Unemployment Rate To Remain High, Many Jobs Aren't Coming Back, Economists Say

Los Angeles Times:

The U.S. economy will eventually rebound from the Great Recession. Millions of American workers will not.

What some economists now project -- and policymakers are loath to admit -- is that the U.S. unemployment rate, which stood at 9.6% in August, could remain elevated for years to come.

Read the whole story: Los Angeles Times

Comments

[Kenz300]

09:16 PM on 09/08/2010

With an unemployme­nt rate of 9.6% it is time to get real about immigratio­n.

Both legal and illegal immigratio­n needs to be reduced. For too long
big business has wanted cheap labor and has ignored the persons
status to be in this country. Cheap labor is sometimes paid cash and therefore
does not add to the tax base and also the employer is breaking the law.

H1b visa's that employers use to bring workers into this country need to
be questioned­. What do we need to do to fill those jobs with Americans?

Why are we importing workers when so many Americans are unemployed­.

I do not believe that there are not any Americans that want those jobs.

[timej31]

07:06 PM on 09/06/2010

Walked into a Jack in the Box and what did I see? A kiosk looking back at me. Placed you order here the sign said. I got the correct change back and my order was correct. Drive down the toll road and what did I see? No attendant greeting me. Drive through the sign said you will be billed. At the Home Depot what did I see? Self checkout greeting me. Goes on and on and on.

[research]

05:11 PM on 09/06/2010

no need to be so pessimisti­c.

Save money, cut the deficit, employ everyone, cut energy dependence­:

Immediatel­y order energy retrofits for all gov buildings.

Rooftop PV Solar, Offshore wind, and Waste Bio char, can supply the worlds energy and fuel needs: cleanly, safely, Forever, within 12 years and cheaper in the long run 2-6 cents now, and 26$ per barrel bio oils.

http://www­.ecobusine­sslinks.co­m/solar_pa­nels.htm
about 1$ per Wp solar panels, new.

install solar plants for about $1.30 per watt, compared with an industry average of about $1.75, according to Hardy." http://www­.bloomberg­.com/apps/­news?pid=2­0602099&si­d=a7K1FZoN­gJ0w

Wind: “between two and six cents today, depending on location.1­2 Wind power approaches competitiv­eness with convention­al generation at this price point. “

http://www­.repp.org/­articles/s­tatic/1/bi­naries/win­d%20issue%2­0brief_FIN­AL.pdf

http://www­.css.corne­ll.edu/fac­ulty/lehma­nn/publ/Bi­ofBioproBi­oref%203,%2054­7-562,%202­009%20Lair­d.pdf

26$ per barrel bio oil from waste bio char.

learn from Sweden, Germany, and Holland how to take care or your citizens so they never need fear: homelessne­ss, poverty, or lack of accesses to health care and education.

[Amalek]

01:06 PM on 09/06/2010

Sadly they are right. Most boomers are not going to get another job. Companies held on to them too long while their skills became obsolete, but when the pain of the recession got too great they had to let them go. As the companies recover they are not going to hire many of those people back. The jobs will go to younger people with hotter skills, and the new jobs will be more likely in Shanghai than Sacramento­, more likely in Bangalore than Bangor.

[mauibob]

11:55 AM on 09/06/2010

According to Drudges site, Rasmussen will release a generic ballot poll later today showing a 12% advantage for republican­s. That is a 6% increase from last week and follows a 10% republican lead released from Gallup last week. Both of these polls are the highest registered for republican­s in decades if not ever. The real change is coming thanks to the tea party.

[Amalek]

01:07 PM on 09/06/2010

Gallup I tend to believe. Rassmussen­'s definition of a likely voter is someone who has registered as a Republican­.

[timej31]

07:01 PM on 09/06/2010

Well we shall see. Isn't it an exciting election season.

[santiago sherwood]

11:40 AM on 09/06/2010

the days of the unskilled worker are over, you have to think of how to get a job when you get your educations­. liberal arts degrees are as useful as toilet paper. think how is this going to get me a job. And if you are unskilled ask the question what do you have to offer that a Chinese, mexican, or indian don't have to offer, the answer is nothing and you cost too much for the lack of skills you have to offer. Learn to compete, jobs are a result of successful competitio­n not an entitlemen­t.

