Dave Manuel Logo
Friday, March 12, 2010




 
FRONT PAGE
STOCK QUOTES
SPECIAL FEATURES
REVIEWS
ARTICLE ARCHIVE
NEWSLETTERS
DICTIONARY
TWITTER ALERTS
STOCK TWEETS
U.S. DEBT CLOCK
U.S. UNEMPLOYMENT
ADVERTISE
ARTICLE FEED
BLOG FEED



2009-10-09 00:41:00

Thousands of People Apply for 90 $13/Hour Factory Jobs



-- general electric logo - jobs available -- With the national unemployment rate ticking closer towards the 10% mark, jobs are obviously much harder to come by.

According to recently released reports, there are supposedly over 2 million full-time jobs that are currently unfilled in the United States.

However, for many people, especially those with little to no education, jobs (well-paying ones or otherwise) are particularly hard to come by right now.

Millions upon millions of people have lost their jobs since the start of the "Great Recession", and there is really no relief in sight.

The unemployment numbers continue to march higher as hundreds of thousands of jobs continue to be lost every month.

The manufacturing and construction sectors have been particularly hard-hit in the United States, so when there is a job opening in these fields, thousands usually apply, hoping to strike gold.

A recent job opening in Louisville received a crush of interest from unemployed workers.

General Electric announced that they were hiring 90 people to build washing machines.

The pay? $13/hour, which works out to around $27,000 per year.

Four years ago, this exact same job paid $19 per hour, but unions agreed to wage cuts in order to keep people in their jobs.

Despite the low wages, these jobs provide benefits that have people applying from all over. Benefits that include medical, dental and tuition assistance.

It's not a surprise that a job that provides security and benefits in this economy would receive thousands of applicants.

Instead, the situation is just a prime example of how bad things really are right now. Some people tend to lose sight of just how many people are in a very dire situation right now.

The things that really struck me after reading the article were:

-the fact that 10,000 people applied in just three days

-the same job paid $19 per hour just a few years ago

-the diverse mix of recently unemployed people who are vying for this job

People from all walks of life are applying for this job - not just recently laid-off factory workers.

You have recently graduated college students applying. You have recently laid-off financial sector workers applying. You have stay-at-home moms applying that are forced to work because of their families' rapidly deteriorating financial situation. The list goes on and on.

I guess the big question is - what happens to the 9,910 people that don't get hired for this job at GE?

Until the United States figures out how to put millions of people back to work, the economy will have a very hard time putting in any sort of a meaningful recovery.

Source: The Courier-Journal - 10,000 apply for 90 factory jobs

Filed under: The Economic Meltdown




Related Articles
-- Unemployment in MIchigan - Automakers - Illustration - Sad cars --
Posted on: 2010-03-11 00:57:00
Unemployment Rate Up in 30 States in January
-- Illustration - Home printer printing U.S. dollar bills - money --
Posted on: 2010-03-10 06:30:00
One Year Ago Today..
-- Illustration of a gold bar / brick  --
Posted on: 2010-03-09 10:11:00
John Paulson's Four Billion Dollar Plus Long Positions
-- Sniper zeroing in on the City logo behind a hedge - Illustration --
Posted on: 2010-03-08 09:50:00
Hedge Funds Are Zeroing In On Citigroup
-- Mega Cap Stocks - Exxon Mobil, Microsoft and Wal-Mart - and new addition - Apple - company logos - Illustration --
Posted on: 2010-03-07 07:07:00
Apple Has Nearly Reached "Mega Cap" Status




COMMENTS

No comments yet.

Comments are temporarily down.





Stock Market Quotes

Davemanuel.com recently launched its very own stock market quotes page.

1. MOST RECENT NEWS RELEASES

2. MOST RECENT TWITTER POSTINGS

3. MOST RECENT YAHOO FINANCE POSTINGS

4. MOST RECENT BLOG POSTINGS

5. CHARTS



Twitter

246


Dow Jones10611.84+44.510.42%
Nasdaq2368.460.000.0
S&P 5001150.240.000.0



SPECIAL FEATURES

United States Debt Clock

Where Did The DJIA/NASDAQ/S&P 500 Trade On..

History of Deficits and Surpluses in the U.S.

Inflation Calculator

Historical Unemployment Rates in the United States

Historical State Unemployment Rates

Canada Debt Clock

UK National Debt Clock

A History of Bank Failures in the United States

Mortgage Refinancing Calculator

Dow Jones Historical Data

Nasdaq Historical Data

S&P 500 Historical Data

Stock Market Guru Twitter Alerts

Historical Gold Prices

Median Household Income History

State Population Trends Since 2000




BLOG POSTINGS

100 Financial Dictionary Entries

New Tool For Looking Up DJIA / NASDAQ / S&P 500 Historical Data Launches

Beginning of an Era? Ebooks Outsell Physical Books on Amazon.com on Christmas Day

Bernard Madoff Nearly Beaten to Death in Prison

Google Legally Avoids Paying 450 Million Pounds of Tax in Britain Last Year

Historical State Unemployment Rate Tool Launches

How Do The Markets Tend to Perform in December?

More Arrests Made in Galleon Group Insider Trading Case

CNBC Viewership Numbers Are Trending Downwards

Amazon.com Surges to New All-Time High After Q3 Earnings





FUND HOLDINGS

Farallon Capital Management, L.L.C.

Eton Park Capital Management, L.P.

Conatus Capital Management LP

Bill & Melinda Gates Foundation Trust

Third Point LLC

Paulson and Co. Inc.




REVIEWS

Barbarians at the Gate Book Review

The Dip Book Reviews

Too Big To Fail Book Reviews

Thinkorswim Reviews

Hulbert Interactive Reviews



MOST RECENT DICTIONARY ENTRIES

Credit Default Swap

Liar Loan

Mega Cap Stock

Level 3 Assets

Nascent Recovery

Small Cap Stock

Micro Cap Stock

AA Bond Rating

Real Dollars

Nominal Dollars



CREDIT CARDS AND OTHER SERVICES

The Top Three Online Stock Brokers In Canada

Questrade Review

Jim Cramer Action Alerts Plus Review

The American Express Platinum Credit Card

Direct Access Brokers: The Best of the Best

Discover More Card Review

American Express Platinum Credit Card Review

American Express Gold Card Review

Questrade Promotional Code - Qualifying for Your Free Commissions

Hulbert Interactive Review

Marketwatch Options Trader Newsletter Review

Retirement Weekly Newsletter Review

Barron's Online Review

Wall Street Journal Subscription - Up to 80% Off Regular Price

Wall Street Journal Subscription Discount

Barron's Subscription Discount - Over 40% Off The Newsstand Price

Barron's Coupon Code



INTERNATIONAL CONTENT

Comment Acheter un Amazon Kindle en France




PROMOTIONS AND OFFERS

Where To Buy a Kindle?

WSJ Subscription Discount - Up to 80% Off

How to Buy an Amazon Kindle in Canada

Amazon Kindle Canada Review

Hercule Poirot DVD Reviews




ARTICLE ARCHIVES

Blog Posts

Company Reviews

Daytrading

General Knowledge

General Market News

Health + Fitness

Hedge Fund News

Internet Companies

Making Money Online

Motivational

Online Forex Trading

Real Estate News

Stock Market Education

Stock Market Scandals

The Economic Meltdown

Trader Profiles



DaveManuel.com - Copyright 2010, All Rights Reserved | Advertise | Privacy Policy | Disclaimer