EASY FIX TO UNEMPLOYMENT AND THE ECONOMY?
ONCE AGAIN WE STRESS THAT ALL COMMENTS REMAIN ON SUBJECT AS WE HAVE SEEN A WHIRL WIND OF COMMENTS GOING OFF THE BEATEN PATH IN EARLIER BLOG ARTICLES AND FOR THIS REASON WE HAVE DEVELOPED THIS BLOG SO PEOPLE CAN EXPRESS THEMSELVES OPENLY AND RESPECTFULLY UNDER THIS BLOG.
JOIN OUR DISCUSSION & SHARE YOUR THOUGHTS CLICK HERE
We have listened to dozens of financial analysts and economists speak on the subject of our economy for hundreds of years. Recently we have paid a lot more attention to what they have to say because the U.S.A. is suffering the economic blows along with the rest of the world. Many of these analysts are well educated, they have their PhD’s and are experienced.
WHY CAN’T THEY AGREE ON WHAT TO DO? WHY CAN’T THEY AGREE ON HOW TO DO IT? WHY CAN’T THEY AGREE ON WHAT TO DO FIRST?
We understand why the general members of society can’t come to an agreement on how to proceed with the repairs of our dilemma, but then again we are cast into the fires of ignorance through limited information and limited access to national and global statistics and variables which would assist us greatly in forming our views. We can’t understand how so many experts in the field of economics and finance have such drastically different views about the state of our economy.
WOULD ANY METHODOLOGY OR PLAN HAVE FAILED OR BEEN SLOW TO SHOW RESULTS?
We will never know because we only have one model to work from and that is the model formed and implemented by the current administration. We do know that based on news coverage of every analyst proposing something different that it seems likely that no one repair and maintenance plan would have produced drastically different results than what we see today. However, we stress there is no way to really know this because we are not in a laboratory which affords us test subjects with multiple variables and outcomes.
It still comes back to America’s expectation of demanding that a person or group of people perform their job duties adequately and sufficiently because the application and acceptance of the job is voluntary. When we fail to see results, we are entitled to gripe and complain.
HERE ARE SOME OF THE ARGUMENTS & DISCUSSIONS WE HEARD FROM FAMILY, FRIENDS, ASSOCIATES, ETC.
No economic plan would have yielded different results than what we are seeing today. There isn’t a president out there would could have fixed this problem without taxing us more. Even when we aren’t in this predicament, presidents tend to increase taxes in some sector some where.
The fix is easy, money should have been pumped into small business from the start and not the big companies that President Bush loaned money to. It is proven that small businesses generate more jobs and hire more people than large business.
If President Bush did not loan eighty five billion dollars to the big guys, the entire economy would have collapsed in ways we can’t imagine because these large companies have their hands in everything from law to insurance to banking to manufacturing and so on. President Obama was forced to follow suit for the same reasons.
There is no possible way you can prepare for the job of President of the United States. It is an on-the-job training job that is full of hundreds of thousands of surprises than what you anticipated so that anything you initially planned to do becomes moot. To the public it seems like you have lied, but in reality you have been exposed to unforeseen data and information which forces a change in plans.
Since we now know that President Bush borrowed $2.5 trillion dollars from China, what great or not-so-great man, woman or administration can manage that type of debt in an already sunken economy? Its like taking over a company or firm and their books show a profit of ten million dollars in a good year but they have fallen to five million a year. Your plan is to get them back up to ten million a year and more, but they conveniently neglect to inform you that they borrowed one hundred million dollars from a bank and have not begun paying it back yet. The company you THOUGHT you bought, you don’t even own and can’t begin to own until you pay back the one hundred million dollars. Your employees are looking at you in amazement that you haven’t magically made everything right over night.
