Job Search Discouraging For Many Americans

There's been all kinds of jive the last few months about how the economy has turned around, the housing market has turned around, the jobs market is turning around.

Let's be clear that the economy is still being propped up by the Federal Reserve printing press, the housing market is re-inflating in part because that Federal Reserve printing press program is helping Wall Street buy a ton of houses and the jobs market remains dismal for many:

WASHINGTON (AP) — After a full year of fruitless job hunting, Natasha Baebler just gave up.

She'd already abandoned hope of getting work in her field, counseling the disabled. But she couldn't land anything else, either — not even a job interview at a telephone call center.

Until she feels confident enough to send out resumes again, she'll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis.

"I'm not proud of it," says Baebler, who is in her mid-30s and is blind. "The only way I'm able to sustain any semblance of self-preservation is to rely on government programs that I have no desire to be on."

Baebler's frustrating experience has become all too common nearly four years after the Great Recession ended: Many Americans are still so discouraged that they've given up on the job market.

Older Americans have retired early. Younger ones have enrolled in school. Others have suspended their job hunt until the employment landscape brightens. Some, like Baebler, are collecting disability checks.

It isn't supposed to be this way. After a recession, an improving economy is supposed to bring people back into the job market.

Instead, the number of Americans in the labor force — those who have a job or are looking for one — fell by nearly half a million people from February to March, the government said Friday. And the percentage of working-age adults in the labor force — what's called the participation rate — fell to 63.3 percent last month. It's the lowest such figure since May 1979.

The falling participation rate tarnished the only apparent good news in the jobs report the Labor Department released Friday: The unemployment rate dropped to a four-year low of 7.6 percent in March from 7.7 in February.

People without a job who stop looking for one are no longer counted as unemployed. That's why the U.S. unemployment rate dropped in March despite weak hiring. If the 496,000 who left the labor force last month had still been looking for jobs, the unemployment rate would have risen to 7.9 percent in March.

"Unemployment dropped for all the wrong reasons," says Craig Alexander, chief economist with TD Bank Financial Group. "It dropped because more workers stopped looking for jobs. It signaled less confidence and optimism that there are jobs out there."

 There are simply not enough jobs:

"It's the lack of job opportunities — the lack of demand for workers — that is keeping these workers from working or seeking work," says Heidi Shierholz, an economist at the liberal Economic Policy Institute. The Labor Department says there are still more than three unemployed people for every job opening.

Cynthia Marriott gave up her job search after an interview in October for a position as a hotel concierge.

"They never said no," she says. "They just never called me back."

Her husband hasn't worked full time since 2006. She cashed out her 401(k) after being laid off from a job at a Los Angeles entertainment publicity firm in 2009. The couple owes thousands in taxes for that withdrawal. They have no health insurance.

She got the maximum 99 weeks' of unemployment benefits then allowed in California and then moved to Atlanta.

Now she is looking to receive federal disability benefits for a lung condition that she said leaves her weak and unable to work a full day. The application is pending a medical review.

"I feel like I have no choice," says Marriott, 47. "It's just really sad and frightening"

This is life in neo-feudal 21st century America.

The Best and Brightest running the country are technologizing everything they can, putting more and more people out of work and squeezing wages on everybody else, leaving more and more (often stolen) profits for the financial sector.

There is no end to this and you can bet that Obama calling for cuts to Social Security and Medicare isn't going to help that any.

The game is rigged, folks, and until the masses rise up against the bankster class and make them feel fear that they've got to loosen up the money, wealth and opportunity spigots a little, nothing is going to change.

That's why the Occupy movement was so scary to the oligarchs.

And that's why they, with the help of the Obama administration, destroyed the camps.

They want us all alone and isolated, fighting each other for what little remains of the social safety net.

So Much For That Turnaround

We kept hearing how sequestration and austerity wasn't hurting the economy. 

We heard how the 2% payroll tax hike in January wouldn't hurt consumer spending. 

We heard that the housing market is BACK and the markets are steaming at all-time highs and everything is ready to ZOOM, ZOOM, ZOOM.

And then we got this:

(Reuters) - American employers hired at the slowest pace in nine months in March, a sign that Washington's austerity drive could be stealing momentum from the economy.

The economy added just 88,000 nonfarm jobs last month, the Labor Department said on Friday, well below market expectations for a 200,000 increase. The jobless rate ticked a tenth of a point lower to 7.6 percent largely due to people dropping out of the work force.

Analysts suspected some of the weakness was due to tax hikes enacted in January. While retail sales data had not shown a big impact earlier in the year, retailers cut staff in March by 24,100.

"The U.S. economy just hit a major speed bump," said Marcus Bullus, trading director at MB Capital in London.

Let's add in long-term unemployment for a whole generation of older Americans laid off from their jobs and probably never going to work again, the looming Medicare and Social Security cuts President Obama is dying to inflict upon working and middle class Americans, the continued problems in the Eurozone where unemployment is at 12%, almost every country is in recession and one or two are near depressions, the stealth inflation the Fed has created by printing money faster than the speed of sound, the budget crisis which never seems to get resolved, and we have a whole host of reasons why this summer could very well cool down after a very "hot" winter - just the way the last two summers saw cool downs after the economy looked to be turning around in January/February.

Push For Science Majors, But Lots Of Unemployed Ph.D's Already

So reports the Washington Post:

Michelle Amaral wanted to be a brain scientist to help cure diseases. She planned a traditional academic science career: PhD, university professorship and, eventually, her own lab.

But three years after earning a doctorate in neuroscience, she gave up trying to find a permanent job in her field.

Dropping her dream, she took an administrative position at her university, experiencing firsthand an economic reality that, at first look, is counterintuitive: There are too many laboratory scientists for too few jobs.

That reality runs counter to messages sent by President Obama, the National Science Foundation and other influential groups, who in recent years have called for U.S. universities to churn out more scientists.

Obama has made science education a priority, launching a White House science fair to get young people interested in the field.

But it’s questionable whether those youths will be able to find work when they get a PhD. Although jobs in some high-tech areas, especially computer and petroleum engineering, seem to be booming, the market is much tighter for lab-bound scientists — those seeking new discoveries in biology, chemistry and medicine.

“There have been many predictions of [science] labor shortages and . . .robust job growth,” said Jim Austin, editor of the online magazine ScienceCareers. “And yet, it seems awfully hard for people to find a job. Anyone who goes into science expecting employers to clamor for their services will be deeply disappointed.”

Oh, but wait - Obama and the rest of the corporate education reformers say if we just push more students to study science, we'll have a much more competitive workforce and people will have good paying jobs that will allow them to live a middle class lifestyle.

Except that's horseshit:

One big driver of that trend: Traditional academic jobs are scarcer than ever. Once a primary career path, only 14 percent of those with a PhD in biology and the life sciences now land a coveted academic position within five years, according to a 2009 NSF survey. That figure has been steadily declining since the 1970s, said Paula Stephan, an economist at Georgia State University who studies the scientific workforce. The reason: The supply of scientists has grown far faster than the number of academic positions.

The pharmaceutical industry once offered a haven for biologists and chemists who did not go into academia. Well-paying, stable research jobs were plentiful in the Northeast, the San Francisco Bay area and other hubs. But a decade of slash-and-burn mergers; stagnating profit; exporting of jobs to India, China and Europe; and declining investment in research and development have dramatically shrunk the U.S. drug industry, with research positions taking heavy hits.

Since 2000, U.S. drug firms have slashed 300,000 jobs, according to an analysis by consulting firm Challenger, Gray & Christmas. In the latest closure, Roche last month announced it is shuttering its storied Nutley, N.J., campus — where Valium was invented — and shedding another 1,000 research jobs.

