Saturday, May 9, 2009

Jobless Rate Hits 8.9%

"U.S. Jobless Rate Hits 8.9%, but Pace of Losses Eases"
by Peter S. Goodman and Jack Healy


As anyone knows there are a lot of business that are having to close down or are having to lay people off because they just are not making any money. In April alone, there was about 539,000 jobs that were lost which means that about 8.9% people are not jobless in the US alone. This report was posted on May 9, 2009. That is a lot of people who lost their jobs in one month. The jobs lost is due to the economy and the recession that the US is in.

Some say that to recover from this recession that we are in could take anywhere from a month to even years, and there are some that say it could last for a ever long time. But the one thing that was very hopefully in the jobs lost this month is that the number were not as high as they thought that they would be. Analysis believed that the numbers were going to be a lot higher than what they were which to some means that the economy just maybe taking a turn for the best.


As the Labor Department says is that the nation's problems, the economy falling last fall looks like it is final coming to a stop, or as the said "had been arrested" because the reports were just that good.

The economy began to fall in the fall when one of the larges investment bank, Lehman Brothers, collapsed, that is when a lot of other businesses start to fall as well. In another words, once Lehman Brothers fall, the whole economy went with it. The recession that we are in now is told to be the worst since the Great Depression because there is should a high demand for goods but there really is no service or it is weak right now.


The April numbers look good but if you were to look at the numbers for February, the numbers were at 681,000 that is after they looked at the numbers because what was first reported was that there was 651,000 jobs lost and March also had to be revised because there was an report that 663,000 people lost their jobs but the number was really higher that at almost 700,000. The numbers for March were actually 699,000. That is a all time high because that means there will be more people filling for unemployment just to be able to live and pay their bills.


Part of the reason that April's number were so high is because the government started hiring a lot more people just for the preparation of the 2010 Census.


Even though there are some place that are hiring, experts believe that it could take many months or years just to get back to where we were before the fall of the economics. The experts also think that many businesses will be cutting about another 2 million jobs before the economy can even start to grow again and sit itself back to the normal scale that we once known the economy to be. The unemployment rate is believed to last until sometime in 2010 because of the fact that there are still a lot of places that are closing or trying to break even.


With the economy breaking down, millions of people are being forces to live with what they got meaning what money the bring home from their paychecks and not what they want to live like by borrowing money from their credit cards or from their home.


In December of 2007, there was more that 5.7 million jobs that disappeared from the US economy and most were sent over seas to other countries because they are willing to pay less over seas unlike in the US were the pay is higher.


When the economy started to fall, so did any pay raises. With there not being an increase in wages and people having to live with what they got, employees from factors, the malls, and even the stores are seeing a decrease in shoppers which means there are jobs lost because they too are not making an money and having people that are doing nothing is just a waste of money for a job that is not being done.

When President Obama took office, one of the things that he did was a package of about $787 billion dollars to help of the state and local government. But the money was a federal aid to help them out. Other things that the money was sent out to help out is tax cuts for those who are the worst off from the economy crash.


"The Federal Reserve and the Treasury have been pouring money into mortgage markets and other areas of finance, bringing down the costs of borrowing." What does that mean? That just means that they are trying to help everyone out. They are trying to slow down the borrowing rate and trying to help out those that are trying to borrow money. There are a lot of people that are borrowing money or are trying to mortgage their house just to get money to be able to live in their homes, pay bills, and make ends eat.


"The question is whether fresh job losses combined with continued declines in real estate prices will prompt millions more Americans to fall behind on their mortgage payments, leaving banks counting fresh losses and prompting them to pull back anew on lending." How many people will it be before they see that the mortgage is too high for someone to pay their rent but also that when someone losses their job, they don't have money to pay their mortgage so having some type of away out of this problem. If the banks loss out on their money because people can not pay their mortgage, that is money that they are out of, that is money that they are not getting to pay those that they also borrowed money from to be about to help those that have the mortgage. If anyone knows, when you get a mortgage loan, the bank borrows money to give you the loan which means that they are taking out a loan as will. So if they are not getting their money then they can not pay their loan back. In another words, when the banks can not get their money, there is a bigger problem because the banks lose out on their money which could mean that the economy could fall further and further down the line.

With all the job losses, the ones that are being hurt pretty hard are the manufacturing job with 149,000 jobs lose, the professional and business services are at 122,000 jobs lose, and the construction with 110,000 jobs gone. By race, African Americans were 15% o of jobs lost, teenagers were 21.5%, and the last was adult man with 9.4% jobs lost.