There are no excuses for failure. Get it right and if you can’t get it right, then leave office and let someone else have a shot at it and if they can’t get it right, they too should leave until we find someone who knows what they are doing. This would eventually force the type of thinking we want in the White House as opposed to what has been in the White House for the last thirty or forty years. After five or six presidents step down for failure to produce via their performance evaluation with a one or two year period, you would see a quick change from special interest groups being stroked to men and women shifting their emphasis to making independent decisions uninfluenced by lobbyists, special interests, and campaign funders. The same would have to hold true for House of Reps, Senators & Supreme Court Justices where we have access to their attendance, voting records and spending records( expense accounts). We should have put this into practice decades ago. The problem is we can’t even agree on who we think has done right by us and who hasn’t. The person next in line would be their opponent who had the largest number of votes next to them (despite the party) and if that second person failed, then the person with the third highest votes would take the second person’s place and so on. This would also bring a halt to bipartisan head games because a senator who refuses everything suggested by a president of the opposing party would also face expulsion for failure to produce results and the public would be able to see those childish antics because their records would be exposed. It would force Republicans and Democrats and all others to work together for fear of their opponent taking their spot.
The blame is on the person and the administration hired to do the job and no other explanation or support is needed for that statement. The simplest form of clean up is a maid who is hired to clean up after a party. She did not throw the party. She did not attend the party. She did not create the mess and she may not have known how bad it was until she got there. No matter what, she won’t get paid if she fails to “clean house”. She has to figure out a way to clean up this awful mess left by others. Certainly the economy and unemployment is a lot more complicated but the expectation is the same. This is not a volunteer job. One does receive a salary, an expense account, and a life long eye catching resume which will launch a former president and vice president into just about any area they desire. You can head up a church, build homes for the poor, serve on boards, or enter the live speaker circuit. Either way you are set for life even if you were an unpopular politician so American citizens have every right to demand favorable results because presidents represent ALL of us, not just the people with the big bucks, power & influence. Most of us will never reach the earning power a president has. people laugh at the president’s salary, but you know what most people don’t earn that much. In addition you can probably triple or quadruple the salary based on the perks, wardrobe, grooming, presidential fleet of cars, planes, hotels stays and expense accounts.
The list of different view points is endless and we believe each one has a great deal of rational and logical thought behind it. What do you think? Join our discussion.
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FORECLOSURE PROCESS
FORECLOSURE: Is a legal process wherein a lender secures a termination of the borrower’s right & ability to redeem or take possession of his or her “own” property up to the the time/date of the foreclosure sale of that property by paying the outstanding debt of the mortgage in full. This termination must be court ordered.
*******************************************ADDENDUM*************************************************
WE ARE ADDING A COPY OF A COMMENT FROM ONE OF VALUED READERS BY THE NAME OF KENDRA CAPUTO (SEE THE IS IT A SCAM? BLOG ARTICLE FOR HER COMMENTS)
You all may want to add this to your foreclosure blog too. Just a thought.
This is a great site like all the others including yours. These people specialize in scams.
Ripoff Report is all new! Now with new features to better serve you, if you experience any trouble at all please contact using our support form
Beware! Don’t pay upfront fees to modify a delinquent mortgage loan
Millions of Americans are behind or facing problems with their mortgages. Companies offering help but, sometimes, for a fee. Mortgage modification ads appear all over TV & the internet but are the services helpful? If they are asking for a fee up front, ..walk away! ..hang up the phone!
Questionable pyramid scheme takes advantage of consumers.
Companies steal from your bank account. Find out how.
Thank You Ms. Kendra
*****************************************END ADDENDUM********************************************
Lenders pursue this avenue because there is no guarantee that the lender can repossess the property provided the borrower always has the ability to pay before the sale occurs. This ability to pay the owed debt in full is known as equitable right of redemption.
PROCESS: By missing one mortgage payment everyone and anyone is exposed to foreclosure. It may not be typical, but it can happen and has happened. Most lenders allow two to three months of missed payments with a series of reminder then warning letters that follow demanding you pay what is owed.
At this stage you have an opportunity to contact the lender and pay what is past due in full and nothing more should occur, but there is always a possibility that more COULD happen. This could reflect on your credit report & more.
WHAT IF YOU DON’T HAVE THE MONEY TO PAY?
If you don’t have the money to cover your mortgage, it is suggested you speak with a housing counselor to assist you with the process. Sometimes terms can be worked out. The longer you wait the less opportunity you have for the lender to grant any degree of flexibility. Ideally, you should really discuss your mortgage issues with the lender prior to missing a payment. The lender is not obligated to be flexible on the terms of your agreement.
