Why isn’t the job market improving at all if recession has ended and economic recovery is taking place?
December 13th, 2011 | 
Author: Question by abc: Why isn’t the job market improving at all if recession has ended and economic recovery is taking place?
Recession ended, June 2009. Wall street on a rally to climb higher and higher, retail stores like walmart, costco, kohl’s heavily packed. Banks making record profits. However, job market is stagnant and unemployment just keeps on rising. So has it been a jobless recovery? It is possible to have economic recovery without any job creation or unemployment reduction. Also many have said, “jobs are the last things to improve”. Well for me jobs are FIRST thing i want to see improve. I am not interested in dow jones rise or bank profits. If jobs are last thing to improve, then democrats are last ones to get my vote again. The “last thing to improve” argument doesn’t work well with me and i reject that.
i’m not lazy. i have bachelor of science in mathematics and working on systems engineering as second bachelor degree. but to tie me down with the x-box type kids would be an INSULT
Best answer:
Answer by Andy F.
Some people try to make the economy more mysterious than it really is.
A recession is defined as a period of declining total spending (or production; same thing). The total spending/production of the US has stopped declining, but it is growing so slowly that businesses can fulfill all their orders without hiring many more people, so unemployment stays high. The rate of growth in total spending/production will have to pick up quite a bit in order to begin to reduce unemployment. There is nothing out there indicating that this will happen for the foreseeable future, so unless and until something changes it looks like the unemployment rate will not be coming down for years.
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The total spending in the us stopped declining and has caught up to the amount we import but it is not rising fast enough for people to be employed. The whole thing contradicts itself. We can’t hire more people because even though the recession is over there isn’t enough money or demand for a product to actually get those people jobs. At the same time the economy can’t Increase because since people aren’t employed they can’t spend and if we don’t spend corporations don’t get money and chain reaction. The who thing sucks and the truth is it will take a while or a new demand in a sertain product to increase the economy
Recession might be over but it will take us much longer to recover (2 – 5 years). The jobs that were outsourced are mostly labor jobs that have been replaced by machines/technology or they are jobs now being done by workers who make $ 5 a month in india, cambodia, pakistan, africa, guatemala, mexico and china. Over 30% of the adult population in india has a graduate degree and they work for only $ 13,000 a year. You’ll be lucky to find an American (with a graduate degree) who will work for less than $ 75,000 a year in America.
In addition, foreign countries have a higher graduation rate amongst high school and college graduates. Their workforce is more educated, they work harder and for much less than the spoiled Americans do. Our 7 year olds want cell phones, wii, xbox, i phones, i pads and $ 100 concert tickets to see justin beiber. all the while our international counter parts don’t have these luxuries – they just want to put food on the table of their concrete floored shacks.
the recession has not ended but thats what they want you to think. This country is falling little by little.