80,000 jobs get cut, unemployment through the roof; what happens next?

a clip from "Independence Journal" has this to say on the topic:
The number of persons who worked part time for economic reasons, at 4.9 million in March, was little changed over the month, but has risen by 629,000 over the past 12 months. This category includes persons who indicated that they were working part time because their hours had been cut back or because they were unable to find full-time jobs.

Now, a nickel's worth of analysis here. First, the Labor Department let's on that there were really another 1.4 million people who were 'marginally attached' to the workforce.

About 1.4 million persons (not seasonally adjusted) were marginally attached to the labor force in March. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (<--- Can you believe this???)

Among the marginally attached, there were 401,000 discouraged workers in March, about the same as a year earlier. Discouraged workers are defined as persons not currently looking for work specifically because they believed no jobs were available for them. The other 951,000 persons classified as marginally attached to the labor force in March cited reasons such as school attendance or family responsibilities.

Hand me the calculator and a bottle of Jack, please?

Add the admitted 7.815 million unemployed to the 1.4 million 'marginally attached that they didn't bother to count as 'unemployed' and we get 9.215 million, which on a workforce of 153.784 million pencils out to an RCH under six percent unemployment rate but it gets even worse because if you add the table A-12 (unadjusted) U6 (*Underemployed like PhD's flipping burgers) you get an unemployment or severely underemployed rate of about 15.3%.

And that's with a war going to keep the economy on life support!

Welcome to the Greater/Second Depression I've been writing about...

So what happens next? What do those people who lost their jobs do if theres not any other jobs for them to go into? How do we turn this god awful number around? What is our Gov't doing to try and fix this?

So many questions, so little answers! This has got to change!

god i wish i knew.

EcoMedia, a very good and sound point. You are right. This is a time for action from each individual. Looks like the national ego is lashing out all over the place these days. What appears to be a last ditch effort to control the masses that are finally "getting it." First there is the "getting it" and then there is the ACTION.

EXPOSE THE LIES.

YES ALL MUST SEE

THE GREAT DECEPTION THEN COMES TO AN END.

We the People. Not. We the Corporations

LIES cloaked in the cover of SECURITY and FREEDOM the GREAT DECEPTION.

The masters The Oligarchies
The Puppets Those who serve them

SOLD BY THE MASS MEDIA

A market segment of their VAST POWER

THE GREAT DECEPTION THEIR UNDOING

the media will never spill this about the current 'recession' racket barrelling down our pipelines, but this is exactly what the bush administration wanted to happen before they left office. they have the patriot act to watch our lives and now they want more goverment control to hawk our finances. this is yet another game by the neo-cons in DC to load corporate rats up with wealth and bail them out when capitalsm doesn't go their way. george is merely paying on his promises to all the rich boys in america. furthermore, it gives the bush's a nice chess move for the next republican administration to meddle in our lives. the next time a republican says 'less goverment', i'm going to remind them of the patriot act and the complete takover of our lives via the same goverment they want less of.

I don't know if Bush or any of the Republicans really intended for this to happen -- I mean, none of them are economists and just being elected to office doesn't mean they understand any of the real world consequences of what they are doing.

Republicans just knew that they hated "regulations" and they hated "welfare" so they just went on their way crafting legislation utterly oblivious to the broader economic implications.

Like when they rewrite trade deals making it easier for companies to fire all the American labor and move overseas and use child labor, er, I mean, boost local economies -- I doubt they really understood what kind of impact that would have here over the long term.

Or when they rewrote the the bankruptcy law making it harder (or impossible) to discharge consumer debt or MEDICAL debts -- mistakenly believing that the all poor people are evil -- I don't think they really knew what the impact of that would be (such as dramatic drops in disposable income which led to dramatic drops in consumer spending, etc)

Or when they created legislation allowing credit card companies to charge insane rates, charge excessive late and "penalty" fees and hand out credit (LOT'S of credit) to anyone regardless of their ability to pay -- does anyone think someone like Strom Thurman really knew what the hell he was doing? Okay, so McCain is a war veteran. Doesn't mean he understands economics.

Or when they cut welfare benefits under the assumption that people are only on welfare because they are "lazy, crazy or stupid" -- they didn't stop to think that people might be forced into using their high interest credit cards to bridge the "gap" welfare assistance used to fill should a sudden job loss or medical emergency occur.

A good first step to correcting this mess is getting rid of anyone in Congress who think Conservative Economic Theory makes sense.

"A good first step to correcting this mess is getting rid of anyone in Congress who think Conservative Economic Theory makes sense."

Hear, hear, crob80227! Vote for change this November. Not only for president, but for the house and senate too! We need 60 Democratic senators for a fillibuster-proof congress. Only then, will the Rethuglicans have no power to roadblock changes that our country so desperately needs to turn our economy around. Yes we can!

Hey how bout we ask con-gressman murtha for some of the money back that hes been filtering to his cronies. That might help stimulate the economy.

People losing their jobs should look at this as an opportunity to do something different. To change from consumers to people who should just live life.

Not saying we should all become hippies or anything but we're so hopped up on a big house, nice car, an iPhone, etc. If people didn't want these things so badly, we wouldn't have to work so hard.

I went on sabbatical about 3 months ago after saving up. I've traveled, became an amateur freelance photographer, and lived in a studio apartment the size of a bedroom. I eat spaghetti more than twice a week but life has never been better.

I do hope the economy and job market change around for the better but first, people need to change. Live it up, Jobless! Now is a better opportunity than ever.

I heard someone on NPR yesterday say "Depression"
say it aint so!

I'm getting tired please esplain lucy!

