Escolar Documentos
Profissional Documentos
Cultura Documentos
PART III
Continued
UNEMPLOYMENT: THE REAL STATISTICS Observations Beyond the Numbers Diary of an American Bankruptcy BEEFING UP THE HUMAN RESOURCES DATABASE
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TIMELINE
. Several American Presidents have had to deal with unemployment under their watch. In recent history, President Jimmy Carter dealt with this issue during the last six months of his administration (1981) while President Ronald Reagan had to deal with it for the first eleven months of his first term in office (1982). President George H.W. Bush managed a recession from July 1990 to March 1991, and President George W. Bush saw two recessions during his administration, the first starting in March, ending in November 2001 and again from December 2007 to December 2008. President Barack Obama inherited that same recession and dealt with it for the first nine months of his administration (2009). The National Bureau of Economic Research (NBER), composed of academic economists from Harvard, Columbia, The Massachusetts Institute of Technology (MIT), Duke University, Stanford, Princeton and several other universities reported that the last recession began in early March 2001, seven months before the September 11th attack and ended in November 2001 ending over ten years of uninterrupted growth and expansion. Reference: CNN Money, November 26, 2001 According to The National Bureau of Economic Research (NBER), the recession of 2001 lasted eight months while the most recent downturn is reported to be eighteen months ending in June 2009 - the longest in recent US economic history. Last Four Recessions and their Durations 12/07 3/01 7/90 7/81 - 6/09 - 11/01 - 3/91 - 11/82 18 months 8 months 8 months 16 months
Source: National Bureau of Economic Research | www.nebr.org Despite the official government position that the recession ended in 2009, our country is still reeling from the far-reaching consequences that come with such an economic blow. Perhaps we are traumatized with this recession because it is not just the longest in recent memory but also the deepest. All aspects of our very existence are being impacted by the lack of jobs. The socio-economic and political woes of our nation are being felt in every home, neighborhood, city, and state. Source: Unemployment in America Part I, Preston Williams, 12/15/2008
Preston Williams III
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Source: Struggling Economy Makes Environment Ripe For Job Scammers By: Gwen Parkes, Posted Jan 29th 2011 @ 9:47AM Source: Unemployment in America Part II: By: Preston Williams, January 24, 2011
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The Unmentionables
Another factor that continues to have a major impact on the difficult economic conditions in the United States is the fallout from criminal behavior by some corporate executives. In Unemployment in America Part II, I explained the role of politicians in the shenanigans of such Corporate Giants as Lehman Brothers Holdings Inc. and Bernard L. Madoff Investment Securities LLC. However, let us not forget those other Icons of American Greed who preceded them and began this downward spiral in the US economy. Companies like ENRON, Arthur Andersen and WorldCom / MCI. Several Executives at those companies sacrificed the continued employability and well being of their employees. In their quest for self-aggrandizement, they were willing to lie, deceive and defraud investors.
People like Andrew Fastow (ENRON), Kenneth Ken Lay (ENRON) and Jeff Skilling (ENRON) were so entrenched in their desire to remain key players on the Whos Who list of powerful American CEOs that they became poster pin ups on Fortune Magazines list of Corporate Convicts.
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Source(s): Wikipedia: www.wikipedia.org : Fortune: The King of Home Equity Fraud : CNBC: American Greed - Hackers: Get Rich or Die Tryin
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Many job seekers wonder how being qualified can be a bad thing, but its a Catch-22 in todays upside down economy. They cant get hired for positions relevant to their experience so they apply for jobs at lower levels. The problem is that they cant get hired for those positions, either, because theyre overqualified.
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You will be bored and unmotivated The salary will be too low for you You will be unhappy You will leave the minute something better comes along You could possibly steal his/her job You wont be able to step down from a leadership role
While any of these reasons may be true given a particular circumstance that is often not the case.
Ageism is very much a part of the code for labeling someone as overqualified. Moreover, there are other less obvious reasons that a person is not being given a shot at a particular job. Despite the many remarkable strides that we have made in our society, Racism and Sexism are still unfortunately an integral aspect of the ongoing conversation about life in America. If a person of color or a female aspires to a position that reports into a white, male-dominated enterprise they may be told that they are overqualified for the job. While the classification suggests that the position is below the applicants skills, abilities and/or experience, very often it is not being withheld for those reasons. Rather, they are not being considered for this position because the corporations leadership is not comfortable with someone other than their core group of friends and associates (The Good Ol Boys Network) being placed in a position of authority equal to or above them. Basic, Fundamental Questions: Does a persons age or race impact their ability to perform in a role which is in line with their background (education, expertise, experience)? What does a persons sexuality have to do with their ability to understand and execute their responsibilities in a capacity for which they have been adequately trained? Can a person ever be overqualified to eat?
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HOUSEHOLD DATA Table A-2. Employment status of the civilian population by race, sex, and age
[Numbers in thousands]
Seasonally adjusted(1)
Dec. Employment status, race, sex, and age WHITE Civilian noninstitutional population 2009
Nov. 2010
Dec. 2010
Dec. 2009
Aug. 2010
Sept. 2010
Oct. 2010
Nov. 2010
Dec. 2010
191,628 192,641 Civilian labor force 124,344 124,735 Participation rate 64.9 Employed 113,416 114,254 Employment-population ratio 59.2 Unemployed 10,928 Unemployment rate 8.8 Not in labor force 67,284 Men, 20 years and over Civilian labor force 64,870 Participation rate 74.4 Employed 58,653 Employment-population ratio 67.2 Unemployed 6,217 Unemployment rate 9.6 Women, 20 years and over Civilian labor force 54,823 Participation rate 60.0 Employed 51,116 Employment-population ratio 55.9 Unemployed 3,707 Unemployment rate 6.8 Both sexes, 16 to 19 years Civilian labor force 4,651 Participation rate 35.9 35.2 4,506 7.2 3,960 55.7 51,195 60.0 55,155 8.6 5,583 67.7 59,492 74.1 65,074 67,907 8.4 10,481 59.3 64.7
192,749
191,628
192,245
192,391
192,527
192,641
192,749
124,309
124,703
125,358
125,333
124,914
124,824
124,700
64.5
65.1
65.2
65.1
64.9
64.8
64.7
114,035
113,439
114,457
114,433
113,975
113,728
114,079
59.2
59.2
59.5
59.5
59.2
59.0
59.2
10,274
11,264
10,901
10,899
10,940
11,096
10,620
8.3
9.0
8.7
8.7
8.8
8.9
8.5
68,439
66,925
66,887
67,058
67,612
67,817
68,049
64,978
64,884
65,571
65,579
65,215
65,088
65,041
73.9
74.4
74.8
74.8
74.3
74.1
74.0
59,280
58,846
59,720
59,759
59,425
59,137
59,484
67.4
67.5
68.2
68.1
67.7
67.3
67.7
5,698
6,038
5,850
5,820
5,790
5,951
5,557
8.8
9.3
8.9
8.9
8.9
9.1
8.5
54,927
54,817
54,878
54,961
54,846
54,953
54,914
59.7
59.9
59.8
59.8
59.7
59.7
59.7
51,261
50,771
50,989
51,000
50,835
50,817
50,920
55.7
55.5
55.6
55.5
55.3
55.2
55.3
3,667
4,046
3,889
3,961
4,012
4,136
3,994
6.7
7.4
7.1
7.2
7.3
7.5
7.3
4,404
5,002
4,910
4,793
4,853
4,783
4,746
34.4
38.6
38.2
37.3
37.8
37.3
37.1
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HOUSEHOLD DATA Table A-2. Employment status of the civilian population by race, sex, and age
[Numbers in thousands]
Seasonally adjusted(1)
Dec. Employment status, race, sex, and age Employed 3,647 Employment-population ratio 28.1 Unemployed 1,004 Unemployment rate 21.6 2009
Nov. 2010
Dec. 2010
Dec. 2009
Aug. 2010
Sept. 2010
Oct. 2010
Nov. 2010
Dec. 2010
3,568
3,494
3,822
3,747
3,674
3,715
3,775
3,676
27.9
27.3
29.5
29.2
28.6
29.0
29.5
28.7
938
910
1,180
1,162
1,119
1,138
1,008
1,070
20.8
20.7
23.6
23.7
23.3
23.4
21.1
22.5
BLACK OR AFRICAN AMERICAN Civilian noninstitutional population 28,437 Civilian labor force 17,484 Participation rate 61.5 Employed 14,759 Employment-population ratio 51.9 Unemployed 2,725 Unemployment rate 15.6 Not in labor force 10,953 Men, 20 years and over Civilian labor force 7,896 Participation rate 68.7 Employed 6,579 Employment-population ratio 57.3 Unemployed 1,317 Unemployment rate 16.7 Women, 20 years and over Civilian labor force 8,891 Participation rate 62.2 Employed 7,786 Employment-population ratio 54.5 Unemployed 1,105 Unemployment rate 12.4 Both sexes, 16 to 19 years Civilian labor force 698 Participation rate 26.2 24.9 23.4 27.9 25.7 23.1 26.5 26.3 24.6 657 615 744 682 611 700 693 648 13.0 12.5 13.1 13.2 12.7 12.8 13.1 13.2 1,203 1,143 1,170 1,203 1,152 1,176 1,211 1,211 55.4 55.0 54.5 54.7 54.9 55.2 55.2 55.0 8,035 7,998 7,783 7,911 7,948 7,998 8,017 7,993 63.6 62.9 62.7 63.1 62.9 63.3 63.6 63.3 9,238 9,141 8,953 9,114 9,101 9,173 9,228 9,204 15.7 16.4 16.8 17.2 17.4 16.2 16.6 16.5 1,269 1,321 1,331 1,389 1,405 1,309 1,346 1,341 58.2 57.6 57.4 57.4 57.1 57.8 57.6 57.6 6,815 6,758 6,588 6,691 6,661 6,763 6,753 6,764 69.0 68.8 68.9 69.3 69.1 69.0 69.1 69.1 8,084 8,079 7,919 8,080 8,066 8,072 8,099 8,106 10,886 11,061 10,822 10,879 11,017 10,885 10,845 10,939 15.4 15.2 16.2 16.2 16.1 15.7 16.0 15.8 2,772 2,715 2,856 2,904 2,857 2,818 2,878 2,839 52.7 52.3 51.9 52.1 51.8 52.5 52.5 52.3 15,206 15,120 14,760 14,972 14,920 15,127 15,142 15,119 62.3 61.7 61.9 62.2 61.7 62.2 62.4 62.1 17,979 17,835 17,616 17,876 17,777 17,946 18,020 17,958 28,865 28,896 28,437 28,755 28,794 28,831 28,865 28,896
