Saturday, July 30, 2011

UNEMPLOYMENT IN MEXICO UNDER 6% - IN PARTS OF MEXICAN OCCUPIED CA NEARLY 30%

http://mexicanoccupation.blogspot.com/2011/07/unemployment-in-mexico-under-6-in.html


UNEMPLOYMENT RATE FOR MEXICANS IN THEIR OWN COUNTRY IS UNDER 6%, WHILE IN SOME COUNTIES OF CA, PARTICULARLY THOSE UNDER THE HEAVIEST MEX OCCUPATION, HAVE UNEMPLOYMENT HOVERING AROUND 30%.

OBAMA HAS JUST ANNOUNCE ONE OF HIS J.P. MORGAN BANKSTER DONORS AS CHIEF OF STAFF. DAILY IS A LOUD PROPONENT OF OPEN BORDERS = DEPRESSED WAGES. THERE IS A REASON WHY MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO LA RAZA – THE MEX FASCIST PARTY of AMERICA!

WE ARE MEXICO’S WELFARE, FREE BIRTHING CENTERS, JAILS AND JOBS PROGRAM!

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THERE ARE ONLY EIGHT STATES WITH A POPULATION GREATER THAN LOS ANGELES COUNTY, WHERE 50% OF THOSE WITH A JOB ARE ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS. THAT COUNTY ALSO PAYS OUT $600 MILLION IN WELFARE TO ILLEGALS, AND HAS A TAX-FREE MEX UNDERGROUND ECONOMY CALCULATED TO BE MORE THAN $2 BILLION PER YEAR! WANT TO TALK ABOUT MEX GANGS IN L.A. COUNTY? THEY COST BILLIONS ALSO!
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Unemployment rate in Mexico (is what???)
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Date: 2011-01-02, 1:31AM PST
Reply To This Post
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The unemployment rate in Mexico was last reported at 5.6 percent in November of 2010. From 2000 until 2010, Mexico's Unemployment Rate averaged 3.45 percent reaching an historical high of 5.93 percent in May of 2009 and a record low of 2.22 percent in November of 2002. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalised and those serving in the military.

Right. Because they're here in the USA.
• Location: is what???
• it's NOT ok to contact this poster with services or other commercial interests


PostingID: 2139456445

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MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO LA RAZA – THE MEXICAN FASCIST POLITICAL PARTY. THESE FIGURES ARE DATE. CNN CALCULATES THAT WAGES ARE DEPRESSED $300 - $400 BILLION PER YEAR!

“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually in depressed wages caused by the constant flooding of the labor market at the low-wage end.” Christian Science Monitor
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“What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” ….. CHRISTIAN SCIENCE MONITOR



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SINCE 2005, HOW MANY MILLIONS OF ILLEGALS HAVE CLIMBER OUR BORDERS OR CRAWLED UNDER THEM IN TUNNELS, AND ENDED UP RIGHT IN ONE OF OUR JOBS???

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December 7, 2005

Most Mexican Immigrants in New Study Gave Up Jobs to Take Their Chances in U.S.


