Friday, March 12, 2010

Chart of the Day: Jobs Lost

This one is for you, RTB:
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7 comments:

  1. ticoMarch 13, 2010 at 2:36 AM

    lol don't make me laugh! The President's have very little to do with the economy, this recession has been bubbling since a while. It of course has to slow down on job losses. No hero's or bad guys. JUST PLAIN POLITICS SPINNING THEIR SHIT.

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  2. HeadMarch 13, 2010 at 8:41 AM

    Well, I think it's ridiculous to say that presidents have very little to do with the economy; rather, I think the question is how immediate the effect is. With that said, the economy was in utter free fall when Obama was elected and took office, and a lot of economists were worried we were facing a second depression. I think Obama and Geithner and Bernanke - as well as Bush/Paulson - deserve credit for avoiding that contingency (so far) and restoring some measure of stability.

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  3. AnonymousMarch 13, 2010 at 5:38 PM

    Can't miss article about Geithner: http://www.newyorker.com/reporting/2010/03/15/100315fa_fact_cassidy

    -The Duke guy

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  4. MattMarch 13, 2010 at 9:18 PM

    haha i love that the Duke guy is part of our blog now. Next time you are in NYC area I will buy you a beer...or a cosmo probably more your speed.

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  5. Rusty T. BoneMarch 13, 2010 at 11:21 PM

    Didn't work for me bra.

    Just some notes from my own personal experiences- I lost my job (manufacturing sector) in Apr. 09, got a shit job half of my previous wage in Aug. 09, lost the shit job Mar. 1-10, and just by Providence, got back on with the job I lost in Apr. 09 two days ago.


    This is more just about my industry, but I think it is still relevant.

    The machining trade is a dying industry (in America) and there are damn few opportunities here anymore, and companies aren't training new employees and educational opportunities are limited (only 1 college in MD teaches machining). However, when I am (currently) employed in the trade, I actually make out better money wise then some of my 4 yr. degree friends (money 2 yr. degree in General Studies here!) not that I am bragging though.

    In this current recession, I have seen employers looking for a mechanical engineer (4 yrs. B.S. minimum) looking to start @ 15 hr! I wouldn't even roll my toolbox into the shop for that much and you want a guy who supposedly knows more than me to start designing aerospace parts for (what in some cases and other industries is a good wage) less than most qualified (aerospace) machinists would even think about starting at?

    Regardless of what things supposedly are like now, a lot of people I know are having a rough time. I used to get (before about a year ago) 3 to 5 calls a year from technical recruiters calling me up about jobs. Now I am lucky to send out 150 resumes a week and get 2 legitimate responses back.

    Some thoughts from the trenches here..

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  6. MattMarch 13, 2010 at 11:31 PM

    stay strong in the struggle brotha.

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  7. HeadMarch 13, 2010 at 11:51 PM

    Yeah, that's awful. While job losses have calmed down, last winter was horrendous and unemployment is still way too high - nearly 10% - and much worse as you move down in the pay scale. I'm too tired right now to look it up, but I'm pretty sure people who typically make $100K+ are at 3% unemployment while the lowest quintile of workers is at something like 20%+, which is just absurd. And people are really suffering because of it.

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