Usually after the 3rd month is missed on the mortgage payment, your lender will send you a DEMAND LETTER or a NOTICE TO ACCELERATE that lists your total amount due. You usually have thirty days to come up with the funds in full, including late fees.
Usually by the 4th month the lender will involve its attorneys. You are responsible for the lender’s attorney fees which will be added on to the amount you already owe. You will likely receive another DEMAND LETTER from the attorney giving you one more opportunity to pay your mortgage, late fees and attorney fees.
If you do not adhere to the terms at this stage the bank or lender will usually file a formal FORECLOSURE NOTICE with the court known as a NOTICE OF DEFAULT and it serves as a formal record with the court revealing the total amount you owe and need to pay.
You usually have about 20 to 30 days to respond prior to further progression of the foreclosure process.
You will receive a NOTICE OF SALE if you were unable to honor the above conditions in full. The Notice of Sale reveals the scheduled date of sheriff’s auction. Your house is formally schedule to be sold at an auction. Most states set the date out two to three months. In some cases if you are able to pay the debt in full, you can prevent the sheriff’s sale, but there are no guarantees.
WARNING: Many people are unaware that if they owe taxes, homeowners association fees, or any other liens against the property, real estate or house that they their home could go into foreclosure. People have lost their homes even when they have kept up with mortgage payments, because they neglected to pay or missed paying a smaller fee, lien, or debt.
In some cases even after the sale of a home, people have regained their home by paying what was owed in the original Demand Letter + Attorney Fees + Any & All Expenses associated with the Foreclosure Process & Sale of the Home. This is known as the REDEMPTION PERIOD (if one exists).
All experts say that communication is the key right from the start. Maintaining communication with your bank or lending institution is vital throughout the entire process. Despite what it may seem like the financial institutions or lenders don’t enjoy foreclosing, because there is typically a loss incurred whether that be in time & labor or direct monetary costs.
STAY IN CONSTANT COMMUNICATION WITH YOUR LENDER. This is a painful process and it takes its toll, but there are ways to manage set backs and short term failures and there are ways to mismanage these same challenges. Remain mature. This is easier said than done as emotions mount.
Tap into whatever outlets you have during this time. Some people have been distanced from their faith and it is only through a loss of a job, home or some other tragic loss that they are driven to reconnect. Do so immediately. Other people use other outlets. Whatever helps you to maintain your sanity connect and continue to connect with it provided it is positive, healthy & not harmful to you or any one else physically, psychologically, mentally, spiritually & emotionally. Allow this to be a time of reflection. Rejoice in the trials, as odd as it seems. Some people we spoke to said after the heartache of it all, one day they woke up and realized just how free they were. They hadn’t fully grasped the gravity and stress their mortgage brought to them over the years.
In America we are blessed with shelters and other types of housing. Remember no matter your financial gain, loss or ruin we all contain value, worth and importance in this world. How we chose to honor and exhibit those traits is our responsibility even in the midst of the most horrific trials. It will take redefining priorities from a secular world to a world with far deeper spiritual meaning than social, economic or political status wrought with titles.
From time to time all of us should ask ourselves; Who would we be if and when we lose our job, our home, our cars, any and all sources of income, investments, savings, checking accounts, credit, and more? Who are we really when all these things are stripped from us? Do we carry some weight? Do we have substance beyond what we have allowed the secular world to define us as with little to no protest from any one of us? What is our essence? Who are we at our very core?
For those of us who believe in the Hereafter, this question is especially important because it is all that we will be taking with us. So if you are an empty soul without all of these worldly items, titles, functions, status, vanity and more, its never too late to develop your depth beyond these secular distractions.
No matter what any one of us is facing in this life, we offer the reality of hope in your darkest thoughts. Where that hope leads you is up to you but we strongly urge every individual facing an insurmountable challenge, obstacle, loss or failure to open their hearts in silence to something more. Ask the burning & painful questions & leave no stone unturned then just be silent with an open heart & soul.
We don’t have the answers for what this country is facing and what is brewing and has been brewing for a very long time, but we can offer our services to help all people, all businesses and all organizations with their professional needs in some capacity.
As far as foreclosure is concerned, we are not real estate attorneys and we are not experts in the real estate industry. Therefore this blog article serves as a view of what COULD happen. We urge and encourage every home owner facing this process to consult with an attorney, if plausible and/or a housing counselor before missing even your first mortgage payment. Always consult with an expert before making a decision or taking action on your property.