By NINA BERNSTEIN

A report about the work lives of recent Mexican immigrants in seven cities across the United States suggests that they typically traded jobs in Mexico for the prospect of work here, despite serious bouts of unemployment, job instability and poor wages.
The report, released Tuesday by the Pew Hispanic Center, was based on surveys of nearly 5,000 Mexicans, most of them here illegally.
Those surveyed were seeking identity documents at Mexican consulates in New York, Atlanta and Raleigh, N.C., where recent arrivals have gravitated toward construction, hotel and restaurant jobs, and in Dallas, Chicago, Los Angeles, and Fresno, Calif., where they have been more likely to work in agriculture and manufacturing.
Unlike the stereotype of jobless Mexicans heading north, most of the immigrants had been employed in Mexico, the report found.
Once in the United States, they soon found that their illegal status was no barrier to being hired here. And though the jobs they landed, typically with help from relatives, were often unstable and their median earnings only $300 a week, that was enough to keep drawing newcomers because wages here far exceeded those in Mexico.
Among respondents to the survey, those who settled in Atlanta and Dallas were the best off, with 56 percent in each city receiving a weekly wage higher than the $300-a-week median. The worst off were in Fresno, where more than half of the survey respondents worked in agriculture and 60 percent reported earning less than $300 a week. The lowest wages were reported by women, people who spoke little or no English, and those without identification.
To some scholars of immigration, the report underlines the lack of incentives for employers to turn to a guest worker program like the one proposed by President Bush because their needs are met cheaply by illegal workers - and all without paperwork or long-term commitment.
Guest workers might instead appeal to corporations like Wal-Mart, the scholars said, where service jobs are now the target of union organizing drives.
"You can't plausibly argue that immigrant-dominated sectors have a labor shortage," said Robert Courtney Smith, a sociologist and author of "Mexican New York: Transnational Lives of New Immigrants." Instead, he said, the report and evidence of falling wages among Mexican immigrants over time point to an oversupply of vulnerable workers competing with each other.
But Brendan Flanagan, a spokesman for the National Restaurant Association, which supports a guest worker program, disagreed. "In many places it is difficult to fill jobs with domestic workers," Mr. Flanagan said. "We've seen a simple lack of applicants, regardless of what wage is offered."
Although the survey, conducted from July 2004 to January 2005, was not random or weighted to represent all Mexican immigrants, it offers a close look at a usually elusive population.
Those surveyed were not questioned directly about their immigration status, but they were asked whether they had any photo identification issued by a government agency in the United States. Slightly more than half over all, and 75 percent in New York, said they did not.
The migration is part of a historic restructuring of the Mexican economy comparable to America's industrial revolution, said Kathleen Newland, director of the Migration Policy Institute, a research organization based in Washington.
The institute released its own report on Tuesday, arguing that border enforcement efforts have failed. Workplace enforcement, which has been neglected, would be a crucial part of making a guest worker program successful.
For now, Mexicans keep arriving illegally.

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What Illegals get for free from us..... (what do you get for free?)
Take, for example, an illegal alien with a wife and five children. He takes a job for $5.00 or 6.00/hour. At that wage, with six dependents, he pays no income tax, yet at the end of the year, if he files an Income Tax Return, he gets an "earned income credit" of up to $3,200 free.

He gets $518.00 each month for each child born in the USA until that child reaches 18....

He qualifies for Section 8 housing and subsidized rent.

He qualifies for food stamps.

He qualifies for free (no deductible, no co-pay) health care.

His children get free breakfasts and lunches at school...often the mother brings other children not in the school along for the free breakfast...

He requires bilingual teachers and books.

He gets free bus transportation to and from school....we have to pay upwards of $300.00 per year for our children to ride the bus...

He qualifies for relief from high energy bills.

If they are, or become, aged, blind or disabled , they qualify for SSI. If qualified for SSI they can qualify for Medicaid. All of this is at the expense of the American taxpayer.

He doesn't worry about car insurance, life insurance, or homeowners insurance. And in California they do not smog their cars so the air is polluted by over a million more cars

Taxpayers provide Spanish language signs, bulletins and printed material.

He and his family receive the equivalent of $20.00 to $30.00/hour in benefits.

Working Americans are lucky to have $5.00 or $6.00/hour left after paying their bills and his.

Worst of all is this....if this illegal gets amnesty he can bring up to 90 of his relatives into the states to leech even more from the tax payers....if they are elderly they qualify for Social Security benefits without paying a dime into the system...

Cheap labor? YEAH, RIGHT!

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MEXICANOCCUPATION.blogspot.com

EXPORTING POVERTY... we take MEXICO'S 38 million poor, illiterate, criminal and frequently pregnant

........ where can we send AMERICA'S poor?


The Mexican Invasion................................................
Mexico prefers to export its poor, not uplift them

March 30, 2006 edition

http://www.csmonitor.com/2006/0330/p09s02-coop.html

Mexico prefers to export its poor, not uplift them
At this week's summit, failed reforms under Fox should be the issue, not US actions.

