Good news and bad on unemployment front in U.S.

By Kathleen Kenna and Hadi Dadashian

To paraphrase Charles Dickens, it was the worst of years, it was a better year.

It was the worst year, because we’re both still unemployed, despite hundreds of job applications, job fairs, informational interviews and more.

It was a better year, because we resumed full-time job searches after growing our own company, Ocean’s Edge Media.

Good news: Our small business made more money in 2012 than in 2011.

Bad news: Our revenue still puts us below the poverty line — even before expenses.

Best news: We landed our first cover story for a Canadian magazine, and Kathleen landed her first major magazine story (Condé Nast). Our newspaper and online assignments ranged from mental health research to travel stories in California, Arizona, both Washingtons, and Canada.

Our public speaking and photography gigs increased.

It was a better year for three reasons:

1.  We expanded our reach with writing and photojournalism, tapping new markets and making a lot of new contacts. Already, our advance assignments portend a better financial year in 2013.

2.  We cut costs by moving to a smaller city.

3.  Kathleen finished her training as a CTP (Certified Trauma Professional) and became a U.S. citizen.

The latter is key, because she began to get interviews from dozens of job applications after her citizenship ceremony. In the previous 18 months as a Green Card holder, Kathleen had only a couple of interviews in her rehabilitation counseling field, despite more than 200 applications.

Investment in lawyers, paper work, etc. for Green Card and citizenship: About $7,000.

How we know the economy is really recovering

We both had more serious job interviews in the past four months than we’ve had during job searches in the past two years.

Kathleen was so excited after an Oregon state interview for vocational rehabilitation counselor, she posted at living in gratitude that it was “the best job interview in my life.”

Hadi is encouraged that there appears to be more growth in his field, optical, possibly because Americans are feeling confident enough to spend money on their health and eye care again.

(While some analysts were heartened by a dip in consumer spending on health care during the recession, we suggest it’s because people who are unemployed stop spending money on doctors, medical tests, dentists, and filling optical and other prescriptions because they’ve lost insurance. Other essentials — like food and shelter — claim any household funds before health care. It’s astonishing that 47 million Americans survive on Food Stamps, a U.S. record.)

The White House soothes some Americans with the news that the economy is recovering, and our success in landing more interviews confirms that it’s improving.

But it’s such a slow improvement that we believe the U.S. is still in a recession — a psychological recession. GDP growth of 2-3% makes us, as President Barack Obama likes to say, “cautiously optimistic.”

At job fairs this fall, we spoke to other job seekers in our age group (40s, 50s), and realized that long-term unemployment is, sadly, far too common still for people who have worked decades without ever being jobless. (In Hadi’s case, that’s working decades without any sick days or “personal time” off!)

So we’re encouraged that the national unemployment rate has dropped to 7.9% after starting 2012 at 8.3%. As we’ve written many times before, however, those stats don’t mean much to people who haven’t collected unemployment benefits and aren’t on national rolls.

Those stats don’t reflect so-called “discouraged workers”, who aren’t conducting full-time job searches either. Washington defines discouraged workers as people who have stopped looking for work. Since the Labor Department also defines discouraged workers as people who haven’t looked for work in four weeks, we don’t fit that official definition either.

Judging from the comments of other job fair participants, we’re all discouraged — no one is filing job applications full-time when they land freelance work (like us) or temporary, under-the-table work (like many engineers, carpenters and others finding sporadic work as housing starts improve). Even 23 million unemployed Americans have to pay their bills somehow.

Unemployment has decreased to 8.4% in our state of Oregon, so we’re at #40 in the U.S. All the new jobs are in the midwest, from the Dakotas to Iowa and Wyoming. North Dakota has the lowest unemployment rate in the country, at 3.1%, followed by Nebraska at 3.7%.

Worst unemployment? Nevada still leads the country at 10.8%, followed by Rhode Island at 10.4%, California, 9.8%, and New Jersey, 9.6%. Our state, Oregon, is ranked #40 out of 51, with an official jobless rate of 8.4%.

Corporate cash stockpiles at $5 trillion

Given the severity of this country’s continuing high joblessness (it was only 2008 when the U.S. rate was 5%), we had hoped the November election would help calm markets and spur corporations to start creating jobs with their estimated $5 trillion in cash stockpiles.

But “fiscal cliff” negotiations have agitated markets and affected consumer and business confidence. At Hire Your Neighbor, we want to be certain that unemployment benefit extensions are approved for those who need them most.

We’re optimistic that 2013 will be a better year for us and other under/unemployed workers seeking real jobs. We’re not so optimistic about Washington overcoming its partisan divisions to tackle the real issues affecting job growth in this country: deficit reduction, government spending, and significant tax reform.

We are certain that the next debate, about the U.S. debt ceiling, will do little to calm fears of Americans, employed or not.

NEXT: The good news about full-time work after 3 years of unemployment