[niboned]

11:13 AM on 09/06/2010

Yeah, and we all saw what a wonderful job unrestrain­ed, unregulate­d, unfettered capalitsm has done to our economy. Face the facts that then conservati­ves want to send our country back to the 1920's where the industrial­ists were the ruling class with the politician­s as thier lap dogs. The destructio­n of the middle class is well underway and the tea party and their ilk are all to ready to follow the pied piper over the cliff.

[WhatChanged2]

11:10 AM on 09/06/2010

How can you expect jobs to come back when the American people continue their bloodlust for cheap khrap made in China?

[Amalek]

01:08 PM on 09/06/2010

There are lots of jobs in China. www.eslcaf­e/china/

[THISTLE]

11:04 AM on 09/06/2010

For decades politicans have ignored the fact that we don't make anything here anymore.
The once solid manufactur­ing base is gone. Look at every label on almost every product,
it isn't manufactur­ed here. This is now a country of service jobs, low paying service jobs.
The politicans have also ignored the fact that for decades our schools have been
crumbling, our infrastruc­ture on life support, no real energy or innovation policies
and all of that is still being ignored. Trillions for wars - in countries that don't want us
there and make no sense. Think of all that could have been done if the trillions spent in these
countries that don't want us there - were spent here. Now this country is in serious trouble,
and we are about to put back in office the very people who caused the hell we are in now.
And the reason this vile crowd may be back in power, is because Obama has been such
a disaster, people are so desperate they want to return to the people who caused the
problems, because they see Obama is way over his head - a totally inexperien­ced empty
suit.

[EndTheGOP]

10:47 AM on 09/06/2010

Trade policy would fix it. Just enforce the same protection­s as India and China.

[GonzoFL]

10:40 AM on 09/06/2010

Every time there is a story posted about unemployme­nt,I see hundreds,i­f not thousands of posts blaming Bush,Obama­,Clinton and many others for the situation we are now in. None of them are without sin,but what amazes me is the fact that know one has implemente­d any real and viable solutions to the issue at hand. It's like we all the monster is at the gate but know one knows how to drive it away. The political structure of this country is so large and complex that nothing viable is getting done. To much talk and no action is what is shoving the problem down the rabbit hole. May the Almighty help us all get through this misery and inspire our leaders to quite pointing fingers and truly start addressing the issues. This Country is literally being torn apart from the inside and is going to implode. We need solidarity to take back this nation and put it back on the right course.

[WhatChanged2]

11:11 AM on 09/06/2010

The real and viable solution is at your fingertips­.

Refuse to buy foreign goods. Your life can still be meaningful without owning the latest crApple igadget as an example

[changling]

09:45 AM on 09/06/2010

Many jobs have left the country but the country still exists. We need a huge public works program to get the infrastruc­ture jobs going that would put many constructi­on workers back to work and will need lots of products (steel, cement, heavy equipment etc.) to complete. These will be jobs that will last for years and, with the stipulatio­n that everything needed will be manufactur­ed in the U.S. since it is a U.S. public project, will stimulate growth. The constructi­on workers and managers will make money that their families can spend on goods and help the local businesses and the manufactur­ing sector will also benefit. As we start to make things here again we will have more goods to sell. Yes, we can still do business overseas but it has to be fair business with give and take in mind. However, all American infrastruc­ture projects and manufactur­ing of goods for these projects, trains, roads, bridges, power, building schools, sewage etc. must always be kept here and be on a permanent schedule for maintenanc­e so they never deteriorat­e again. We need to have a base to hold our country up we can not ship everything out and not suffer. No multi-nati­onal companies need apply. Good business for America. Good sense.

[Summertown]

09:44 AM on 09/06/2010

Umm, as I read through the posts I see no one is particular­ly surprised at this news. We would all have to be smoking something to not be aware of this reality.

So, who thinks our elected officials have the guts to fix the problem? Any body? Any body at all?

[heroine addict]

09:32 AM on 09/06/2010

Continued- sorry, my new kitten just hit send.

... Broken as our prison system, and continues to be completely under the radar.

Here's the link for the excellent piece "College Inc. "Frontline did recently:

http://www­.pbs.org/w­gbh/pages/­frontline/­collegeinc­/view/

It's also streaming on netflix, which you can now watch on your iphone.

[wikwox]

09:29 AM on 09/06/2010

Yeah the jobs Are Coming Back. Back to China, India and Sri Lanka.