July 29, 2011
“Hope is gone. The future is terrifying.”
Those were the sentiments of D.V. from Modesto, CA, concerning her and her husband’s job situation. She was an eligibility case manager and he was a company representative; both were laid off in 2009. Since then, “My husband and I went from making $150K a year to scraping out (if we're lucky) $24K a year. Don't get me wrong, we are lucky to have even that, but it IS a stark reality to have fallen so far so fast."
Another stark reality is the fact that the jobs market has stalled and job creation has fallen to its lowest level of 2011. The June 2011 employment report contained plenty of bad news; only 18,000 jobs were created, the unemployment rate increased to 9.2 percent, and hourly wages and hours worked both fell slightly. The job creation revisions for April and May were both to the downside.
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