Worry About Unemployment Surges

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from 24/7WallStreet:



Worry About Unemployment Surges
Posted: September 15, 2011 at 6:03 am





Americans can see the writing on the wall. The economy is no longer creating new jobs. August unemployment was flat. Private sector job additions have slowed to a few thousand a month. These factors will sap whatever optimism might have come from the brief economic recovery late last year and early this one.

Gallup shows in a recent poll that “Thirty-nine percent of Americans in September name unemployment or jobs as the most important problem facing the country, up from 29% in August. Unemployment has now passed ‘the economy’ as the most frequently mentioned issue.”

The data indicate that, even with a bitter battle in Washington, the federal budget deficit has become less and less important to many Americans. The trouble that Congress and the Administration have had with tax cut resolutions and a jobs bill will trigger worse employment opportunities, many people seem to think.

The shift toward concerns about jobs is an acknowledgement a new recession has begun. Americans probably count jobs as the best measure of the economy. It is their most immediate way to analyze their ability to live with even the basics paid for — food, housing and energy. More than 16 million Americans are out of work. Many people must ask, if the economy takes a sharp dip, will they join the lines of the unemployed. ...........(more)

The complete piece is at: http://247wallst.com/2011/09/15/worry-about-unemployment-surges/#ixzz1Y1c6kq3M