I am a regular "Joe" may be not a plumber but a regular average next door guy who is concerned with USA economy. Currently underemployed and with a $ 250 000 in student loans and with a bankruptcy filed not long time ago my passion for the state of the economy arouse ... My purpose is to gather information from different journals and or blogs and help those fellows americans interested in the economy have a broader perception of what really is happening.
United States has to create 100 000 jobs monthly in order to bring back the economy to pre-recession 5% unemployment. Yet, in 2009 California's EDD reported 579 000 unemployed which translates roughly into 48 250 per month which means that 48.25% of job creations should go to California and the other 51.75% to the other 49 states: Is this realistic? And to close: 72% of citizen that are 60 and over are postponing retirement which translates into more competition for jobs for younger fellows which will force college grads to move back home and highly probable defaulting student loans...this recently grad wont get married or will buy house any time soon bringing house prices down ...
United States has to create 100 000 jobs monthly in order to bring back the economy to pre-recession 5% unemployment. Yet, in 2009 California's EDD reported 579 000 unemployed which translates roughly into 48 250 per month which means that 48.25% of job creations should go to California and the other 51.75% to the other 49 states: Is this realistic? And to close: 72% of citizen that are 60 and over are postponing retirement which translates into more competition for jobs for younger fellows which will force college grads to move back home and highly probable defaulting student loans...this recently grad wont get married or will buy house any time soon bringing house prices down ...
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