By George W. Grayson WILLIAMSBURG, VA.

At the parleys this week with his US and Canadian counterparts in Cancún, Mexican President Vicente Fox will press for more opportunities for his countrymen north of the Rio Grande. Specifically, he will argue for additional visas for Mexicans to enter the United States and Canada, the expansion of guest-worker schemes, and the "regularization" of illegal immigrants who reside throughout the continent. In a recent interview with CNN, the Mexican chief executive excoriated as "undemocratic" the extension of a wall on the US-Mexico border and called for the "orderly, safe, and legal" northbound flow of Mexicans, many of whom come from his home state of Guanajuato. Mexican legislators share Mr. Fox's goals. Silvia Hernández Enriquez, head of the Senate Committee on Foreign Relations for North America, recently emphasized that the solution to the "structural phenomenon" of unlawful migration lies not with "walls or militarization" but with "understanding, cooperation, and joint responsibility." Such rhetoric would be more convincing if Mexican officials were making a good faith effort to uplift the 50 percent of their 106 million people who live in poverty. To his credit, Fox's "Opportunities" initiative has improved slightly the plight of the poorest of the poor. Still, neither he nor Mexico's lawmakers have advanced measures that would spur sustained growth, improve the quality of the workforce, curb unemployment, and obviate the flight of Mexicans abroad. Indeed, Mexico's leaders have turned hypocrisy from an art form into an exact science as they shirk their obligations to fellow citizens, while decrying efforts by the US senators and representatives to crack down on illegal immigration at the border and the workplace. What are some examples of this failure of responsibility? • When oil revenues are excluded, Mexico raises the equivalent of only 9 percent of its gross domestic product in taxes - a figure roughly equivalent to that of Haiti and far below the level of major Latin American nations. Not only is Mexico's collection rate ridiculously low, its fiscal regime is riddled with loopholes and exemptions, giving rise to widespread evasion. Congress has rebuffed efforts to reform the system. Insufficient revenues mean that Mexico spends relatively little on two key elements of social mobility: Education commands just 5.3 percent of its GDP and healthcare only 6.10 percent, according to the World Bank's last comparative study. • A venal, "come-back-tomorrow" bureaucracy explains the 58 days it takes to open a business in Mexico compared with three days in Canada, five days in the US, nine days in Jamaica, and 27 days in Chile. Mexico's private sector estimates that 34 percent of the firms in the country made "extra official" payments to functionaries and legislators in 2004. These bribes totaled $11.2 billion and equaled 12 percent of GDP. • Transparency International, a nongovernmental organization, placed Mexico in a tie with Ghana, Panama, Peru, and Turkey for 65th among 158 countries surveyed for corruption. • Economic competition is constrained by the presence of inefficient, overstaffed state oil and electricity monopolies, as well as a small number of private corporations - closely linked to government big shots - that control telecommunications, television, food processing, transportation, construction, and cement. Politicians who talk about, much less propose, trust-busting measures are as rare as a snowfall in the Sonoran Desert. Geography, self-interests, and humanitarian concerns require North America's neighbors to cooperate on myriad issues, not the least of which is immigration. However, Mexico's power brokers have failed to make the difficult decisions necessary to use their nation's bountiful wealth to benefit the masses. Washington and Ottawa have every right to insist that Mexico's pampered elite act responsibly, rather than expecting US and Canadian taxpayers to shoulder burdens Mexico should assume.
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INVASION PROSPECTS IN 2009
Judicial Watch
Mexicans Say Amnesty Will Boost Illegal Immigration
last Updated: Wed, 10/14/2009 - 3:02pm
If President Obama keeps his promise of giving the nation’s 12 million illegal aliens amnesty it will encourage more Mexicans to enter the United States, according to residents of the struggling Latin American country who are undoubtedly rooting for the commander-in-chief’s plan.
The majority of illegal immigrants in the U.S. are from Mexico therefore the president’s reprieve project will greatly affect that nation. Two-thirds of Mexicans say they know someone living in the United States and around one-third have an immediate member of their household or close relative living in the U.S.
A majority of those residing south of the border say legalizing their undocumented countrymen will inspire more Mexicans to head north, according to a recent survey conducted by an internationally known polling and market research company. A vast majority of Mexicans with a relative in the United States said a legalization program would make people they know more likely to go to America illegally.
The results of the survey were made public this week by a research organization dedicated to studying the economic, social, fiscal and demographic impacts of immigration in the U.S. It reveals that nearly one-third of Mexican residents (nearly 40 million people) would like to live in the U.S. and if there was an amnesty a large number would come illegally with the hope of qualifying for a future exoneration.
An amnesty, therefore, would stimulate more illegal immigration which is the last thing this country needs. Furthermore, rewarding those who have violated our nation’s laws with coveted U.S. residency and possibly citizenship demeans the system, especially for those who follow the appropriate steps to come lawfully.
It’s bad enough that U.S. taxpayers annually dish out billions of dollars to educate, medically treat and incarcerate illegal aliens who are, in many cases, depleting local governments. Los Angeles County alone spends more than $1 billion a year, including $48 million a month in welfare costs, to provide services for illegal aliens. The crisis is hardly limited to border states, which have traditionally been the most impacted. Georgia’s skyrocketing illegal population costs taxpayers nearly $2 billion a year.

