US – Despite Marginal Gains, Employment Problems Threaten Economy writes policymic

Last week’s announcement of the .3% drop in the unemployment rate was a positive diversion for the White House after President Obama’s less-than-stellardebate performance. But the new unemployment rate of 7.8% hardly warranted the high level of attention it received, because it does not adequately reflect long-term employment issues, nor give any indication that the country’s economic health is improving. In four years, the unemployment rate has not yet fallen back to 7.6%, the level it was at the end of the Bush administration.

Along with our rising national debt, Americans are increasingly concerned about the economy and spending. The issues of job growth, the long-term unemployed, the part-time employed who want to work full time, the many who are no longer counted because they have been out of work too long or have given up, and the low number of new jobs are all of particular concern when it comes to employment in America.

Here are some of the most pressing issues when it comes to employment and the economy in America.

• Job growth has been called “anemic,“ and it could soon get much worse. 12.1 million are still unemployed! All this is before Taxmageddon (the $500 billion tax hike) hits on January 1 — unless Congress and the resident can quit arguing, and Congress acts to prevent it. Based on the most recentUpdate to the Budget and Economic Outlook provided by the Congressional Budget Office, the Heritage Foundation estimates 1.6 million more jobs could be lost when Taxmageddon comes…

http://www.policymic.com/articles/16278/real-unemployment-rate-despite-marginal-gains-employment-problems-threaten-economy