Archive for August 24th, 2011

Down to 38 … what, me worry?

August 24, 2011

Lost among the news about Libya and the east coast earthquake …

Yesterday, President Obama’s approval rate dropped to a new low … now.  Gallup says that only 38% approve of the job he’s doing.

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Fortunately, the drop didn’t phase the vacationer-in-chief … though, it was reported that the earthquake was felt in Martha’s Vineyard and almost jiggled the President’s ice cream out of its cone.

“Let them eat ice cream …”

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Posted in Obama, Polls & Surveys | 1 Comment »

How much time do unemployeds spend searching for jobs?

August 24, 2011

Answer: Not much … but, I bet you suspected as much.

According to Freakonomics and The Atlantic:

A new study by economists from Princeton and the University of Chicago breaks it down. The bulk of foregone market work time during the recent recession, they say, is spent on leisure. Only 1% is spent searching for a job.

Hmmm

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* * * * *

Time distribution of unemployed Americans:

  • 20% to sleeping.
  • 15% to “other leisure,” including listening to music and being on the computer, exercising and recreation, and hobbies such as arts, collecting, writing.
  • 13% to core home production activities (cooking, cleaning, laundry, etc.)
  • 12% to watching TV.
  • 12% to time investments in own health care, own education, and civic activities.
  • 8% to increased shopping.
  • 7% to home maintenance and repair.
  • 6% to child care.
  • 4% to the care of other older adults.
  • 1% of the foregone market work hours are allocated to job search.

Ken’s Take: 99 weeks of unemployment benefits sure can shift a person’s priorities …

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Posted in Employment - Jobs, Unemployment | Leave a Comment »