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ILLEGAL ALIEN POPULATION MAY BE AS HIGH AS 38 MILLION
Study: Illegal alien population may be as high as 38 million A new report finds the Homeland Security Department "grossly underestimates" the number of illegal aliens living in the U.S. Homeland Security's Office of Immigration Studies released a report August 31 that estimates the number of illegal aliens residing in the U.S. is between 8 and 12 million. But the group Californians for Population Stabilization, or CAPS, has unveiled a report estimating the illegal population is actually between 20 and 38 million. Four experts, all of whom contributed to the study prepared by CAPS, discussed their findings at a news conference at the National Press Club in Washington Wednesday. James Walsh, a former associate general counsel of the Immigration and Naturalization Service, said he is "appalled" that the Bush administration, lawyers on the Senate Judiciary Committee, and every Democratic presidential candidate, with the exception of Joe Biden, have no problem with sanctuary cities for illegal aliens. "Ladies and gentlemen, the sanctuary cities and the people that support them are violating the laws of the United States of America. They're violating 8 USC section 1324 and 1325, which is a felony -- [it's] a felony to aid, support, transport, shield, harbor illegal aliens," Walsh stated. Walsh said his analysis indicating there are 38 million illegal aliens in the U.S. was calculated using the conservative estimate of three illegal immigrants entering the U.S. for each one apprehended. According to Walsh, "In the United States, immigration is in a state of anarchy -- not chaos, but anarchy."
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THE CHRISTIAN SCIENCE MONITOR

Immigration bill sticker shock $127 BILLION (dated)
A government study puts the cost of the Senate's version of reform at $127 billion over 10 years.

By Gail Russell Chaddock - Staff writer of The Christian Science Monitor
WASHINGTON
The price tag for comprehensive immigration reform was not a key issue when the Senate passed its bill last May. But it is now.
One reason: It took the Congressional Budget Office (CBO) - the gold standard for determining what a bill will cost - until last week to estimate that federal spending for this vast and complex bill would hit $127 billion over the next 10 years.
At the same time, federal revenues would drop by about $79 billion, according to the CBO and the Joint Committee on Taxation. If lawmakers fix a tax glitch, that loss would be cut in half, they add.
In field hearings across the nation this month, House GOP leaders are zeroing in on the costs of the Senate bill. It's a bid to define the issue heading into fall elections and muster support for the House bill, which focuses on border security. They say that the more people know about the Senate version, including a path to citizenship for some 11 million people now in the country illegally, the less they will be inclined to support it.

