SCARIEST JOBS CHART EVER!!!!

Holy shit.

If anybody can embed that chart, please do.

Most of the Unemployed should have never been born in the first place....

This link should show the rest of the scary charts from the June report.

[link to www.businessinsider.com]

(If not, there should be a link on the lower right of this(show all as one page)

dang

Call it a wrap people we're fucked

Here's some debt charts:
(not great charts, so if you have better, please add them)


[link to www.usgovernmentspending.com]

.







Why work when you can get endless unemployment benefits.










.

"...
By the point that people get to the six-month mark of joblessness, they have usually depleted most of their savings outside of their 401-k or IRA plans, and may well have started to dip into those as well (in the process paying a 10% penalty plus having the withdrawals taxed as ordinary income). That is particularly true this time around because going into this recession the savings rate was at a historic low.

In past downturns, the unemployed who were also homeowners could generally tap into their home equity to tide them over. With over 25% of all homes with mortgages now underwater, and another 5% with less than 5% positive equity, that option is no longer available for millions. Thus, without extended benefits these people would be left with no financial resources at all.

However, the extended unemployment benefits are divided up into several different tiers. Even though benefits were extended for another year, the maximum is still at 99 weeks. The extension was more about people who have been out of work for 40 weeks or 60 weeks continuing to get benefits, not people getting benefits beyond 99 weeks. Please note that you are counted as unemployed if you don’t have a job and have been looking for work over the last month. It does not matter for the unemployment rate if you are getting benefits or not..."

Under "Long Term Unemployment"
in this very well written analysis of the June Jobs Report by Dirk Van Dijk:

[link to www.zacks.com]

(I haven't read his conclusions and I don't know what his recommendation is. I wanted to respond to this comment because I quit my job over a year ago because my boss cancelled my health insurance because I NEEDED TO USE IT. Stuck me with over $3000 in debt. Then busiess slowed to a halt, he hired a third mechanic over the objections of both of us(already underworked techs), and two weeks later I got a 4 hr paycheck. The other guys didn't fare any better, and no corrective action was taken.

I drew unemployment for two or three months. I didn't find another auto tech spot that paid well(usually a downturn means people are more inclined to maintain their current car than buy a new one, but in this case it didn't drive up business, people just limp their cars areound broken, skip maintainance etc. People are running out of gas during their commutes because they buy as little fuel as they think they can get by on.)

Anyhow, I decided to retrain for IT, and I quit submitting unemployment claims when I quit seeking work. That's the deal. You have to apply for two jobs every week, and I did, but the catch is, if somebody offers to hire you, and you turn it down, you get your payment withheld until they make sure you had cause.

I had cause everytime that happened, but it happened a lot.
People want to hire me, they just don't want to pay me. Nobody was willing to guarantee a minimum. I had a guarantee at the last place until it was dishonored. Most shops pay on comission, so it has to be well managed or you get reemed.

Anyhow, I got my A+ cert, working on CCNA, and looking for entry level IT or a decent mechanic gig. Wish me luck.

(I paid into unemployment for (edit:25) years or so. Only used it 3 months. Been scrounging along for about a year.) Momfare/Dadfare saved my ass! But it ran out long ago.

edit:Here's the solution by the way

Thread: GLASS-STEAGALL MOBILIZATION

Last Edited by Luvapottamus on 07/11/2011 01:59 PM