UP Ibalon Bicol: Joblessness worse than US government projections

Joblessness worse than US government projections

10/22/2009 | Posted by mesiamd | Edit Post

With overall joblessness rate nearing 10%, Americans are getting a shock of their life to find the big disparity between what the Obama administration projected and the current joblessness all over the country.

Seven months after so much rosy promises by government leaders, the state of economy still looks bleak for those who don’t have work or stopped looking for one . A staggering forty nine (49) out of fifty (50) states lost jobs the last 7 months---a far different picture than the Obama government promised.

A sampler can be seen in the table below:

State--------------Estimated Change in Jobs-------------Actual Job Change
--------------------(thru Dec 2010)---------------------thru September 2009)

Alabama----------- + 52,000----------------------------- - 33,600
Alaska-------------+ 8,000------------------------------ - 2,800
California-------- + 396,000---------------------------- - 336,400
Florida----------- + 206,000---------------------------- - 165,100
Georgia----------- + 106,000---------------------------- - 131,900
Hawaii------------ + 15,000----------------------------- - 17,000
Illinois------------ + 148,000---------------------------- - 148,900
Kentucky---------- + 48,000----------------------------- - 42,300
Michigan---------- + 109,000---------------------------- - 137,300
New Jersey-------- + 100,000---------------------------- - 55,600
New York---------- + 215,000---------------------------- - 111,800
North Dakota------ + 8,000------------------------------ + 1,800
Ohio--------------- + 133,000---------------------------- - 97,500
Oregon------------ + 44,000----------------------------- - 40,000
Pennsylvania------ + 143,000---------------------------- - 103,200
Rhode Island------ + 12,000----------------------------- - 8,500
Texas------------- + 269,000---------------------------- - 225,300
Virginia----------- + 93,000----------------------------- - 47,000
Wyoming----------- + 8,000------------------------------ - 10,500

Total
for 50 States---- + 3,460,000-------------------------- - 2,708,600

According to the data, 49 States and the District of Columbia continued to lose employment for Americans since stimulus was enacted by the Obama administration. Of the 50 states, only North Dakota registered a net positive job addition following the February 2009 stimulus.

President Obama announced his stimulus bill would create 3.5 million jobs, but the the United States has already lost a total of 2.7 million – a difference of 6.2 million jobs. With corrupted and greed-driven financial institution in America, further rise in unemployment indicated that one couldn't recklessly spend taxpayerrs' money in order to show a semblance of prosperity.

Even if Americans still wish the president would succeed (given 3 years more ahead to exhaust his tenure of office,) the joblessness data had brought an ugly picture of the recovery--- raising distrust and disappointment on where the government is heading. This is on top of the wide opposition of government over-spending, sluggish war and anti-terror campaigns, ballooning budget deficit, increasing interference of government on privae enterprise, high taxes, and unsatisfactory healthcare revamp that endangers the medica care system that 85% of Americans are happy keeping.

Source of Joblessness Data: Committee on Ways and Means Republicans (Photo Credit: Ben Heine) =0=

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