“WE ARE NOW JUST BEGINNING TO SEE A GLIMPSE OF THE STAGGERING BURDEN ON AMERICAN TAXPAYERS” OF THE MEXICAN INVASION.......
"We are now just beginning to see a glimpse of the staggering burden on American taxpayers the Reid-Kennedy immigration legislation contains," said House Judiciary Committee Chairman James Sensenbrenner, who convened a field hearing at the State House in Concord, N.H., Thursday on the costs of the Senate bill.
But business groups and others backing the Senate bill say that the cost to the US economy of not resolving the status of illegal immigrants and expanding guest-worker programs is higher still. "In my opinion, the fairer question is: How will illegal immigrants impact the costs of healthcare, local education, and social services without passage of comprehensive immigration reform?" said John Young, co-chairman of the Agriculture Coalition for Immigration Reform, at Thursday's hearing.
"Had we solved this problem in a truly comprehensive way in 1986 ... we would not have the daily news reporting outright shortages of farm labor threatening the very existence of agricultural industries coast to coast," he adds.


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MEXICANOCCUPATION.blogspot.com
Experts are poring over the new CBO data - and coming up with radically different assessments of the social costs of reform, ranging from tens of billions of dollars higher to a net wash.
On the issue of border security - a feature in both bills - there is little disagreement. The CBO estimates that the cost of hardening US borders in the Senate bill is $78.3 billion over 10 years, or about 62 percent of the bill's total cost.
The fireworks involve new entitlement spending in the Senate version. The CBO sets the price tag for services for some 16 million new citizens and guest workers at $48.4 billion through fiscal year 2016. That includes $24.5 billion for earned income and child tax credits, $11.7 billion for Medicaid, $5.2 billion for Social Security, $3.7 billion for Medicare, and $2.4 billion for food stamps.
But it's easier to estimate the cost of a mile of fence than to assess the prospects for millions of workers, once they can work legally and claim benefits.

“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION OF THE WELFARE SYSTEM IN THE LAST 25 YEARS” Heritage Foundation
"The amnesty alone will be the largest expansion of the welfare system in the last 25 years," says Robert Rector, a senior analyst at the Heritage Foundation, and a witness at a House Judiciary Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to hit their peak around 2021, because there are delays in citizenship. The very narrow time horizon [the CBO is] using is misleading," he adds. "If even a small fraction of those who come into the country stay and get on Medicaid, you're looking at costs of $20 billion or $30 billion per year."

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“What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” CHRISTIAN SCIENCE MONITOR

CHRISTIAN SCIENCE MONITOR

WHY THE NEW JOBS GO TO IMMIGRANTS

By David R. Francis

Wall Street cheered and stock prices rose when the US Labor Department announced last Friday that employers had expanded their payrolls by 262,000 positions in February.
But it wasn't entirely good news. The statisticians also indicated that the share of the adult population holding jobs had slipped slightly from January to 62.3 percent. That's now two full percentage points below the level in the brief recession that began in March 2001.

Why the apparent contradiction? Reasons abound: population growth, rising retirements. But one factor that gets little attention is immigration. In the past four years, the number of immigrants into the US, legal and illegal, has closely matched the number of new jobs. That suggests newcomers have, in effect, snapped up all of the new jobs. "There has been no net job gain for natives," says Andrew Sum, an economist at Northeastern University.

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MEXICANOCCUPATION.blogspot.com

THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!