The one thing that the article does state is that these information is only for those that work full time and not those that were part time either because they had to have their hours cut short or because they could not land a full time job and all that they could get was a part time job. If they were to count the part time hobs then the rate would go up to about 15.8% but since they are working and getting paid, they are not part of those that are unemployed. If they were to take into count those that were part in March and those that did not have a job then the rate would be about 15.6.


Since the government started to track the unemployment in 1948, there have been many with out jobs. From their calculations, those that have not been working for about six months or more, the percent was at about 27.1% which from their records is the highest as of to date. That is really high for those that can not get a job because of the economy but where was the rate at last year before the economy failed like it did? That figure was not put in to the report that was done at the time of this article.


Some Economists say that even if businesses were to be hiring there still would be a major problem with the economy because of how many people right now do not have jobs. There is not a lot of businesses that can hire a lot of people even if the economy were to get better.


Since the Labor Department has been keeping track of the unemployment rate, we have been able to see how our economy shows what the job market is like. When you see that the economy is starting to go down, then you will start to see that there are a lot of jobs that are lost and you start to see prices going up. There are even times when you will have some companies that will give out pay cuts or cut hours down just so that they can keep their workers and they don't have to fire them and pay more to the unemployment for those that seek the government's help. Even with the government getting help for the Federal government, the government is still having a hard time with money and giving out the money to those that need the help.


With Obama even giving money out to the states and government, it still is not enough to cover for those that need help. It is not even help for companies that are going under and need help. With the banks slowly closing or trying to found money, any help that they can get, it still is not enough to help them out because there still is not enough money for those that need help paying their mortgage.


In all, even though the article is taking about the economy that crashed in the fall of 2007, showing what the economy looked like before everything started to fall apart. What were they like a year as of Friday?

Friday, May 8, 2009

Female Professors earn LESS than Males

"Study: Female Professors Earn Less Than Males"
by Pat Lohmann

In a study that was done at UNM, they found that the female professors were being paid less the the male professors and this is after Obama had signed into law that females and males get equal pay no matter what and let that is not the case for those that work at UNM.

The study was done by the Provost's Office which is called,"Faculty Compensation at UNM: Is the Reward System Equitable?" There was two parts to the study in which the first was done in 2007 and they found that the female professors made about 86.5 cent less than the male professors at UNM. What does that tell you about what UNM thinks about the female professors at UNM? When they what back to take a look at the study again in 2008 they found that for every dollar that a man makes, the females are paid about 81 cents. That is really low to be paying anyone for that matter. But that is what the Southwest Women's Law Center found for the females in Bernalilly County. But when they check for all of New Mexico, they found that for woman's pay to men is for every dollar, women make 78 cents. That is just as bad as UNM professors not getting paid that much.

The article as says that with there being about a 3% difference in pay, that just maybe there just might be some type of discrimination going on but they do say that this occurs mostly at the department level because the raises are recommended to the dean in which the deans then says yes or no to the raises amount. In the Arts and Science, they found that there is about two-thirds of men that are discriminated against women. What that could mean is that women are not that favorable in the Arts and Science department but that could also mean that there are not that many women that are welling to work in the Arts and Science department. The study never says why that this is so or what could be the problem int he Arts and Science.

The study also found that in other departments, if there were more than one-third women working, then for every male dollar, the females would make about $1.01. That is just a little bit higher than what was being said before but the case of the matter is that women are being paid less than men are.

The study also found that if there was less women in the departments, they were the ones that were paid 10% less to the male professors. Which that is saying that either way, the women professors are not getting the equal pay that they should be getting.

There are a lot more women that are working in the education fields than there are males and let they are not getting the paid that they should be getting. What I would like to know is that since Obama signed into law that if a female is equal to a male in the job place, are they, the women, now getting the same pay as males or are they still making less than males? The other thing that I would like to know is if there are any women that are making more than male in pay and if so why is that?

I would also like to know why it is that female professors are making less than males at UNM when they should be getting the same pay as males.

Nudging Views on Race, Obama

"Obama Is Nudging Views on Race, a Survey Finds"
by Sheryl Gay Stolberg and Marhorie Connelly



When you hear that an African American is running for presidency, what is the first think that you think of? There are a lot of people that when the hear that someone that is black is running for presidency, that there is something that is wrong with because there has never been anyone that is black running and plus all of the other presidents were white so having someone with a different race, was not something that you would hear or would think could happened. But the truth of the is is that this years presidential race had many first. You had a woman running, an African American, and a Hispanic running in just one election. That is something that was never heard of until the election of 2009.


When New York Times/CBS News did a poll of 973 adults over the course from Wednesday to Sunday. When doing the poll, blacks were oversampled with a total of 212 polled. There was a margin sampling error of plus/minus 3% points for everyone polled, and plus/minus 7 points for blacks. The reason for this is to see what the black community has to say about there being an African American running for presidency.