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HOUSEHOLD DATA Table A-2. Employment status of the civilian population by race, sex, and age
[Numbers in thousands]
Seasonally adjusted(1)
Dec. Employment status, race, sex, and age Employed 394 Employment-population ratio 14.8 Unemployed 303 Unemployment rate 43.5 2009
Nov. 2010
Dec. 2010
Dec. 2009
Aug. 2010
Sept. 2010
Oct. 2010
Nov. 2010
Dec. 2010
356
365
389
370
310
366
372
361
13.5
13.9
14.6
14.0
11.7
13.9
14.1
13.7
301
250
355
312
300
334
321
287
45.8
40.7
47.7
45.7
49.2
47.7
46.3
44.2
ASIAN Civilian noninstitutional population 10,904 Civilian labor force 7,163 Participation rate 65.7 Employed 6,560 Employment-population ratio 60.2 Unemployed 602 Unemployment rate 8.4 Not in labor force 3,741 4,041 4,032 7.6 7.2 555 526 59.6 60.0 6,780 6,829 64.5 64.6 7,335 7,355 11,376 11,387 -
Footnotes (1) The population figures are not adjusted for seasonal variation; therefore, identical numbers appear in the unadjusted and seasonally adjusted columns. - Data not available. NOTE: Estimates for the above race groups will not sum to totals shown in table A-1 because data are not presented for all races. Updated population controls are introduced annually with the release of January data.
OBSERVATION(S): To ensure that we properly capture data about active participants in the job market, underemployed individuals and those who for any reason are not showing up on the Department of Labors radar, the Government can track our workforce by vetting information readily available through the US Department of Health & Human Services. With passage of appropriate legislation, the government will be even closer to capturing the under the table (cash) labor market. Furthermore, by using the proper relational database tools, the US government can perform comparative scenario iterations of Social Security Numbers (SSN) to ascertain a more accurate representation of the domestic workforce.
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Due to recent budget cuts and the cost of electricity, gas and oil, as well as current market conditions and the continued decline of the U.S. economy, The Light at the End of the Tunnel has been turned off. We apologize for the inconvenience.
Source: Unemployment in America Part II: By: Preston Williams, January 24, 2011
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Source: In Vallejo, A Municipal Bankruptcy Means Big Sacrifices For Ordinary Workers , The Huffington Post, January 31, 2011 First Posted: 01/31/11 08:14 AM Updated: 01/31/11 12:36 PM
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Biometric Signature ID focuses on providing this technology to Higher Education as well as State and Federal Agencies in the United States. Other companies like Life Lock represent new innovations for creating a viable arsenal of tools which can be used to guard the only thing that may be of true value regardless of your wealth, influence or political status your REPUTATION!
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-Submitted By:
Founder | Senior Partner & CIO GBC Global Services Information Technology Solutions Internet: http://www.gbc-inc.net Date: February 16, 2011
PrestonW
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