Breaking News

Friday, September 2, 2011

As the nations' net job creation rate frozen at zero net for August, Michigan's unemployed wonder, "Where are the jobs?

An Reach Out Job Search News Op/Ed


Photo Credit-Google Images
As corporations sit on over $2 Trillion dollars worth of cash, African-American joblessness rate hit 16.7% and zero net job creation of all joblessness individuals in August 2011; the Bureau of Labor Statistics (BLS) cited on Friday, September 2nd that U.S. unemployment rate remained frozen from July 2011 at 9.1%.


Washington, D.C. debt ceiling political fight between President Barack Obama, Speaker John Boehner (R-OH) and Majority Leader Eric Cantor (R-VA) weighted on any efforts to promote effective job creation ideas for America's 15 million unemployed job seekers. 


The report by BLS marks the first time since the 1960's our United States economy has created no net employment gains or losses overall and experienced little or no job growth across the board, with the exception of healthcare services. State and Federal Governmental agencies continued to slash and burn workers, along with manufacturing payrolls rolling back their payrolls. 


A further governmental analysis of the beginning and peak of summer employment creation numbers, revived yet another decrease in job growth from 117,000 to 85,000 for July and, employers added just 20,000 jobs in June, not 46,000.

Doing simple math, the United States economy has overall added an average of 35,000 jobs in the last three months. On top of all of this negative news, August report from BLS cited  private employers trimmed the work hours of employees, to 34.2 hours. The average weekly earnings for all private workers also dropped, down 3 cents to $23.09.


President Obama is set to reveal a major jobs speech on September 8th were he is expected to call on a extension of the payroll social security tax holiday on behalf of workers and employers, extending unemployment insurance for the long-term jobless and infrastructure spending. 

In Detroit and Michigan the unemployment situation is on life support measures. The city of Detroit, estimates that its' overall jobless rate is near 50%. Additionally, the President is set to give a speech in Detroit on Sep. 5th, Michigan during one of the largest union based celebration events, the annual Labor Day parade.


Michigan's overall jobless rate for August stood at 10.9%, marking the highest rate of year, so far. Also, Michiganders overall are squeezed by high food and gas prices, as a gallon of gas is one of the highest in the nation, averaging $3.89.


On August 16th, a Congressional Black Caucus Town Hall Event, held at Wayne County Community Campus highlighted deep frustration among attendees with the gamesmanship tactics in Washington, D.C. between President Obama and Congressional Republican tea-party based leadership.

"I just want a job and at this point, frankly, I'm tired as hell those folks in Washington, D.C. telling me this plan and that plan without doing a thing about how I'm going to pay my rent next month", stated Brenda Thompson, 54 who attended the CBC Job Fair event prior to the Town Hall in a effort to land employment.
"I have been looking everyday for a job for nearly two years. My unemployment is almost gone and at this point, options are running few and fair between", she cited. "All of them, the President, Congress and even our Governor (Rick Snyder-R) need to be thrown out if they can't fix the situation with employers hiring people like me, ready to work, now".

On the heels of President Obama's speech in Detroit on September 5th and Michigan jobless rate, another downward trend is nearly one-third of state workers are employed, in lower-wage jobs


Nearly 21% of workers or a total of 848,000 of Michigan's citizens are in jobs considered to be of low or minimum wage, averaging $10.73 an hour for a worker with a family of four. 
In 2010, one-third of Michiganders averaging 27% or 966,000 in total, worked in lower-wage employment classifications.



Michigan has highest percentage of long-term unemployed among other Midwest states in 2010 at 35% and, is expected hit the sobering figure at the end of 2011. Ironically, Michigan's Gov. Rick Snyder (R) was the first state chief executive in the nation to reduce state based jobless benefits claims from 26 to 20 weeks

Gov. Snyder who took office in January 2010, promoted and quickly passed, with the assistance of a Republican Super-Majority in the state House and Senate, sweeping changes to the Michigan Business Tax for C & S corporations. The result was $1.5 billion dollars less available revenue to the state coffers. 
Reasoning behind Gov. Snyder providing tax breaks for corporations, was framed as a incentive to promote companies to hire. Instead of reducing Michigan's unemployment rate, with the tax savings, Michigan corporations, similar to national multi-national companies, have reduced hiring, wages, hours and continued rounds of lay-offs shedding employees.

Support Michigan's Independent News Resource on ROJS NEWS by adding our RSS Feed Below!

Subscribe
              Tell us your thoughts about this article!
Enhanced by Zemanta

No comments :

Listen | Independent Underground Radio | On-Demand

IUNT's | Featured Post

Two Flint Emergency Managers Charged In Toxic Water Crisis Under Snyder's Authority

Photo Credit - Independent Underground News & Talk Michigan Governor Rick Snyder and his Flint Appointed Emergency Managers from (L...

Think Progress | Progressive Politics News

Michigan Politics & Elections | News

AlterNet | Economic News

Copyrighted by ROJS Media, LLC 2016