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FORECLSOURES ARE ON THE RISE BECAUSE OF UNEMPLOYMENT
ARE YOU AN EMPLOYER INTERESTED IN BECOMING PART OF THE SOLUTION TO UNEMPLOYMENT & FORECLOSURES?
ARE YOU AN INDIVIDUAL WHO IS UNEMPLOYED?
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U.S. TROOPS COMING HOME? IRAQ WAR VS AFGHANISTAN WAR
42% of Americans said the war was worth fighting.
55% of Americans said it was not worth fighting the Iraq War.
Certainly everyone has heard by now that President Obama is working to bring an end to the Iraq War by sending approximately 90,000 troops home. HOWEVER many journalist argue there is merely a shift of troops from Iraq to Afghanistan. It may or may not be the same troops in some cases. Below is a chart of numbers which reveals an overall relief for troops in the range of 30,000 after calculating the Afghan shift. This chart should help you see what so many articles will speak about, but we are not certain how simple it will be to decipher as we believe it is as shown below. These figures are comprised of numbers released by the White House and other sources.
January 2009: 144,000 troops in Iraq 33,000 troops in Afghanistan TOTAL = 177,000
July 2010: 81,000 troops in Iraq 87,000 troops in Afghanistan TOTAL = 169,000
September 2010: 50,000 troops in Iraq 96,000 troops in Afghanistan TOTAL = 146,000
These do not reflect the number of troops who are deployed throughout the world in support of either the Iraq or Afghanistan wars, but are stationed in neighboring countries or in nations which have some political association, serve as a potential threat &/or are threatened by the forces America is fighting.
The 50,000 remaining troops in Iraq are intended to be more peace keeping-training for Iraqis-protect US civilians-overseeing equipment transfers & more. Needless to say counterterrorism is a given on this list too. By the end of next year all American troops are suppose to be completely out of Iraq per a previous agreement between former President Bush & the Iraqis.
The deadline to begin remove troops from Iraq was mentioned as August 31, 2010 early on in this recent presidency. As U.S. controlled bases lose their U.S. troops, Iraqi troops are expected to assume control and begin rebuilding their social, political and economic structures.
Back in February of 2008 the 48% of Americans believed that pulling out of Iraq would drastically effect the U.S. economy for the better. 20% are have said to believe it would help to some degree. 43 % said increased spending on health care, education, & housing programs would benefit the economy considerably. 36% werein favor of cutting taxes in order to improve the economy.
Wars no longer produce jobs the way they use to because our technology is different and we have grown accustomed to & overly dependent upon outsourcing. As a result the average American is no longer able to see the benefit or actually benefit economically from wars as it stands now.
Cost of war in Iraq has been estimated at $2billion per week as far back as 2008 and 2006. It is said we have spent $1.25trillion dollars since the start of the war. This does not include figures for Afghanistan. Keep in mind the war grows more costly as time goes on and this does not even address the cost of life which is impossible to place a number on the life of a loved one. As of 2010 it is expected that we will have spent a total of $3.2trillion total for both Iraq and Afghanistan. We wanted to post death tolls, but we can’t seem to confirm conclusive and accurate figures as the U.S. & Iraq are in disagreement about July 2010′s calculations from Iraq about their death toll.
WHAT ARE YOUR THOUGHTS?
WHAT WOULD YOU DO IF YOU WERE PRESIDENT?
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UNEMPLOYMENT EXTENSION – TIER 5
ADDENDUM TO THE ORIGINAL INFORMATION:
ADDITIONAL COMMENTARY AND DIFFERENT PERSPECTIVES THAN THE INITIAL WRITE UP ABOUT THE EXTENSION: It points to some of the disagreements even amongst the Democrats. http://finance.yahoo.com/news/Fears-grow-as-millions-lose-rb-1408637055.html?x=0
Congress is suppose to be back in session following the Independence Day holiday and they are suppose to be addressing unemployment extensions into Tier 5. It was turned down twice now and we have heard mixed speculation and conjecture on this subject. Independence Day has come and gone.
