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Thread: Long-term unemployment rate still sky-high

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    Long-term unemployment rate still sky-high

    Long-term unemployment rate still sky-high

    By Charles Riley, staff reporter January 27, 2011: 5:08 PM ET

    NEW YORK (CNNMoney) -- The number of Americans suffering through long-term unemployment remains stubbornly high, according to a study released Thursday.

    More than 30% of the 14 million Americans who were on unemployment rolls in December have been there longer than a year, the Pew Charitable Trusts said, an increase of 25% over last year.

    The totals are eye-popping, and translate into more than 4.2 million people, or roughly the total population of Kentucky.

    But there is a glimmer of good news, as December's total is a decrease of 200,000 from August 2010.

    But for the unemployed, those figures offer little relief. The amount of federal money spent on unemployment insurance benefits is set to decline, according to data from the Congressional Budget Office. Total federal spending on both long- and short-term unemployment benefits will fall to $129 billion in fiscal year 2011, a $30 billion decrease from the previous year.

    Long-term unemployment rate still sky-high - Jan. 27, 2011
    It's pretty obvious what the Obama administration and the Democrats have done so far has had little to no effect on unemployment. If the EPA starts enforcing some kind of cap and trade, energy prices will rise sharply just like the did in the EU.

    stagflation (a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation))

    WordNet Search - 3.0
    I very vividly remember the stagflation of the Carter years and I for one wouldn't care to relive them.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: Long-term unemployment rate still sky-high

    Quote Originally Posted by Prof. Peabody View Post
    It's pretty obvious what the Obama administration and the Democrats have done so far has had little to no effect on unemployment. If the EPA starts enforcing some kind of cap and trade, energy prices will rise sharply just like the did in the EU.

    I very vividly remember the stagflation of the Carter years and I for one wouldn't care to relive them.
    Where did you get that story? CNN! I guess they forgot the talking points for the month of January.

    WASHINGTON (AP) - President Barack Obama is talking up the latest economic news as a clear trend toward an improving economy.

    The president used his weekly radio and Internet address Saturday to ...

    Obama Says Economy Improving - 11Alive.com | WXIA | Atlanta, GA
    I think they need to flush, I mean "invest" even more trillions down the crapper.

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Long-term unemployment rate still sky-high

    Prior to the change in the way the calculations are made back in the mid 1980s our true numbers are closer to 17% and I see no change in the near future because so far Obama has no clue how to deal with the situation.

    I only hope that Obama's failures show everyone that the White House is no place for and amateur to do on the job training no matter how well he or she reads a teleprompter.

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    Re: Long-term unemployment rate still sky-high

    I think some leftists need to get on this thread and defend Obama. Step up to the plate so we can debate.

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    Re: Long-term unemployment rate still sky-high

    The new BLS ststs come out tomorrow morning.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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