For example: "a survey of 1,123 manufacturing executives released last year found that 67% of companies had a moderate to severe shortage of available, qualified workers. The report estimated 600,000 jobs nationwide were going unfilled because of a lack of qualified candidates" (Coyne 2012)
Low-skilled manufacturing jobs are being outsourced or are now able to be performed with technology. Only low-paying jobs on the retail level that do not pay a living wage are left "or professional jobs that require specific technical skills with too few people to fill them" (Hasham 2012)
We currently have more than 5,000 openings, tech job openings in San Diego, that we can't fill. There is a severe shortage" noted one California research group (Koba 2012)
Graduates who studied health or education, however, both have unemployment rates of only 5.4%" (Supiano 2012)
9% today. Unemployment Rate in North Carolina as Compared to the Nation North Carolina National (Fisher, 2012) Fisher (2012) asserts that the reason North Carolina's unemployment rate is significantly higher than the national rate is due to its reliance on the manufacturing industry, much of which has been outsourced overseas
For instance, unemployment is higher in January and February, when it is cold in many parts of the country and as a result employment in agriculture, construction, and other seasonal industries is curtailed. In June, both employment and unemployment rise, when students enter the labor force in search of summer jobs (Koba, 2012)
What is curious about this is that other states that have automotive industries have experienced lesser problems as a result of the fact that American car sales have gone down. Michigan "is still by far the leading state in terms of auto industry employment, but experienced a decline of at least 125,000 employees between 1979 and 2003 in automotive-related industries" (Cooney & Yacobucci 54)
The fact that the state holds a great deal of indigenous tribes means that many are unable to integrate the social order because they cling on to cultural values. As a result, it is difficult for some to get jobs and to take on attitudes similar to other non-native individuals living in their community (Gaquin & Dunn 160)
The fact that the number of jobs in Detroit has gone down significantly also influenced many individuals to express lesser interest in educational institutes, considering that they came to consider that it would be pointless for them to learn as long as they had nowhere to work consequent to the moment when they finished learning. "The Detroit, Michigan drop-out rate among black males is 50%, the Detroit unemployment rate among black males is 50%" (Kill 145)
The fact that Detroit is generally considered to be synonymous with the American automotive industry makes it possible for individuals to gain a better understanding of why unemployment rates in the city are currently much higher when compared to unemployment rates in the rest of the country. "As recently as the mid-twentieth century, two thirds of the nation's auto industry jobs were in Michigan" (Klier & Rubenstein 29)
In response to being close to bankruptcy, big auto makers decided to cut costs at the behest of Detroit's automotive workforce by shipping thousands of automotive jobs overseas. Thus, the American job market suffered at the cost of the "Big Three strategy of decentralization" (Feeley, 2011)
Rising gas prices in the midst of a recession that hit automotive makers extremely hard. Here, the research suggests that "increases in the price of oil can lower the demand for automobiles" (Klier & Patton, 2012)
Now, GM has been forced to 'shed' thousands of jobs in Michigan as a part of its bankruptcy proceedings. For example, one Pontiac Assembly plant in Pontiac, Michigan, "was running three consecutive eight-hour shifts, employing 3,000 people and making 1,300 trucks a day," in 2003, but in the summer of 2009, the plant had only 600 workers and "was running just one shift" (Mahler 2009, p
8 million of the estimated 13.2 million unemployed were collecting unemployment insurance (Hagenbaugh)
The Congressional Budget Office had concluded that payroll tax cuts were the most cost-effective way to increase hiring. Obama coupled this tax cut approach with tax credits for businesses who hired new employees as well as reimbursing them for Social Security taxes up to $500,000 (Chan)
The Republicans in Congress would have much preferred to distribute the funds almost exclusively through tax breaks for businesses and individuals. Altogether, the cost of this plan was $825 billion and the Obama team projected that it would save or create up to four million jobs (Wolf)
By the President's reckoning, the unemployment rate should have been below seven percent by now with the stimulus money in full effect. In fact, even without any stimulus, the unemployment rate was projected to be under eight percent by now, more than a full point lower than it has been with the stimulus (Blodget)