In California and a handful of other states, one out of every five people who would like to be working full time is not now doing so.That is not what he said when he was selling his stimulus bill.It is a startling sign of the pain that the Great Recession is inflicting, and it is largely missed by the official, oft-repeated statistics on unemployment. The national unemployment rate has risen to 9.5 percent, the highest level in more than a quarter-century. Yet it still excludes all those who have given up looking for a job and those part-time workers who want to be working full time.
Include them — as the Labor Department does when calculating its broadest measure of the job market — and the rate reached 23.5 percent in Oregon this spring, according to a New York Times analysis of state-by-state data. It was 21.5 percent in both Michigan and Rhode Island and 20.3 percent in California. In Tennessee, Nevada and several other states that have relied heavily on manufacturing or housing, the rate was just under 20 percent this spring and may have since surpassed it.
Almost nobody believes that unemployment has finished rising, either. On Tuesday, President Obama said he expected it to “tick up for several months.”
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In California the underemployed also include state workers who have been forced into unwanted furloughs because the state has overspent its revenue stream. The California mistake is being repeated by Democrats in Washington who keep piling up the deficit and also plan to pile on taxes in the middle of a recession. It did not work for FDR and it want work for Obama.
The part time jobs do have the benefit of spreading the employment and hopefully keeping the unemployment rolls down. Otherwise the drain on the unemployment compensation funds would be even higher causing increase in taxes for employers and further reducing the potential for growth. It also allows workers to keep from having gaps in their resume when the time comes to apply for a new job.
