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OUR it sector benefits the job

The situation of work in the United States has increased in three months, but the growth of the workforce is still not enough to offset the growth in population, let alone make much of a dent in the unemployment rate remains stubbornly high at that level.

On Friday, the Bureau of Labor Statistics released a monthly snapshot of Labor-United States-based on a survey of employers, and the unemployment rate-based on household surveys. Household data showed that the unemployment rate ticked up to one tenth of a point very slightly, to 9 percent by the end of October. This high level of unemployment makes people less mobile and less fussy, and has an impact on the housing market and other areas of life.

Private sector employers surveyed by BLS, which is a unit of the Department of labor, said in the latest jobs report (PDF) that they have created new jobs, a cleaner 104,000 is good news until you realize that it's about half the level required just to keep up with population growth.

The US economy will need to add many hundreds of thousands of jobs per month to get the unemployment rate back down to 4.5 per cent or more, what many economists have considered the structural unemployment rate in the country. I think economists had better look out their window a little bit more and started to get used to the idea that perhaps the 6th, 7th, or heaven forbid 8 percent is a new structure of the unemployment rate below that of the US economy will not fall. If this turns out to be true, it would create a feedback loop that will make the housing market that is frozen, and the inability of people to sell their homes will mean they cannot change the location to change jobs. If you rent, you can become much more mobile.

While private non-farm businesses added 104,000 jobs, because of the lack of local budgets, State, and Federal Government agencies slashed 24,000 job-So a net profit of only 80,000 in all 50 States of the Union … the good news is that the BLS revised estimates for the return and job creation, clean in August and September, and now believe 104,000 jobs created in August (up from an estimated 57,000) and. 158,000 was created in September (up from 103,000 reported last month). If you do trends, the economy of the u.s. because it has an average of 125,000 new jobs per month during the year. On that level, it would take nine years and four months to bring the unemployment rate to zero; halve the time, and you go back to what we used to think as structural unemployment.

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Job creator rips Congress to debt deal delay

DISCLAIMER: the following "the cost of freedom recap" contains strong opinions are not a reflection of the opinion of FOX NEWS and should not be relied upon as investment advice when making personal investment decisions. IT IS FOX NEWS ' POLICY THAT CONTRIBUTORS REVEAL THE POSITION THEY HOLD THEIR STOCK, THOUGH THE POSITION DISCUSSED ARE SUBJECT TO CHANGE. READERS of the "cost of freedom recap" must take responsibility for their own investment decisions.

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Gary B. Smith: I mostly agree with Steve. I will add a zero behind the numbers. The fact is, we are talking about $ 2 or $ 1.3 trillion in cuts. Wow! It sounds so great-until you realize that it's spread out over 10 years, the federal budget is still increasing every year, in spite of that, the Defense expenditure is still going up and we have a $ 15 billion deficit. This is nothing. If they do something or they do nothing, You'll see really nothing changes. We have to go in terms of Government and that's why I say put a zero behind the $ 4 trillion and make it $ 40 trillion cut.

Jonas Max Ferris: Some pieces are better than no wounds. I really like the injured, seriously, which is a penalty for no action and they'll kick then will increase taxes if there is no action. It's really good because the economy is not so great now and can't handle large spending increase or tax cut, which is what the Committee should do if they're super gather and agree. So, this could work as long as they do not suspend their wounds when they come down the Pike in the past few years.

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Oklahoma liquor task force: two meetings, and that’s it

Oh, there are some in the Capitol to allow consumers to buy a strong beer and wine in grocery and convenience stores. State Sen. Clark Jolley was among them. Jolley, r.-Edmond, is Chairman of the task force was dissolved last week, after just two meetings, and he insisted the problem won't go away.

He even suggested legislation can pursue during a session of 2012, or drive the initiative petition can be done at some point. The latter seems much more. The fact of the task force have anything done does not mean no one wants a change, Jolley, just say "we don't agree on what to change."

He put a little bit. A meeting last weekend got Testy as the voice of various make their points. The task force included members of Parliament, along with distributors, wholesalers, representatives of wineries, breweries, shops, stores, liquor stores and other officials.

Wholesalers, distributors and owners of a liquor store was among those who like Oklahoma law, which makes the strong beer and wine available only at liquor stores. Business groups and several traders supported the change. Representatives of the liquor stores fear losing significant business; merchants and others want to provide more choices for consumers.

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Most of the middle class expects to work beyond retirement age

• A quarter (25%) of middle class Americans say they would "have to work until at least age 80" to live comfortably in retirement

• Three-quarters (74%) of middle class Americans look forward to working in their retirement years, including 39% of respondents who need to work to meet or maintain their lifestyle, while 35% say they will work as they want, rather than out of financial need.

• Among middle-class Americans aged 40 to 59, 54% say they "need to work," compared with 34% of those age 25-39. Therefore, only 25% of those between the ages of 40 and 49 said they would work in retirement because they "wanted," versus 45% of Americans between the ages of 25 and 39.

(More: back to school? Why pay for a pension in City College)

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