|U.S. Employers Continue to Shed
Jobs as Millions of America’s
Look for Work
Friday’s report “adds to the evidence that the recovery is losing what little forward momentum it had,” said Paul Ashworth, senior U.S. economist for research consultancy Capital Economics to Huffington Post. “The budget pressures on state and local governments aren’t going to ease for a while yet, so further public sector job losses should be expected. The gain in private payrolls was better than we had feared after the release of… [a report] earlier this week, but it was still nothing to cheer about.”
“The unemployment rate will likely rise to 10 percent at the beginning of next year, Diane C. Swonk, chief economist at Mesirow Financial, said Friday on CNBC noted on Huffington Post.
“Without knowing how much it is going to cost and how we’re going to pay for it, while we’re all certainly sympathetic and want to work to make people go back to work — my home state of Florida certainly suffering with very high unemployment — we need to know how we’re going to pay for it so we don’t put this debt on our children and grandchildren,” Senator LeMieux stated to the Huffington Post.
“If they stop any change from happening in people lives, that somehow they would have benefited from that; that we would have failed. But it has been painful show”, Senator Stabenow cited. “As you said that we now have some 400 pieces of legislation many of them directly related to jobs that are being held up. And so the question is, how do we communicate that so that people who’s been trying to move the country forward and who been trying to move it back”, the Senator noted.
“Why not use government policy to directly create jobs — labor-intensive service jobs in fields like education, public health and safety, urban infrastructure maintenance, youth programs, elder care, conservation, arts and letters, and scientific research?
Would this be an effective use of resources? From the standpoint of economic theory, government expenditures in such areas often provide benefits that are not being produced by the market economy.”
“If the private sector can’t put people back to work, then the public sector must,” reasons the Economic Policy Institute. As part of its five-point plan to stem the unemployment crisis, the progressive group calls for spending $40 billion per year for three years on a public service jobs that would put one million people back to work. Among the details:
During the first six to nine months, the program would fund fast-track jobs. Projects would be limited to a discrete list of activities in order to allow for quick implementation and large-scale employment. This fast-track authority should be carefully defined to prevent abuses. It should be limited to four areas that reflect national priorities and demonstrate a high potential impact for aggregate job creation: neighborhood/community improvement, child health and development, access to public services, and public safety.
Fast-track jobs might include, for example:
• cleaning up of abandoned and vacant properties to alleviate blight in distressed and foreclosure-affected neighborhoods;
• staffing emergency food programs to reduce hunger and promote family stability;
• working in Head Start, child care, and other early childhood education programs to promote school readiness and early literacy;
• renovating and maintaining parks, playgrounds, and other public spaces.”