Page 2 of 13 FirstFirst 123412 ... LastLast
Results 11 to 20 of 126

Thread: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass Sen

  1. #11
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 08:47 PM
    Gender
    Lean
    Libertarian
    Posts
    41,580

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Who is counted as unemployed?
    Persons are classified as unemployed if they do not have a job, have actively looked for work in the prior 4 weeks, and are currently available for work. Actively looking for work may consist of any of the following activities:

    Contacting:
    An employer directly or having a job interview
    A public or private employment agency
    Friends or relatives
    A school or university employment center
    Sending out resumes or filling out applications
    Placing or answering advertisements
    Checking union or professional registers
    Some other means of active job search
    It does not matter whether the person is getting unemployment benefits, nor how long he/she has been unemployed.

    So, if the failure to pass an extension will lower unemployment, it might be by encouraging people to take a job, any job, rather than have no income at all.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  2. #12
    Banned
    Join Date
    Aug 2012
    Last Seen
    08-19-16 @ 02:13 PM
    Gender
    Lean
    Conservative
    Posts
    5,243

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by PeteEU View Post
    Sure cut them off, and remove them from the labour force for being lazy.... but that does not mean that there are jobs for them to get and that is the problem. All it does, is increase the poverty levels.. and I guess that is the strategy of the GOP these days.
    Interesting perspective. Just for giggles I pulled up my local small town paper and looked at the classified. 2 pages. Anything from wait staff and cooks for Huddle House, hotel desk and cleaning staff, entry level manufacturing, several levels of nursing positions for hospital, in home and retirement facilities, tax preparation and sales positions. Seems there are some jobs available, and at various levels of skill and pay.

  3. #13
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 02:54 PM
    Gender
    Lean
    Centrist
    Posts
    29,090

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by CanadaJohn View Post
    You know, to be blunt, that's just so much crap.
    Oh is it.. lets see.

    According to numbers I've seen there are upwards of 4 million job openings in the US and that is projected to rise this year and for the next decade.
    Yes...lets take that at face value.

    There are many reasons these positions aren't being filled but three primary ones are 1) the skills required for the jobs available don't match the skill set of those looking
    Yes, and that is not a problem? You can have 4 million jobs in high tech, but still have 4 million unemployed if those people dont have the skills to take up those jobs. And no, you dont just learn new skills overnight.. that takes years, if not decades, it is expensive and not easy to do the older you get. There is a reason that 50 year olds dont just go out and start coding.

    And it is most likely here most of the 4 million jobs are.... high tech, highly specialized areas. This is where your high education costs bite you in the ass.

    2) too many unemployed are looking for jobs that pay them the same or higher than the ones they lost,
    And what is wrong with that? An office manager with years of experience coming from a 50 k a year job wont go out and get a 15k a year job at a burger joint just to have a job. The economic reality is that he and his family have a certain living standard and to go from 50 to 15 k a year would be a massive change, that very few people are willing to do unless forced, and frankly we should not force them... force them into poverty. And that is exactly what some of the right want to do.. because that will drive down wages, which means more profit for the companies. But what they dont realize, is that driving down wages and people into poverty, also means less demand for the goods these companies make... which means even less profits. It is an evil circle.

    3) uncertainty in the economy, around things like Obamacare, that keep businesses leary of new hires and more selective than they may otherwise be.
    That is political bull****. Business that hire the most are not even effected by Obamacare. Sure there is uncertainty but there is always that.. and the uncertainty at the moment is due to the gridlock in the US congress.

    The biggest problem for US job creation is not Obamacare.. but Congress and the constant bull**** and lack of a spine to do what is needed and not what their personal corporate backer wants. Liberalization of the US economy, opening up of markets and removal of regulations that are strangle holding job creation. Yes that would mean getting rid of Obamacare.. but replacing it with UHC funded via taxes, and hence taking the burden away from the companies.

    So as I said, no extension to unemployment insurance should be adopted unless it's fully paid for and it's tied specifically to training initiatives. And yes, some are lazy and don't want to work at anything they consider "beneath" them and would rather sit on their asses collecting unemployment insurance for 2 plus years.
    Ahh you never said anything about "training initiatives".. I agree there... up to a point of course.

    Get government out of the way and ditch the incentives to be lazy. Nothing makes a person take a job faster than an empty belly and a need to ensure your own survival.
    Typical right wing idea.. it dont work if there are NO JOBS! There can only be so many burger jobs and cleaning lady jobs. You need to create jobs across the economy, for everyone, not only in certain industries. And that is the problem. You have millions of Americans with relatively low education and most jobs are in high tech, high education areas. That miss-match will not change just because you remove unemployment.. all it means is you increase your poverty levels.
    PeteEU

  4. #14
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 08:47 PM
    Gender
    Lean
    Libertarian
    Posts
    41,580

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by tech30528 View Post
    Interesting perspective. Just for giggles I pulled up my local small town paper and looked at the classified. 2 pages. Anything from wait staff and cooks for Huddle House, hotel desk and cleaning staff, entry level manufacturing, several levels of nursing positions for hospital, in home and retirement facilities, tax preparation and sales positions. Seems there are some jobs available, and at various levels of skill and pay.
    Speaking of local stories:

    FRESNO, Calif. -- If you are looking for work you still have time to make it to Target's job fair in Northwest Fresno.

    More than 1,000 people applied for a position at the new Target store at the job fair held at Rio Vista Middle School. The store is being built near the campus at the El Paseo shopping center. The company is looking to hire about 200 people to work there.

    Target team leaders say it is great to see so many interested applicants.

