Let Us Talk

October 4, 2008

Economic Pain: 159,000 Jobs Lost In September. Obama Will Be BEST Protector of Middle Class

 Can you or your family afford to lose a job next week or next month? Barack Obama will be best protector of our economy which is in the middle of the worst financial crisis since the Great Depression.

“John McCain doesn’t seem to understand that this crisis isn’t two weeks old,” Ohio Governor Ted Strickland said earlier today in the Democratic Party’s address. “Maybe he doesn’t realize that we’ve lost jobs every month this year. He hasn’t said one thing he’d do to make his economy look any different than George Bush’s economy.”

 
Labor Department figures released on Friday shows that the U.S. lost 159,000 jobs in September, the most in five years! The jobless rate was unchanged from August at 6.1 percent but up from 5 percent as recently as April.
 
September’s unemployment data followed a 73,000 decline in jobs during August and showed that America’s economy – the world’s largest economy – may be headed for bigger job losses as consumers and companies cut back and economize on just about everything.

Obama strongly supports an economic recovery package. Following Friday’s jobs report, Obama said:

“Instead of Sen. McCain’s plan to give tax breaks to CEOs and companies that ship jobs overseas, I will rebuild the middle-class and create millions of new jobs by investing in infrastructure and renewable energy that will reduce our dependence on oil from the Middle East. I also call on Congress to pass an immediate rescue plan for our middle-class that will provide tax relief, save one million jobs, and save our local communities from harmful budget cuts and painful tax increases.”

McCain opposes a stimulus package for working families and did not take part in the Senate vote on the first stimulus bill last spring.

As bad as the new jobs data are, the underlying picture is even worst because the number of long-term unemployed workers (those jobless for more than six months and may have stopped looking for work) grew to 2 million in September, an increase of 728,000 over the past 12 months.

Senator Obama would create 2 million new jobs by investing in rebuilding crumbling infrastructure, roads, bridges, and schools, Strickland said. He would give tax breaks to companies that create jobs in America, he said.

Obama yesterday criticized Governor Palin for saying in the vice-presidential debate Democratic economic policies would “kill jobs.”

“When Senator McCain and his running mate talk about job killing, that’s something they know a thing or two about,” Obama said yesterday at a rally outside Philadelphia. “Because the policies they’re supporting are killing jobs every single day.”

Earlier in September, a Bloomberg/Los Angeles Times poll showed more respondents said Obama would do a better job handling the financial crisis than McCain, and almost half of the voters said they believed he had better ideas to strengthen the economy than McCain does.

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Advertisements

5 Comments »

  1. Despite the stats, I still see high paying jobs posted on employment sites –

    http://www.linkedin.com (networking)
    http://www.indeed.com (aggregated listings)
    http://www.realmatch.com (matches you to jobs)

    good luck to those searching jobs.

    Comment by Mark — October 4, 2008 @ 6:00 pm | Reply

  2. Thanks Mark – you rock!!!

    Comment by Paulette — October 4, 2008 @ 6:29 pm | Reply

  3. recently I found a site that can get you the average job search lead time if any one intrested check the link below to see how long it will take to find a job with your skills .This site is a simple amazing example of how web networking can help to get a good handle on job search.

    http://www.crootpad.com/HowLongFindAJob.aspx

    feel free to click the link To get a feel for the job search time to your specific job skills.
    Or
    to Share your lead time – If you have recently changed jobs kindly share your lead time to help many others.

    Comment by Rijo — October 5, 2008 @ 9:53 am | Reply

  4. Thanks Rijo – you are sharing very important information with us. I truly hope it helps many.

    To all reading this, please forward the link http://www.crootpad.com/HowLongFindAJob.aspx to everyone you know who is looking for a job.

    Thanks Rijo and thanks everyone!!!

    Comment by Paulette — October 5, 2008 @ 10:31 am | Reply

  5. Great resources! I was able to apply for a job and get some good leads.

    Comment by Rowena — October 9, 2008 @ 12:20 am | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: