REAL STORIES
BY REAL PEOPLE Search
Wednesday, October 18, 2017

1,500 Applicants for 50 Jobs? The Reality in America Today

by michael lombardi (writer), Florida, January 17, 2014

What I just mentioned above is not an isolated event. I have reported other events like this in these pages before—a large number of people applying for very few jobs.

In New York last week, 1,500 people lined up for 50 apprenticeship positions as painters and decorators. These are union jobs, and only 500 applications are being accepted. Some hopefuls lined up in front of the District Council 9 office for days in extremely cold weather. If they are able to get the job, they will receive $17.20 an hour during the first year. After one year, they may get hired as a full-time employee. (Source: Eyewitness News, January 10, 2014.) This equates to about $37,000 per year considering one would work 40 hours a week.

Hold on a second: I thought the jobs market was strong in the U.S. economy? How come we are seeing such massive lines for a very small number of jobs?

What I just mentioned above is not an isolated event. I have reported other events like this in these pages before—a large number of people applying for very few jobs. It’s a fact that continues to be ignored: the U.S. jobs market remains bleak and the better-paying jobs are just not there.

In the entire year of 2013, the total non-farm payroll jobs market grew by 2.03 million jobs. But the majority of these positions were created in low-paying jobs.

Retail trade jobs in the U.S. economy increased by 358,400 last year—about 18% of all jobs created in 2013. The well-paying sectors of the jobs market, such as construction and manufacturing, didn’t see as much growth: construction jobs increased by 98,000 and manufacturing jobs in the U.S. economy increased by 63,000 in 2013. Together, the higher-paying jobs made up less than eight percent of all the jobs created in 2013. (Source: Federal Reserve Bank of St. Louis web site, last accessed January 13, 2014.)

Continue Reading : 1,500 Applicants for 50 Jobs? The Reality in America Today



About the Writer

Michael bought his first stock when he was 17 years old. He quickly saw $2,000 of savings from summer jobs turn into $1,000. Determined not to lose money again on a stock, Michael started researching the market intensely, reading every book he could find on the topic and taking every course he could afford. It didn’t take long for Michael to start making money with stocks, and that led Michael to launch a newsletter on the stock market.
Want to write articles too? Sign up & become a writer!

0 comments on 1,500 Applicants for 50 Jobs? The Reality in America Today



Add A Comment!

Click here to signup or login.


Rate This Article


Your vote matters to us



x


x