Some say that until the late Senator Robert Byrd’s position is filled in a Democratic seat, the unemployed will not see an approval on the bill. There is still no guarantee regardless of the replacement. The last time the bill was was voted on it passed in the House two weeks ago. A similar concept of the bill was shot down as a result of a Republican filibuster.
FILIBUSTER: A filibuster is a parliament based occurrence which is an act of obstruction or blocking in a governmental body or forum wherein a single member of that governmental chamber can simply choose to delay or prevent voting to ensue on a particular bill or proposal.
No matter what your position is on unemployment, health insurance, the oil spill, taxes, education, war, immigration, foreclosures, debt, bankruptcy or other polarizing issues, the act of filibustering is sometimes the cause for delays. So when we are sitting around on “this side of the fence” solving the world’s problems, we now know one of the many reasons why things are not moving as smoothly & quickly as we think they should.
That is just one of many strategies which are utilized by government to prevent progress, change or deterioration of our current system (depending on your personal political view and nature). Presidential term after presidential term members of government have used this for both mature and valid reasons as much as it has been used from time to time with a more questionable motive.
If the bill is not passed it will be the first time since the 50′s that federally funded benefits have not been activated on an extension basis while experiencing an unemployment rate which exceeds 7.2%. Many people have little to no tolerance for people who are unemployed while those who are unemployed see it quite differently. There is also a sourness which rose to the surface amongst the various categories of the unemployed. The unemployed who do not qualify for benefits have even less sympathy for those who have benefited from unemployment benefits. There is also a riff between those who received benefits for six months or less and those who received benefits for more than 6 months and going into 99 weeks.
It is easy to identify with all sides in this unemployment predicament that we are in. Many of our formerly unemployed candidates have expressed great frustration with the entire process. We have spent our energy and time focusing on finding them jobs so that the issue of unemployment becomes a distant memory for them as quickly as possible.
We think that if any one of us was invited to witness, learn and be privy to the deepest most inner workings of politics at the most influential levels of foreign and domestic government, we would pass out from cultural shock alone. The REAL REALITY would come as such a surprise to our systems we may be rendered speechless for several days.
As we have said countless times before and continue to say that it is unfair for the public to be left with bits and pieces of information by which we arrive at our UNINFORMED decisions which result in arguments and polarization between the political parties and individuals. All the while we stand by our convictions with only a portion of the facts while believing we have all of the facts.
- We hope there comes a day where there are not so many layers and sub-layers of political under currents, motives and objectives which are so well hidden from the journalists and public.
- We hope a day will come when we, as the public, can handle the shock, depth and wonderment of a truth we’ve yet to be exposed to in these last several generations.
- We hope there will be a day where the truth comes from a good and righteous place so we don’t have to be shielded from it in the first place.
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CALL TO ACTION FOR JOBS
COMMENTS CURRENTLY OPEN ON 911 SOLEMN REMINDERS
This blog is created from a response to a comment from an earlier blog posting.
The oil spill has produced some jobs. We have been able to help an alarming number of people with the information from our prior post known as JOBS CREATED FROM THE OIL SPILL.
This got us thinking that perhaps there are other events, circumstances, organizations and companies that are hiring unskilled and skilled labor on a temporary, part time or full time basis to assist with certain disasters, events, catastrophes and more (oil spill, earthquake, storm duty, flood duty, tsunami, mining collapses, etc). Since our area of expertise is in the following professions, industries and careers…
- Healthcare
- Engineering
- Architecture
- Information Technology
- Education
- Procurement
- Sales
- Executives
- Financial
- Accounting
- Insurance
- Legal
- & Much More!
…our goal is to reach those people who are in need of a job but perhaps would not qualify as a candidate with Best Services Online because of the type of work they are seeking or other variables. We still want to help so we are proposing the following. We want to post sources and information for these people where they can find jobs, applications, send resumes and more to get in for an interview and possibly receive a job placement beyond the scope of jobs we continually find for people and talent we locate for our clients (employers).
In the hopes to reach a number of people directly and even more people, job seekers, job searchers, and the unemployed indirectly (by word of mouth, FaceBook, LinkedIn, Twitter, MySpace, InstantMessaging, etc.) we are seeking the knowledge & help of the reader. We hope to have a positive impact on people’s household finances, stability and their overall welfare.
