Effects Of the Great Recession: Personal Losses
During and after the American Financial Crisis of 2007 - 2008, some companies like banks and auto manufacturers were called "too big to fail" and provided with federal bailout moneys to keep them afloat. Small-to-medium sized business owners and individuals caught up in the crisis and having lost their livelihoods asked where their own bailouts were (aside from extended Unemployment Payments). These last groups seemed to be met with an attitude that they were not too big to fail, but rather, "too big to cry."
Many of these people lost everything.
Workers lost jobs, smaller companies closed down, storefronts in shopping malls went empty because no one could shop or dine in them any longer, and more businesses closed down. Inndividuals and families lost their homes despite refinancing available, cars were repossessed, families ended in divorce, and additional people i our society became ill, physically or mentally. The domino affect lasted several years.
(See similar events in The Great Depression)
- American History and Poverty: Fighting The Great Depression
The years from 1929 through 1941 were difficult to survive ...
- Ghosts of the Great Depression - 1930s Poverty
Global Unempoyment Rates in 2009
Employment and Jobs - 7.5 Million Jobs Advertised Online 5/2013
The graphic above shows increased Unemployment Rates around the world in 2009.
Having worked in Employment & Training (Workforce Development) fom 1995 - 2005, I found that up through 2006, aggregated Internet postings for open jobs in the USA numbered six million or more on average daily until the Financial Crisis hit. Between 2007 - 2012, the numbers fluctuated between six mission and just over three million - usually between 3.5 - 4 million jobs advertised. Suddenly in October 2012, the number jumped to over five million on any day. In 2013, the number climbed to seven million jobs daily - not enough, but rising. These are advertised jobs, not new jobs as claimed by the federal government.
A problem with the increasing jobs is that they involve work that required higher education and sometimes certifications and licensing that the American worker, on average, does not have. Moreover, college students are largely not majoring in the workforce subject areas in which there are indeed jobs now and set to increase in the future. Therefore, they graduate into Unemployment - unemployment among a pool of 7,500,000+ job openings in May 2013.
We (the US) have over 1,000,000 open jobs for Engineers in IT, Manufacturing, and other settings today in May 2013. However, in 2011, only 83,000 people graduated with Engineering BS Degrees, while Master's Degrees in Engineering reached an all-time high of only 47,000. Doctoral Degrees in Engineering numbered about 9,500 and most jobs do not require that level of degree. (Brian L. Yoder, PhD; 2011) Altogether, this makes not enough engineers in America, and 2012 graduation numbers are estimated to be about the same.
Some companies hiring large numbers of engineers: Dell, Schlumberger, Saudi Aramaco, General Dynamics, Deloitte, Microsoft, Amazon, URS, and Intel.
Note: Incrasing nubers eveery year, Mexico graduated 130,000 engineers and technician in 2012. From 2002 - 2012, Mexico doubled the number of public two-year colleges and four-year universities - tuition is less expensive than in the US. (William Booth,October 28, 2012)
At the end of August, into September 2013, approxiately 6,000,000 job listings were gathered from across all Internet listings by job aggregators and search engines like SimplyHired.com.
The employers listing the most open jobs are:
- Pizza Hut -- Food service, crew and managment.
- Swift Transportation Co. -- Trucking
- Telereach Corporate -- Telemarketing
- McDonald's -- Fast Food
- C.R. England -- Trucking
(In the recent past...)
- October 2012: American Job Openings Increase to 5 Million
How did advertised American jobs increase by 1,400,000 new jobs just after the First Presidential Debate between President Barack Obama and Mitt Romney in October 2012?
Where Are the Jobs?
The most jobs are nearly always clustered around the largest cities in America - NYC, Houston, Chicago, Atlanta, Dallas, Minneapolis-St. Paul and others.
I've researched and written several Hubs concderning where to find jobs and what jobs are available in the largest Numbers. These are liked below.
America has an average of over 7.5 million jobs listed across all Internet sites crawled on a daily basis. Additional jobs are not listed on any Internet source, but advertised in newspapers, over the radio, posted to physical job boards in companies, and in other places. Employment recruiters and staffing agencies, as well as University Placement offices are other sources of job listings. Even so, the population likely needs another several million jobs, so competition is real.
In today's job market, employment candidates need to show not only the usual hard and soft skills, but also a refreshing Can-Do attitude and something personally unique that sets them apart from other applicants. HubPages offers 100s of articles on these subjects that can help.
How to find an engineering job:
Where Many Jobs Are Located
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Useful Employment and Industry Market Forecasts for the United States and United Kingdom.
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Space Tourism has the potential to become of the largest Aerospace Industries of the 21st century. Spurred by science fiction as early as the 1800s, sci-fi fan clubs of the 1930s, the Space Race, and Homer Hickam, jobs in Aerospace are blossoming.
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Elements in space and on non-Earth celestrial bodies may differ from those found in the Periodic Table of Earth. In addition, the elements of Earth may be used in different ways by life
A Story That Hits the Mark
UK author, publisher at Tabitha Books, and music industry professional Graham Sclater of Devon released a 2013 novel called Too Big Too Cry. It speaks directly to the aftermath of the Financial Crisis. Even though set in the UK in 2010, it loudly echos the events of America as well.
Too Big To Cry
Graham Sclater; April 2013
ISBN-10: 0956397751 and ISBN-13: 978-0956397751
254 pages, softbound.
Too Big to Cry is powerful. The story reminds us of ourselves - or at least someone we have known that was affected by The Great Recession. The events and characters in this spellbinding story are surely those that have known i our communities. Their struggles are real and their reactions are genuine.
These people and their might make us more empathetic to our figurative neighbor and I think they will. When people lose everything, they face an endless vacuum, but a bit of human consideration can bring them back.
This loss is the crisis of the book: Brian and Sylvia Chapman and their medium-sized business, Brian Chapman Property Services, receive poor treatment from non-paying customers, embezzling employees, and smarmy banking schemes all at once. They seem too embattled not to fail.
Business declines affect CEOs, their employees, their families, and their communities. This story and its dialogue create a high tension wire of energy throughout. the book. The effects of financial crisis are more profound than we had imagined.
Brian Chapman struggles to keep his business and family alive, but tension overwhelms him. Employees scream at one another. The Apocalypse is coming. The home front crumbles as cars are repossessed and marauders attack.The threads of Mrs. Chapman’s sanity fray.
Too Big To Cry
In considerably reduced circumstances, Brian dresses in his raggedy clothing and takes his "new" dilapidated car and faithful dog on a journey to gain back his losses. He confronts those who hurt his family and business and learns what a man and a dog can do to change a community.
This story is too big not to read.
My Rating Review of "Too Big To Cry"
Graham Sclater Books
- UK UNEMPLOYMENT IN THE GREAT RECESSION
- The Great Recession in the US
The US Bureau of Labor Statistics (BLS) estimates that 8.4 million jobs were lost since the start of the recession.
- How the Great Recession Has Changed Life in America | Pew Social & Demographic Trends
Of the 13 recessions that the American public has endured since the Great Depression of 1929-33, none has presented a more punishing combination of length, breadth and depth than this one.