When asked about their opinion on on Bush's new policies on the interrogation tactics and if they are harsh practices, 62% said that the share Obama's opinion that the hearings were unnecessary. The way in which some of the interrogation went on, they were too hard and sometimes they were just against the law.


The article shows that when Obama first started to run for office, he had a low rate because of his race, but after 100 days in office, that has all changed. With his first 100 days in the office he had a 68% approval rate while Bush had only 56% at the same time as Obama. The poll is showing when Obama was first running and taking office, he was not popular but after only 100 days in office, that as changed. People are starting to see that it does not matter the color of your skin and all that matters is that you can get the job done right and get it done for the people in a way that helps them out.

There was about 48% that said Obama was keeping his promises that he made when he was campaigning, and there was 39% that said he was making progress om major promises that he made. These polls are showing that people are looking past the fact that he is black and are looking at what he is going to be doing for the economy. Having surveys showing how someone is doing in their job and showing that the person is making progress is showing that they are doing what they said that they are doing. This survey is showing that people can change and that they believe in the person that the have elected into office.

The other thing that the survey is saying and showing is that people are changing their minds on the fact that maybe it does not matter the color of your skin or your race and that what does matter is that you do as you say you are going to do and also that you believe that when they, the president, says that they are going to do a job, that they are going to do.

Yes, from the survey you can see that people did not believe in Obama when he first started to run for presidency, when he was elected to be the president, but after his first 100 days in the office, he does have a higher rating as well as a higher popular vote amongst those that were polled on their thought about Obama. Even some of those that did not vote for him because his race, are starting to change their opinion because of the fact that he is doing what he said he was going to do when he went into office but also because the fact that he is working hard to prove to the world that he is the right person for the job and that he is going to get the job done and not just for some of the people but for all the people because proving that he is the person that everyone wants, is what matters when it comes to the polls.

When it comes to the polls and what people think of you, having them in your favor is always the best thing to have because the polls tell you if you are doing a good job or not, but they also tell you where you need to improve yourself for those that are watching you and giving their opinions on you.

Economy Is Brightening

"Outlook on Economy Is Brightening, Poll Finds"
by Adam Nagourney and Megan Thee-Brenan




The polls are showing that the economy is getting better? That is something that I know that I love to hear and I think that just about anyone that is having the same hard time is loving to hear that the economy is turning around. but the question is is that if the economy is really going to start to turn around as much as they are saying that it is turning around. But the other question that comes up is if the turn around is going to last as long as they are saying that it is going to last or it is just for the time being? Or do we just have to pay it day to day and see what happens in the next few days.


In a survey that was taken by the New York Times/CBS News, they found that people approve Obama's handling of the economy, foreign policy, Iraq and Afghanistan, and we can not forget that people like the stimulus package that is to help those that are having a hard time.


in the poll, there was just about 31% that favored the view of the Republican Party which according to the Times/CBS polls, it is the lowest that it has been in the past 25 years that they have been asking this question. The survey was done through a national telephone with 998 adults, with there being a margin of sampling error of plus/minus 3% points. Only 998 people were surveyed for something that is really important, does that make any since to you that there would be such a low number of people that were interview? Was there more people that they were trying survey but they could not talk to them so maybe they just want with what they had at the time or was it because they wanted a low number of people.


With the economy the way that it is, 40% said that they had cut luxuries, and then there were 10% that cut back on necessities, but there was 31% that said the cut back on both luxuries and necessities. What does that tell you about were we are at right now if people are cutting back on necessities, that is saying that there is no money for people to be able to buy even a loaf of bread, milk, or eggs, that right there tells you a lot as to were we are at right now.

Just before Obama took the office, there was only about 15% that said the country was headed int he right direction but after Obama took office, the number went up to 39%. There was also about 79% said that we were headed in the wrong direction and not that number dropped to about 53% which is still high but the numbers are showing that people are starting to see that there is a change in those that believe in what Obama has planned for the country. When Bush was in his second month of his second term, the number was at about 42% in February of 2005, which means that more people believe more in Obama than Bush. That right there says a lot as well because the polls are showing that people believe more in the person that most thought was not going to make it as a president to someone that they believed in when the elected him into his second term.

when asked about the economy and it getting worst, before Obama, was at 54%, and after it is 34% today, and with there being about a 20% better where 7% in January, which is very low for anyone. What the 7% is saying that people did not think that the economy was getting any better and that we were headed to the worst economy recession that we have ever faced in a long time.

33% blame Bush for how the economy was and the place that we were headed while 21% blamed the financial institutions and there was a 11% that Congress was to blame for what happen to our economy.