“We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers,” said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. “President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws.”
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MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO LA RAZA – THE MEXICAN FASCIST POLITICAL PARTY. THESE FIGURES ARE DATED. CNN CALCULATES THAT WAGES ARE DEPRESSED $300 - $400 BILLION PER YEAR!
“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually in depressed wages caused by the constant flooding of the labor market at the low-wage end.” Christian Science Monitor
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Illegals make more than US workers
Joe Legal works in construction, has a Social Security Number and makes $25.00 per hour with taxes deducted.
Jose Illegal also works in construction, has NO Social Security Number, and gets paid $15.00 cash "under the table".
Ready? Now pay attention...
Joe Legal: $25.00 per hour x 40 hours = $1000.00 per week, or $52,000.00 per year. Now take 30% away for state and federal tax; Joe Legal now has $31,231.00.
Jose Illegal: $15.00 per hour x 40 hours = $600.00 per week, $31,200.00 per year. Jose Illegal pays no taxes. Jose Illegal now has $31,200.00.
Joe Legal pays medical and dental insurance with limited coverage for his family at $600.00 per month, or $7,200.00 per year. Joe Legal now has $24,031.00.
Jose Illegal has full medical and dental coverage through the state and local clinics at a cost of $0.00 per year. Jose Illegal still has $31,200.00.
Joe Legal makes too much money and is not eligible for food stamps or welfare. Joe Legal pays $500.00 per month for food, or $6,000.00 per year.. Joe Legal now has $18,031.00.
Jose Illegal has no documented income and is eligible for food stamps and welfare. Jose Illegal still has $31,200.00.
Joe Legal pays rent of $1,200.00 per month, or $14,400.00 per year. Joe Legal now has $9,631 .00.
Jose Illegal receives a $500.00 per month federal rent subsidy. Jose Illegal pays out that $500.00 per month, or $6,000.00 per year. Jose Illegal still has $ 31,200.00.
Jose Illegal receives a $280.00 per family member/ month federal CASH AID for four family members . Jose Illegal has $ 43,200.00.
Joe Legal pays $200.00 per month, or $2,400.00 for insurance. Joe Legal now has $7,231.00.
Jose Illegal says, "We don't need no stinkin' insurance!" and still has $ 43,200.00.
Joe Legal has to make his $7,231.00 stretch to pay utilities, gasoline, etc.
Jose Illegal has to make his $ 43,200.00. stretch to pay utilities, gasoline, and what he sends out of the country every month.."actually Jose illegal doesn't pay for most utilities in many states as he gets county assistance to pay the bills and his late fees"
Joe Legal now works overtime on Saturdays or gets a part time job after work. "and pays a higher tax rate if he earns above a certain amount"
Jose Illegal has nights and weekends off to enjoy with his family.
Joe Legal's and Jose Illegal's children both attend the same school. Joe Legal pays for his children's lunches while Jose Illegal's children get a government sponsored lunch. Jose Illegal's children have an after school ESL program. Joe Legal's children go home.
Joe Legal and Jose Illegal both enjoy the same police and fire services, but Joe paid for them and Jose did not pay.
…. AND THEN JOE LEGAL STILL GETS THE TAX BILL TO SUPPORT ALL THIS “CHEAP” MEXICAN LABOR, AND THE CRIME TIDAL WAVE THAT COMES WITH THE OCCUPATION!

