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Unemployed Americans Are Not Optimists

Anyone who has ever been unemployed or underemployed (working part-time or freelancing when one needs full-time work) knows that it’s quite easy to get down

Jul 31, 2020
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Anyone who has ever been unemployed or “underemployed” (working part-time or freelancing when one needs full-time work) knows that it’s quite easy to get down about your employment prospects. But just in case you thought the 20 percent of Americanswho are among the ranks of the un- and underemployed were happy, Gallup has a new polljust to prove they don’t love being on the margins of society.
Sixty-eight percent of those working part time are not optimistic about finding a full-time job and 55 percent of those unemployed are not hopeful about their prospects.
Of course, unlike economists and statisticians at the Labor Department, they don’t need to wait for depressing weekly or monthly unemployment figuresto know that the economy sucks.
Interestingly, the same study shows that Obama polls more favorably among the underemployed than among the general public: He has a 55 percent approval rating among the underemployed and 49 percent overall. Of course, other studies showed recently that the wealthy are facing hardly any unemploymentand the financial industry, which received a huge boost from the administration last year, may be shifting some political donations to Republicans(although that may just be spin, depending on how the rest of the election cycle plays out this year). Perhaps, then, Obama should hope that his newly passed jobs bill isn’t successful, lest those who benefit from it turn against him as soon as they have hope again.
Dexter Cooke

Dexter Cooke

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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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