What does it say when people truth more in their president, then they trust the Congressional Republicans? Well 3 to 1 trust more in Obama then they do with Congress, that says a lot for someone who should believe in Congress a lot more then the should believe in the president or is to be to even? Either way, at anytime you should have people believing in both the president and the Congress but when you don't then there is just a lot problem because of the fact that we should have trust in Congress but polls have spoken, we do not believe in Congress anymore.

When they were asked about his bail out plan for the banks, there was a 58% disapproval of his proposal, but when asked if it will benefit all Americans and not just bankers, there was a 47% that believe in the proposal but in February it was at 29%. If bailing out the banks helps the people, then it is OK for a lot of people but if it is just for the bankers, then don't bail out the banks because that money can and should be used for the people and not those that take the money.

"40% of Americans said they preferred a smaller government providing fewer services, while 41% preferred a bigger government with more services." What does that mean? I don't know what that means, can some please help me here. The way that I am seeing it is that people would like to have a small government that does not do much, but let others want a big government that what has control over everything and say what we do. But then again I could be wrong but I believe that the government should not be controlling everything that there should be a point when they just need to walk away and leave the people alone.

The economy looks like it is starting to improve but anyone that knows the economy, it can change in a second so it is just best to let the economy work slowly and let the economy slowly rebuild itself but of course it can always use help by having the president saying that there is money to help out those that are in need.

The article is showing that people have mixed feelings about how the economy is changing and how it is getting better. But at the same time, it is showing that people are really having a hard time just trying to make a living and to take care of their family on the little money that they have to buy food and bill their bills. It does show that it is really bad if you can not make rent or even buy the things that you need like, food or even water. The economy is in a bad shape but the stimulus plan is helping to chance things around and is helping those that need money to keep their houses.

Support for President

"Survey Reveals Broad Support for President"
by Jeff Zeleny and Megan Thee-Brenan


How many people do you believe support President Obama? You would be surprise that Obama has some support but not a lot of people support him as of right now.


In a survey done Feb. 24, in a national telephone conducted from Wednesday thru Sunday, there was 1,112 adults with a margin of sampling error of plus/minus 3% points.


Even though there are a lot of people that do support Obama, there are still some that are not that happy with some things that are being done right now. When Obama sign the $787 billion economic stimulus plan was for political reasons, which people said that he should focus on that he said he was going to do throughout his campaign and not be the middle ground for the Republicans but to be himself like he was when he was running.


"A majority of Americans, 55%, say they are making ends meet, with more than 6 in 10 concerned that someone in their household might lose his job in the next year." Meaning that people are having a hard time just being able to pay their bills or to be able to buy food. At the same time people are concerned that someone in their household could be losing their jobs because the economic, which means that they will have an even harder time making ends meet because of the falling of the economics.


In just the short month that Obama has been in office, 63% approve of his job as of right now, with a him being in the right positions for his economic policies. Even though some say that it is going to be hard to get out of this deep recession that we are in right now, they do believe that it could happen with a lot of people and people working together as one to bring the economy back up.


The polls show that there is a major concern when it comes to being about to pay their bills, or having money for that matter of fact and that is because of the economy that we are in right now, but it is also because it does not seem that anything is changing as of let for anyone, even though we have said that it is going to take a few years to get better.


Obama has said to everyone that we are on a long run to recovery in which 53% of the public believe that the economic stimulus plan that was signed into law will help improve things, but there are some that do not believe that anything will improve or will shorten the recession.


There are a lot of people that do believe that relief is on its why and that Obama is going all that he can do to help with the problem that we are in. People do support Obama and the plans that he has for the economy even though it is going to take a long time before that help is here and everything is back to the way it was before the problems. There are those that do not believe that Obama is going to make that much of a progress with the problems that we are facing right now but they do believe that it is going to be a very slow process to get back on the right road.


In all, the survey is showing that there are someone people who believe and those who do not believe that our economy is going to be recovering as fast as everyone thinks it will recovery. But those that do not believe, know that it is going to take months if not years for was to be back on track. The survey also shows that they believe that Obama is on the right track to helping us recovery in the long run.


Believing in something and having faith that things are going to change is all that anyone can hope for and that is what Obama wants from his country, and those that are around him because he is trying everything that he can to make sure that we are all taken care of and that everyone is doing okay even if it means having billions of dollars to help out those that are having hard times, as well as helping those out that can not pay their house mortgage because Obama knows that having a home and being able to pay your bills, and have food, is very important to help and to those in his country. Having the stimulus plan that Obama signed into law is going to help everyone that is having a hard by having money in the government to help you if you need help because as anyone knows there is not always free money to help you and there is not always a president that is willing to give you money to help you out when it comes to paying for your house.