Posts Tagged ‘unemployment’

Obama Touts Jobs Plan for Veterans

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October 20th, 2011

Companies have promised to hire 25,000 veterans

Here’s a drop of good news: President Barack Obama on Wednesday praised a series of companies that have promised to hire 25,000 veterans or military spouses within two years, calling it a sign of patriotism and business savvy. He pushed his economic agenda anew to a military audience.

No fighting for jobs

"We ask you to fight, to sacrifice, to risk your lives for your country," Obama told an audience of thousands of people at Joint Base Langley-Eustis. "The last thing you should have to do is fight for a job when you come home. Not here. Not in the United States of America."

Major companies

In their comments, Obama sought to assure veterans and their families that the country was behind them and that employers are, too. The American Logistics Association, which includes major companies like Tyson Foods Inc. and Coca-Cola Co., is pledging to hire 25,000 people by the end of 2013. The president said that every company should want to hire veterans because of their leadership experience, mastery of cutting-edge technology and other skills. Obama is asking Congress to approve separate tax credits worth thousands of dollars for businesses that hire veterans who’ve been out of work for at least six months, including those with disabilities.

Returning Heroes tax credit

Obama has proposed a Returning Heroes tax credit of up to $5,600 for businesses that hire unemployed veterans who have been out of work for six months or more, as well as a Wounded Warriors tax credit of nearly $10,000 for unemployed veterans with service-related disabilities who also have been looking for work for at least six months.

Vote for it

"When I first proposed this idea in a joint session of Congress, people stood up and applauded on both sides of the aisle," Obama said about tax credits to encourage hiring of veterans. "So when it comes for a vote in the Senate, I expect to get votes from both sides of the aisle. Don’t just applaud about it. Vote for it."

Jobs bill

As Obama has been traveling, lawmakers back in Washington were taking the first steps to break his nearly $450 billion jobs bill into pieces for possible votes. It’s the only way elements of the measure stand a chance of passing, given that Senate Republicans blocked action on the full package last week. The bus trip has given the president the opportunity to promote elements of his jobs plan in places the White House says would benefit most should the measures pass.

Teacher layoffs

Obama has spoken at high schools and community colleges where the administration says new spending would prevent teacher layoffs, as well as a small, regional area airport near Asheville, N.C., where Obama pressed for government funds to renovate an outdated runway.

Latest on jobs

Today’s news on jobs is that new claims for unemployment benefits fell last week, according to a government report on Thursday that showed layoffs in recent weeks had dropped to levels last seen in April.

Tags: Jobs, Military spouses, unemployment, Veterans
Posted in Business, Economy, Employment, Finance, Personal / Internet, Retirement | No Comments »

I’m Caught in a Job/No-Job Trap

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June 20th, 2011

The Job Market is miserable and so am I
For a change I had nothing to do with my current debacle. I am usually the culprit when it comes to the making a mess of things, but in this case I am the sacrifice. I am an engineer, university degree and all that. I had a successful career, working in various design offices and managing my own engineering practice for some years. When the recession hammer dropped, I was in my late fifties, so I checked all my retirement funds and savings and decided to take a break. I could afford it and anyway, I reasoned, recessions don’t last forever. So I fished, sailed and golfed for a few years and then decided that I wanted to get back to work.

Unemployment market
I knew all about the unemployment situation. I saw that the headline number that comes out every month was 9.1 percent in May. It measures how many people are out of work and looking for a job, but as yet did not include me. There is also the U-6, which is technically the broadest measure of unemployment. It includes people who are underemployed and people who have stopped looking; perhaps they’ve decided to go back to school or they’ve just given up their quest for work. That rate is 15.8 percent.

The Hollywood WorkSource Center
I went down to the Hollywood WorkSource Center to see what was available. Yes, there were jobs for engineers, so I went for an interview. “Site supervisor and that new office building going up in Westwood. My honest opinion, you’re a little old for that sort of thing. It’s on the 20th floor already and has another 16 to go. Still interested?” I smiled thanks and left in a hurry.

Ace Personnel
I called at Ace the next day and filled in forms and stood in a line to get a number to stand in a line. When I finally sat down in front of the interviewer I was offered a draftsman’s job in some small town engineering department way out in the sticks. Computerized drafting hasn’t reached there yet. I smiled thanks and left in a hurry.
I took a 3 day rest after this interview to make sure I still wanted to go back to work.

The money situation
My finances are not as healthy as they were a few years ago but I figure if I take it easy and maybe give up playing golf, I can still afford not to work. The game of golf is inordinately expensive and I’m a poor player, enjoying the camaraderie more than the game.

One more try
This time I went into a placement office that specializes in the construction industry. I was greeted warmly, offered coffee and then offered a job in a steel reinforcement factory checking the goods that have been manufactured to engineering specifications to ensure that the goods are exactly as specified. I smiled thanks and left in a hurry.

Beware you fish
Tomorrow I will be back on the lake in my dingy. Beware you fish!

Tags: Finances, Job market, Pensions, Retirement funds, unemployment
Posted in Economy, Employment, Finance, Money, Personal / Internet | No Comments »

Everyone Can Use Cash Advances

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April 10th, 2011

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