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WSWS.org – get on their free NO ADS news mails!
Unemployment rises in 29 US states
By Patrick Martin
23 November 2009
Unemployment rates rose in 29 of the 50 US states in October, according to a report released by the federal Department of Labor Friday, with California, Florida, South Carolina and Delaware reporting all-time highs since 1976, when the Labor Department began reporting statewide totals. The District of Columbia also had its highest-ever official jobless total.
The jobless rate in California, the largest US state, hit 12.5 percent, while the jobless rate in Florida, the fourth-largest state, was 11.2 percent. The 29 states showing increased unemployment was itself a rise over September, when 22 states had rising unemployment figures. Eight states showed no change in the unemployment rate, while 13 states reported a drop.
Michigan still had the nation's highest unemployment rate in October: 15.1 percent, slightly below the September rate of 15.3 percent. It was followed by Nevada at 13 percent, Rhode Island at 12.9 percent, California at 12.5 percent and South Carolina's 12.1 percent. All told, 13 states were above the national average of 10.2 percent (the others being Illinois, Indiana, Ohio, Kentucky, Tennessee, Oregon, Alabama, North Carolina and Georgia).
Michigan, Ohio, Kentucky and Indiana, all centers of auto production, saw slight increases in the actual number of employed workers, partly as a consequence of the cash-for-clunkers program, which expired in September.
The actual number of jobs reported in Michigan rose by 38,600, the second largest for any state, trailing only Texas, which added 41,700 jobs, largely in education, health care and government. The Texas unemployment rate nonetheless increased, to 8.3 percent.
Every one of the 50 states has a higher unemployment rate than one year ago, and all have a lower total number of jobs than in October 2008. Since the US recession began officially in December 2007, total US unemployment has increased by 8.2 million people.
While the state-by-state variation was quite pronounced—ranging from Michigan’s 15.1 percent down to North Dakota’s 4.2 percent—the regional variation was far less. The Western US had the highest unemployment rate, at 10.8 percent, with the Northeast showing the lowest rate, 9 percent, and the Midwest and South in between.
These figures indicate catastrophic levels of social distress, given that the official unemployment rate is effectively doubled once involuntary part-time and so-called discouraged workers are included.
Several other reports have been released that suggest the human dimensions of the economic and social crisis in the United States.
The Mortgage Bankers Association reported that 14 percent of borrowers were in trouble on their mortgages during the third quarter (July to September 2009), a record for the industry. Unemployment, rather than the collapse in home prices, was the biggest factor in delinquencies, the survey found.
The 14 percent rate translates into 7.4 million households, with approximately one third in foreclosure, and two thirds delinquent on payments but not yet in foreclosure. This compares to 5 million households in trouble one year ago.
A Census Bureau survey, based on figures collected in 2007, at the early stages of the current slump, found that 20 percent of Americans needed outside assistance to pay for basic needs like food, mortgage or utilities. Nine percent of households had to resort to food pantries and soup kitchens for food. More than one million households were without a refrigerator or stove.
A report in the Detroit Free Press Sunday found that record numbers of Michigan residents were receiving food stamps, Medicaid and other forms of social assistance, with new applicants, largely workers recently laid off from their jobs, jamming social service offices throughout the state.
Some 1.8 million people were receiving Medicaid benefits in Michigan last month, and 1.65 million receiving food assistance. More than 20 percent of the population was dependent on some form of aid.
Nearly one million people were receiving food or Medicaid in Wayne County, the state’s largest, which includes the city of Detroit. Even in the once largely affluent Oakland County suburbs, some 224,000 people were received food assistance or Medicaid in October.
GOOGLE OBAMA AND GOLDMAN SACHS!
Meanwhile, the comptroller of New York state, in a report issued November 17, projected that Wall Street profits in 2009 would top the record set in 2006, at the height of the speculative bubble. The four largest investment firms—Goldman Sachs, Morgan Stanley, Merrill Lynch (now the investment arm of Bank of America), and JP Morgan Chase—made $22.5 billion in profits during the first nine months of the year.
Member firms of the New York Stock Exchange made a record $35.7 billion in trading profits during the first six months of 2009, shattering the previous record, set in 2000, by nearly $9 billion. The top six US banks have already set aside $112 billion for salaries and bonuses in the first nine months of the year, and could easily shatter the 12-month record total of $162 billion set in 2007, once mammoth year-end bonuses are reported.
In his Saturday Internet and radio speech, recorded at the end of his east Asian trip, President Obama rejected any special job-creation measures. Claiming that the US economy was now emerging from recession, Obama declared, “In order to keep growing, we need to spend less, save more, and get our federal deficit under control.”
Obama touted the forum on economic growth he will convene at the White House on December 3, but added, “It is important that we do not make any ill-considered decisions—even with the best of intentions—particularly at a time when our resources are so limited.” OBAMA NEVER SAID THE STUPID GRINGO’S “RESOURCES” WHERE LIMITED WHEN HE WAS HANDING OUT BILLIONS TO BANKSTER CRIMINALS! THIS GUY IS GEORGE W BUSH IN DRAG WANTING TO BE BITCH HILLARY!
“I will not let up until businesses start hiring again,” he said, language that means new jobs will come only from private capitalists, not through the public sector.
The list of those Obama is inviting to the White House forum was revealing: “CEOs and small business owners, economists and financial experts, as well as representatives from labor unions and nonprofit groups.” Not a single worker or unemployed person will be involved.
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