How's the job market? Nine out of 10 Americans think this is a “bad time” to find a quality job, according to a new Gallup poll. Only eight percent say it is a “good time” to find quality employment.
While jobless claims have dipped below the 400,000 mark the last two weeks, they are still above the benchmark 375,000 level that analysts say is the best indicator of sustained job growth. The unemployment rate edge down in October to 9 percent, but has remained in the 9 percent to 9.2 percent range since last April.
While the numbers show some improvement (those who have been jobless for at least 27 weeks declined, as did the number of those working part-time because their hours had been cut back or they were unable to find a full-time job). But as the deranged newscaster Howard Beale proclaimed in Network, “Everybody knows things are bad.”
In a recent survey conducted by Millionaire Corner, nearly 55 percent said that they were “well acquainted” with people who are looking, but unable, to find work. Of these, the highest percentage (60.4 percent) had a net worth of less than $100,000. Women (58.1 percent) were more likely than men (51.5) percent to know someone unable to find work.
The Gallup poll results are the worst in the 11-year history of the job market question, the polling agency said in a statement. Ninety-two percent of Americans who are either working or unemployed and looking rate November as a bad time to find a quality job, while 7 percent say it is a good time. Each of these ratings is also the worst Gallup has measured since monitoring began in August 2001.
At least young Americans with more of their working lives ahead of them are slightly more optimistic. Fifteen percent believe it a good time to find a quality job. This, too, is reflected in our survey, in which respondents under the age of 40 were less likely to know someone unable to find work than were people ages 41-60.
Confidence, too, in whether President Obama and Congress can work out a bipartisan jobs plan, is also low. Only eight percent of respondents in a separate Millionare Corner survey believed it could be done.
Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.
A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.