CA unemployment same in October: 12.4%
The Employment Development Department released its report on October 2010 employment on Friday, and the unemployment rate was unchanged at 12.4%, although nonfarm payroll jobs increased by 39,000 during October. The September report had an unemployment rate of 12.4% and a DECLINE of 63,600 jobs. The latter figure was revised to a loss of 53,600 jobs in September. The unemployment rate in the United States was also unchanged during October, at 9.6%.
So… why has the recovery stalled?
It seems to be pretty simple, actually. 
“American” businesses, sitting on piles of cash, have chosen to invest that cash overseas rather than investing it in rehiring American workers. Now, the businesses are concerned that the borrowing of federal dollars by states (like California) that have exhausted their funds for unemployment insurance means that business will have higher unemployment taxes for years to come! Jobless benefits have totaled $319 billion in the last three years. Most individual people would have seen this coming!
Corporations are treated like individuals for tax purposes. The award-winning documentary film, “The Corporation,” examined what kind of individuals corporations actually seem to be, on the basis of their behaviors. Although the makers of the film definitely had a point of view, their arguments that corporations show the traits of individuals with psychopathic personalities (roughly 1% of the general human population) seem pretty convincing. The name of the mental disorder previously known as psychopathy was changed in 1980 to Antisocial Personality Disorder. Fortunately, I have reported directly to only two of these folks and know of only one in the neighborhood.
Characteristics of people with antisocial personality disorder may include:
- Persistent lying or stealing
- Apparent lack of remorse or empathy for others
- Cruelty to animals
- Poor behavioral controls — expressions of irritability, annoyance, impatience, threats, aggression, and verbal abuse; inadequate control of anger and temper
- A history of childhood conduct disorder
- Recurring difficulties with the law
- Promiscuity
- Tendency to violate the boundaries and rights of others
- Aggressive, often violent behavior; prone to getting involved in fights
- Inability to tolerate boredom
- Disregard for right and wrong
- Poor or abusive relationships
- Irresponsible work behavior
- Disregard for safety
One BIG difference between corporations and individuals is that individuals are often PATRIOTIC. Many corporations are definitely not patriotic. After they destroy the economy of their host country, they may conceivably move on to destroy the economy of the next host, locust-like.
The California unemployment report says:
The report goes on to discuss the employment situation in a number of industries:
“Five industry divisions (mining and logging; professional and business services; educational and health services; leisure and hospitality; and other services) posted job gains over the year, adding 87,000 jobs. Professional and business services recorded the largest increase over the year on a numerical basis, up 58,600 jobs (a 2.9 percent increase). Mining and logging recorded the largest increase over the year on a percentage basis, up 3.7 percent (an increase of 900 jobs).
Six categories (construction; manufacturing; trade, transportation and utilities; information; financial activities; and government) posted job declines over the year, down 114,400 jobs. Construction employment showed the largest decline over the year on both a numerical and percentage basis, down by 45,700 jobs (a decline of 7.9 percent).”
-Bill at
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