“It’s been a bloodbath, it’s been awful,” said Kim Haas, who spent 20 years designing new pharmaceuticals for drug giants Wyeth and Sanofi-Aventis and is in her early 50s. Haas lost her six-figure job at Sanofi-Aventis in New Jersey last year. She now works one or two days a week on contract at a university in Philadelphia. She has to dip into savings to make ends meet.

“Scads and scads and scads of people” have been cut free, Haas said. “Very good chemists with PhDs from Stanford can’t find jobs.”

Largely because of drug industry cuts, the unemployment rate among chemists now stands at its highest mark in 40 years, at 4.6 percent, according to the American Chemical Society, which has 164,000 members. For young chemists, the picture is much worse. Just 38 percent of new PhD chemists were employed in 2011, according to a recent ACS survey.

Although the overall unemployment rate of chemists and other scientists is much lower than the national average, those figures mask an open secret: Many scientists work outside their chosen field.

“They’ll be employed in something,” said Michael S. Teitelbaum, a senior adviser to the Alfred P. Sloan Foundation who studies the scientific workforce. “But they go and do other things because they can’t find the position they spent their 20s preparing for.”

Many Ph.D's are working low wage jobs - sometimes doing low paying post doc jobs for five, seven or ten years. Most post doc's are being exploited by a system set up to do just that:

The lack of permanent jobs leaves many PhD scientists doing routine laboratory work in low-wage positions known as “post-docs,” or post-doctoral fellowships. Post-docs used to last a year or two, but now it’s not unusual to find scientists toiling away for six, seven, even 10 years.

Until recently, Amaral, 39, the neuroscientist, was one of perhaps 100,000 scientists — the figures are fuzzy — in the United States working as a post-doc. After earning her expensive doctorate in neuroscience, which took seven years and she financed by working and drawing down her savings, Amaral spent a year counting blips on a computer screen for another scientist.

“I couldn’t answer the question of how this was any different from undergraduate work,” Amaral said.

Salaries for university post-doc jobs start at about $39,000, according to the National Postdoctoral Association. They require a science PhD — which can leave the recipient buried in debt. Benefits are usually minimal and, until a decade ago, even health insurance was rare.

Stephan calls the post-doc system a “pyramid scheme” that enriches — in prestige, scientific publications and federal grant dollars — a few senior scientists at the expense of a large pool of young, cheap ones.

“I don’t think anybody minds sucking it up for a year or two, seeing it as an apprenticeship,” said Zoe Fonseca-Kelly, a PhD geneticist who spent seven years as a post-doc at three universities. “What’s very frustrating is that it’s turned into a five-year process. People get very disillusioned with it.”

Fonseca-Kelly got fed up with it, too. She left the lab for an administrative job at Harvard Medical School.

The post-doc system is “dysfunctional and not sustainable in the long term,” Princeton University President Shirley Tilghman told top brass at NIH earlier this month. Tilghman heads an NIH-appointed panel that is wrestling with overhauling how that agency trains new scientists. A new report from her group calls for better pay and more benefits for post-docs and major changes in how NIH funds young scientists.

Like many scientists, Amaral grew disillusioned with the system that left her with an expensive degree but few job options. She left her lab in December after federal funding for her post-doc position ran out. She now works as an administrator at the University of Alabama-Birmingham and is in a “holding pattern,” unsure whether — or how — to advance a science career she spent more than a decade working toward.

“I’ve listened to this stuff on the news about how we need more scientists and engineers,” she said. “I’m thinking, ‘What are you talking about?’ We’re here. We need something to do besides manual labor for another academic person.”

So Obama is pushing for more scientists when we already have a glut of them, there are few jobs for the ones who are already here, and the future looks even bleaker as budget cuts and outsourcing makes the situation even worse for science Ph.d's.

And of course he blames public schools and public school teachers for many of the country's economic woes, but he says once we re-do the system so that we can graduate more STEM majors, all will be well.

Except we already have a glut of many of those majors and they're working at the science equivalent of The Gap while they watch the interest owed on their student loans crush them for life.