Being unemployed can bring about a myriad of negative emotions. We invite all of our readers to share ideas, places, locations, company names, industries & more that may help the unemployed find jobs. We will post any and all information (provided it is not in conflict with our job placement services). The information must be credible and valuable to our readers.
We will not post job offers that are rooted in QUICK CASH, EARN CASH FAST, INTERNET JOBS, or questionable offers that are NOT attached to a formal organization with an easily traceable company name, telephone number, address, business email address, etc.
You don’t have to post all of that information in your email to us info@BestServicesOnline.com or comment to us (we prefer email), but we or someone should be able to locate all of this information on the Internet.
Our goal is to bypass the multitude of potential scams and misleading information. We refuse to transfer those false hopes to already financially strained & emotionally drained people.
If the offer or prospective employer fails to involve a traditional application and interview process, it most likely will not be posted.
If the offer demands money from the job searcher or job seeker to get more information, we won’t post that either.
VOLUNTEERING CAN LEAD TO A JOB OFFER AND CERTAINLY HELPS OTHERS IN DIRE NEED
LIMITED TIME ONLY STARTING BASIC PRICE OF $75.00 FOR PROFESSIONAL RESUME SERVICE
CHECK OUT OUR OTHER RELATED BLOGS:
TOP CAREERS (students, graduates, career changers & more),
RESUME SERVICE (DON’T ASSUME IT READS LIKE IT SHOULD
AND JOBS CREATED FROM THE OIL SPILL
Give Best Services Online the opportunity to provide coaching for your career (individual) or business and we will reveal the secrets (details and applications) necessary to reach your goals thereby attaining success for a more fulfilling life.
Contact www.BestServicesOnline.com where we LINK the
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People are struggling with: unemployment rates, joblessness, household finance, debt, foreclosures, bankruptcy, banking, banking institutions, credit, credit cards. Let us do our part by offering free information.
COMMENTS CURRENTLY OPEN ON 911 SOLEMN REMINDERS
JOB MARKET, MORTGAGE RATES AND HIRING FOREIGN WORKERS (May, 2010)
NATIONWIDE SERVICES: WELCOME TO BEST SERVICES WHERE WE LINK THE:
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Latest reports in the job market:
Fixed mortgage interest rates have dropped (SPECTACULAR NEWS).
California is beginning to hire with special focus in the Silicon Valley sector.
Certain companies in California are starting to RE-HIRE employees which were previously laid off. (Yet another one of many valid reasons why every employee who is laid off must leave without “burning bridges” with that employer despite the emotional turmoil and real life hardships you are experiencing or facing).
This is excellent news for the job market. California has always served as somewhat of a trend setter for the remainder of the country in many respects. Many large corporations have raised money through investors to get back on track with regard to their overall financial stability and to re-ignite the hiring process.
One company in particular is seeking to hire 1000 employees. The largest debate amongst Americans is whether or not the company should have the flexibility in searching for the BEST talent. Most people feel employers should have this flexibility (ON THE SURFACE). The crux of the question however focuses on immigrant or foreign workers coming in and filling some of these positions. We welcome every-one’s views whether you are an employer, an employee or unemployed. We welcome comments from all over the world so we have fresh perspectives from all who are affected.
The response to this may be very different especially during a time when our nation’s economy is suffering from the effects of a recession, debt is higher than it has been in a long time, foreclosures continue to be a threat and there is no easy fix to any of these challenges.
Normally most people agree that employers should be permitted to hire who they want to hire. However, when people are given the option to provide a response to this dilemma on the basis of a foreign versus national worker (American citizen), the response may vary.
On the “other side of the coin”, most countries would likely vote in favor of hiring one of its national citizens before hiring an American who is seeking employment in a foregin land. How much input do we have? How much input should we have. Should it be based solely on
who is the most qualified
the BEST fit
the most talented
the most experienced, etc.?
People may exercise a different view on issues of this nature when bank accounts, wallets, and money are directly and adversely effected within individual households. Those who are struggling and are unemployed would be less likely to be satisfied while witnessing a foreign worker being offered a position in their area of expertise within their home town or city.
