Is Washington creating our jobs crisis?

Are Washington's policies promoting job growth?
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As Washington continues to spend far beyond its means, uncertainty about the future of our economy is stifling the ability of businesses to plan for the future.

When businesses owners are dealing with uncertainty, they're less likely to invest and grow. This puts a strain on the job market.

As millions of Americans continue to look for work, Washington must stop overspending and address the uncertainty causing our jobs crisis.

Visit BankruptingAmerica.org for more.
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JOBS AND THE ECONOMY:
2011 College Graduates

"The class of 2011 will likely face the highest unemployment rate for college graduates...in history." - The Economic Policy Institute

This spring, over 1.7 million college students (1) will graduate from four-year universities, bright eyed and ready to launch their careers. Has Washington prepared the job market to provide opportunity for so many young professionals to enter the workforce?

Class of 2011 and the Job Market

• The Employment Situation
• The Link: Uncertainty

The Employment Situation
In May, unemployment bounced to its highest level in 2011, at 9.1 percent. (2)

Many Americans would argue the unemployment rate does not represent the job market they have encountered. While the Department of Labor reports 9.1 percent unemployment, Gallup rates underemployment, which takes into account people who have given up looking or taken part time work because they couldn't find a job, at 19.1 percent. (3)

Most Americans have felt the tight squeeze of a struggling economy, and college students are no exception. To put this into context: College student's dads who graduated from college in the 1970's encountered an average 6.1 percent (4) unemployment rate... a stark difference from today's college graduates.

The Link: Uncertainty
High government spending leaves businesses uncertain of future tax and interest rates, which leaves them more hesitant to invest in long-term projects that create jobs. Uncertainty over the future of the economy is keeping American businesses from recovery.

Washington needs to cut spending in order to foster an economy that is creating jobs for the Class of 2011.

(1) National Center for Education Statistics. May 31, 2011. http://nces.ed.gov/fastfacts/display.asp?id=372
(2) Bureau of Labor Statistics. June 3, 2011. http://www.bls.gov/news.release/empsit.nr0.htm
(3) Gallup: No Improvement in Gallup's Underemployment Rate in May. June 3, 2011. http://www.gallup.com/poll/139346/no-improvement-gallup-underemployment-rate-...
(4) Bureau of Labor Statistics: Data. June 3, 2011. http://www.bls.gov/cps/tables.htm

Category:

News & Politics

Tags:

• jobs
• unemployment
• work
• unemployment rate
• career
• employment
• government spending
• uncertainty
• national
• debt
• deficit

[Will224000]

...the new grads would have to have had a job first to be counted as unemployed... they won't even show up on the figures... I was a '99er'... we fell off the stats last year... those that have found any work are now in McPoverty... others like me are almost McDead...

[hookalakah]

"The country is paying the price of electing a president who had little experience, no background in the private economy and a 1960s era liberal ideology he wanted to impose on the 21st century." --Steve Huntley, Chicago Sun Times

[2100v]

Government doesn't create jobs, it destroys jobs through its policies. The smaller and less intrusive gov is, the more jobs. Plus, with the world reserve currency, why should we work hard to export things when gov can borrow $ printed by the FED, spend these and let others work hard to make what imported things we buy?

[OQUENDO1968]

The bottom line is this: People here, as well as around the world will have to wake and smell the coffee. It's long overdue. The Political Game and the Money games they play are starting to show themselves for what they truly are: False, useless ideologies and concepts the have become useless and detrimental to the populace. Money is outdated and they won't dare come

forward and say so. We are reaching the typing point where the the Wall Street as well as the entire system will crash.

[mrbilingual]

IT'S ABOUT TIME SOMEBODY WAKE UP!! THIS SO CALLED DEBT CRISIS AND INFIGHTING BETWEEN OBAMA AND BOEHNER IS A BUNCH OF CRAP! THEY WANT THE NATIONAL MARKET TO FALTER. FOLK, EVERYTHING IS ABOUT NEW WORLD ORDER. CAN YOU SAY IT, "NEW WORLD ORDER?" THE BANK OF ENGLAND STARTED THE FIRST RECESSION IN THE USA; IT IS CONTROLLED TOTALLY BY ILLUMINATI. AFTERWARD, THE BANK OF ENGLAND STARTED FEDERAL RESERVE IN THE USA. WE HAVE TO EXPOSE THEM NOT REACT EVERYTIME THEY MAKE A MOVE.

[LUVJONZ99]

When I graduated from college over 10+ years ago, the catch phrases were: new grads have to be patient and accept lower paying jobs, they expect too much in entry level salaries, be willing to relocate, technical jobs are the hots jobs....I say rubbish to it all......we have lost too many jobs to outsourcing and deindustrialization that will never come back to this country. Jobs have been lost or deinstrialized across ALL occupations....

[Col316Sing]

Of course not. The ONLY THING the gov't can do is Regulate, discouraging job creation and spending more of our money - which isnt rightly theirs to begin with - limiting investment funds; or deregulate, giving up control and power, and spend less on the frivolous, leaving more for job creators to work with thus allowing entrepreneurs to create jobs more easily.