The unemployment rate is being reported falsely and without true oversight from Congress or media the corrupt administration will continue to play the sheep in wolves clothing, reminder; the last riot occurred when Rodney King was beaten by LAPD, however the economy was tanking and unemployment rates were similiar to the ones now. And then we had a bush in the white house! Daddy bush lost to Cliniton so the crowds who were rioting would feel appeased as well as the so-called first black president Clinton could offer the minorities blind hope. And for the next seven years we have been subjected to the cruelty of the corrupt corporate-purchased sinister administration.

The biggest reason is our trade policies. NAFTA, CAFTA, and GATT. Bill Clinton signed George Bush's NAFTA into law. Hillary didn't decide to be against it until I think January. The fact we don't have tariffs anymore. The countries with sound economies do though. Our manufacturers left taking our jobs with them, and there are no tariffs on imports to make that unattractive anymore. They are trying to break the Teamsters by bringing in Mexican trucks and we are all sitting around watching TV and letting our government do this to us. Because they have all those big prison camps and Blackwater to put us in them.

At some point manufacturing will have to return to the US.

We can't run an (allegedly) 1st World economy on nothing but part time Wal-mart jobs and credit cards!

the republicans knew and know what they are doing. their economic polices are well thought out and they were hot to set things up just as they have.

now we get to live out their plans while the "haves and have-mores" are gonna keep on doing just fine.

it's gonna get worse way before it gets better

and I'm an optimist!! (by nature and by choice)

It's not just the Republicans! Bill Clinton signed NAFTA into law. Bill Clinton nailed the last nail into the fairness in broadcasting coffin. Elect his wife and America as we know it is gone. It wasn't just Monica, he got us all.

Overhere:

DAMN STRAIGHT. You're right on the money.
Marilynn... Obama. OK we get it.

you know, i just graduated from a university...almost 4 months ago.. and, i have yet to find a job. it's like, all of a sudden, having a BA isn't enough to guarantee you interviews, or job offers.... kind of makes me question the whole point of paying for an education, when i'll probably wind up selling clothes or fast food, at this pace.

There are many more people out of work than anybody knows because once your benefits run out, they fall of the lists.

Will the last person leaving Michigan please turn out the lights?

I don't believe Obama is the right answer but McCain sure as hell isn't. The right answer is for concerted lobbying of our elected officials to set things right, protest, and civil disobedience if needed.

The events of tragic measure occurring now, are the direct result of the Nixon/Agnew administration. The 2 party system was recognized then to be easier to maintain as well as keep the American public blinded by this truth, With an exception of too few elected officials, the entire political structure we call democracy is a front for greedy lazy unworthy and sinister politicians be they republican or democrat or as Joe Lieberman of Conn. proved even a independant party candidate is not ethical or deserving of the respect of power. To believe that this madness will not end in violence is to give the villians in this disasterous confidence their plan for world not world but American as a society to an end. Our best chance of redeeming value is to take to the streets in civil unrest aka a riot of revolutionary proportion. It is now a question of who will be the catalyst for change, including removal of the criminals presiding on the Supreme Court, Thomas, Scalia, Alito, Johns. These men are actually crooked and have tainted the justice system beyond repair but rather replacement. I called the white house recently and told the call center operator, when they say "your comments are important to the president," it is only in the hope to allow the anger to be vented and thus avoid the pending riots. The operator responded to me, "did it work?" I responded, "not even a little bitch, and I would honor any assassin who takes out the two most wanted criminals in America, george w. bush and dick cheney! I have realized this truth, impeachment is not enough for the crimes these two mass murderers have committed, but public beheading and midevil torture such as drawn and quartered or dismembered one joint at a time. I am a pacifist but have been forced by such evil in the white house to accept the act of death by the hands of others. I have had to retire on disability due to 2 strokes I suffered in 2006, The cause of my strokes was a co-worker, a supposed christian, a woman, who through her constant harrassment and abuse caused me to nearly die. Every discussion regarding politics that occurred in the office always found her insisting that no matter who you support, in this office we respect and revere george w. bush. I ask her once about the many lost soldiers in Iraq and her response was a stupid as my asking her this question, "I just want some answer from the administration, but the dead soldiers volunteered, so they knew what they were getting into!" I worked at college in the Languages division where communications between different cultures was part of the department goals documented in the college statement. Now that I am free from the chains of silence from the college, I want to make a note to all, the educational facilities throughout our country are being run by inferior beings. They have their own agenda and it is lacking in diversity and acceptance. Their front is hiring people of color who for whatever reason they give hate their own! Ward Connelly is the poster boy for this bunch and his favorite coworker was Condaleesa Rice!!

speaking of history lessons, BEFORE the Nixon/Agnew debacle there was the Kerner Commission report and AFTER Nixon/Agnew there was the rising power of R. Reagan ... the republicans are well organized in their determination to reshape America to fit their (most hidden) agenda while profiting from being in control

I most sincerely hope that we are done giving in to them and that we will STOP voting them into office so that they can continue to dismantle and abuse our government; but uprisings and riots are not the answer either since that is the path to becoming what we most dislike

critical thinking and community efforts for getting out the vote are still legitimate parts of the solution

crob, You are mistaken that the Republicans didn't know what they are doing. They knew exactly. It's on the Internet under The Project For The New American Century. It is working out exactly as planned. Bill Clinton is the one responsible for Welfare Reform. Very Republican of him. He apparently has no idea that there are some people that are just unable to take care of themselves, adults as well as children. I would prefer my tax money went to that instead of war and destruction. Because I'm a Proud Libral Democrat.

Mornrial, I remember those days , but now that I am raising a 12 year old and have a mother that has arthritus in her legs I dont see traveling in my near future.

Marilynn I like the way you talk , but I'm just a simple man with a simple mind. Wish we could we talk indepth but I do believe big bro watches everythig. On that note CIAO! bye! seeya!

Like I said our leaders should be drafted not elected.