Some employers conduct business here but are not American routed companies. Is there any degree of loyalty to the American worker? Is the American worker owed any loyalty in your opinions? Should H-1B workers be laid off before American workers in the U.S.A.? Do we have a right to direct private industry in its hiring practices?
Let us hope California is every bit the trend setter it has been in the past as it relates to hiring new employees and re-hiring employees who were formerly laid off as it battles its way out of the recession. California has been one of the “hardest hit” states in this recession mainly because of the type of industries that have created surplus and benefits for the state over the years since computer technology has expanded so rapidly and in a variety of directions.
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290,000 NEW JOBS BUT UNEMPLOYMENT STILL ON THE RISE
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290,000 NEW JOBS BUT UNEMPLOYMENT STILL ON THE RISE
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While experts speculate how it is possible that more jobs than expected have been created yet unemployment is still on the rise, we have listed a few possible reasons below to explain this phenomenon.
{The former employment rate was 9.7% & this month’s calculations stand at 9.9%.}
Many unemployed individuals who have not been registered as unemployed are now emerging.
This increase is not only the first increase of this size since President Obama has been in office, but it is the first increase of this magnitude in four years. When an announcement like this reaches the “streets”, people who have been deterred are restored with hope and they begin searching for jobs.
Just because jobs are created does not mean they are equivalent in skill & pay as to those jobs that were lost. (In other words the former employee who earned $150,000.00 per year while living in a home with a $5,000.00/month mortgage is not likely to accept a newly created position that pays $30,000.00/year. This candidate’s unemployment will pay more than a new job of this nature. The candidate may opt to gamble and hold out for something better in terms of pay).
[66,000 jobs were temporary & can be attributed to census related job placements.]
Some of this was obviously fueled by private industry employers, organizations, corporations and business owners gaining confidence in the market place and the general economy. This comes on the heels of a bizarre stock exchange event which occurred yesterday & remains under investigation to determine a cause and the long term effects. The stock market went haywire for a single day. Stocks are down again today 5-7-10. Regulatory commissions are reviewing this in depth.
http://www.huliq.com/3257/93248/us-payrolls-rise-290000-most-four-years
Many economists are speculating that what is happening in Greece may be a sign of the times for the remainder of Europe. Some conjecture that what is taking place with Greece will occur with much of Europe and it is just a matter of time. If this speculation comes to fruition, the United States economy would suffer the effects as well. Any nation involved in trade with other nations will more than likely be effected.
We take you back to the events and blog about Iceland, its economy & its mass exodus (prior to the volcanic eruption).
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Have You Heard or Read About the Mass Exodus From Iceland?
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COULD THE U.S.A.’s JOB MARKET BE AFFECTED?
Iceland is an island off Northern Europe. Its size is a little smaller than the state of Kentucky in the U.S.A. It is surrounded by the North Atlantic Ocean (lower) and the Greenland Sea (upper) & is positioned north & west of the United Kingdom. It has a rich history dating back to 930 A.D. with a 300 year old independent status.
The island was settled by Celtic & Norwegian immigrants. It was known to be one of the more successful countries in terms of economic growth prior to 2008.
Population=approximately 300,000.
Approximately 80% of the population is aligned with the Lutheran Church of Iceland, but attendance is said to be low. They have a 99% literacy rate. Main exports are fish and other fish products.
Over the last several years there was an increase in their financial domestic demand. As a result the Icelandic banks delved into the foreign markets. This generated frequent activity in the borrowing of their households and businesses. Eventually Iceland’s loans & assets exceeded their GDP (Gross Domestic Product) by approximately 10 times.
Because they exposed themselves in the foreign market, they have felt the downward spiral of the various economic systems. Many of the younger people (18-24) are planning to move to Norway.
Some speculate it will take twenty years to regain their stability. We have heard five, ten and even twenty years for our (US) economy to recover. What are your thoughts?
Iceland faces the development of 3 new banks to pick up where the other banks failed. the issue is that two of the three new banks are foreign based and this poses a threat to Iceland’s independence as it faces the powers and ownership of the British and Dutch, with regard to the two newer banks.
Iceland does not want to lose its hold on its fishing market and this also presents a threat. With debt comes a lack of freedom whether you are in Iceland, China, or the United States. Does Iceland represent the sign of what is to come for many more countries and regions?
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