    "When I showed up at 8 a.m. there was probably 75 people already in line and this didn't start until 11," Target Store Team Leader Curt Cappello said. "In this economy a lot of people want to get a job, but i like the fact that people want to get a job at target even more."
    link

    1,000 applicants so far for a possible 200 jobs, people lined up more than three hours early, doesn't look as if it is a job seeker's market exactly, or that people don't want to work.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  5. #15
    Guru
    scatt's Avatar
    Join Date
    Dec 2013
    Last Seen
    02-09-17 @ 10:57 AM
    Lean
    Undisclosed
    Posts
    4,721

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by PeteEU View Post
    Sure cut them off, and remove them from the labour force for being lazy.... but that does not mean that there are jobs for them to get and that is the problem.
    They are already out of the labor force in reality.

  6. #16
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by specklebang View Post
    Thank you for your clear, unbiased explanation.

    So, this is theoretical (it seems) that getting unemployment (renewed) would cause people to stop looking. I would think it would have the opposite effect since this extension can't be counted on to repeat. So, it seems inappropriate for this to "lower the unemployment rate".

    That's why I don't take these numbers very seriously. They are just educated guesses with convenient assumptions. Nobody really knows the state of the economy. To me, it seems the economy is OK but that a lot of low end workers are not OK. Does that matter (unless you're one of the low end workers)? Or is "the economy" actually pretty good?

    My state has the highest "unemployment rate" so I'm genuinely concerned. I don't want to live among poverty. I want the middle class to do well. I want my neighbors to have jobs (my friends all have jobs). So, I wish I could know how the economy is REALLY doing.
    And there are those that don't think the economy is okay.

    Marc Faber Warns "The Bubble Could Burst Any Day"; Prefers Physical Gold To Bitcoin | Zero Hedge

  7. #17
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 08:06 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by DA60 View Post
    Mr. Doom-n-gloom was telling investors to short Treasuries in early 2009.

    Woops!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  8. #18
    Sage
    Perotista's Avatar
    Join Date
    Jan 2013
    Location
    Georgia
    Last Seen
    Today @ 08:41 AM
    Gender
    Lean
    Other
    Posts
    17,950
    Blog Entries
    25

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by DA60 View Post
    'Following last week's surprising passage of the preliminary approval to extend emergency unemployment claims, i.e. emergency jobless claims, for 3 months, when six republicans sided with democrats and gave approval to the original $6.4 billion legislation, there was an expectation that up to 1.4 million Americans would get their benefits extended once again (despite the so-called recovery in the economy, and the job market, instead of just all time high S&P500). Moments ago such hopes were dashed, when a Senate plan to restore long-term jobless benefits hit a wall Tuesday after Republicans withdrew their support amid complaints over cost and other issues.

    The $18 billion bill, which would restore the benefits through the end of 2014, failed to clear a key test vote. Senate Majority Leader Harry Reid needed to attract 60 senators to move the bill forward, but the bill stalled on a 52-48 vote.

    No Republicans voted in favor.
    What happened between then and now, and why did those republicans revert back to the party line?

    Reid lost their support when he amended the bill and failed to come up with a plan to offset the cost within 10 years.

    "It doesn't look good," Maine GOP Sen. Susan Collins said before the vote and after a meeting with Reid.

    Collins and Nevada GOP Sen. Dean Heller unsuccessfully proposed that Reid go back to the three-month extension. "We're back to ground zero," Heller said.

    The senators are expected to return to the negotiating table. The GOP-controlled House has yet to vote on extending the benefits.

    Reid postponed a prior vote Monday night upon realizing he didn't have enough support and said he needed time to talk with members of both parties.
    It almost makes one wonder if Reid isn't trying to sabotage his own legislation. Whatever the answer, it increasingly seems that no law, retroactive or otherwise, will pass before the end of the month, which also means that up to (a record) 1.4 million Americans will fall out of the labor force, in addition to the now traditional 200K-600K people who quietly exit the labor pool every month. Which also means that, as we explained previously, since the impact on the unemployment rate could be as high as 0.8% from just the EUC expiration alone, that the unemployment rate for January could crash to under 6% just as the economy is starting to really backslide, as shown by the recent horrendous data from retailers across the board.'

    Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass Senate | Zero Hedge
    In my opinion Reid did exactly that, he sabotaged his own bill. He had 61 votes for the 3 month extension and if he stayed with it the bill was a fore gone conclusion or a sure thing the unemployment benefits would be extended. But he added a bunch of stuff to it, said he would allow no amendments from Republicans and basically made the new version so offensive to the Republicans that they couldn't except. Not even Collins.

    So the unemployed do not get their benefits, but more important to Senator Reid than peoples lives, he has a campaign issue to use in hopes that his democratic party can retain control of the senate and Reid keep his job as majority leader. He will blame the Republicans for not passing the unemployment benefits when it was Reid himself who was responsible.

    I would expect nothing less out of Senator Reid.
    This Reform Party member thinks it is high past time that we start electing Americans to congress and the presidency who put America first and their political party further down the line. But for way too long we have been electing Republicans and Democrats who happen to be Americans instead of Americans who happen to be Republicans and Democrats.

  9. #19
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by Perotista View Post
    In my opinion Reid did exactly that, he sabotaged his own bill. He had 61 votes for the 3 month extension and if he stayed with it the bill was a fore gone conclusion or a sure thing the unemployment benefits would be extended. But he added a bunch of stuff to it, said he would allow no amendments from Republicans and basically made the new version so offensive to the Republicans that they couldn't except. Not even Collins.

    So the unemployed do not get their benefits, but more important to Senator Reid than peoples lives, he has a campaign issue to use in hopes that his democratic party can retain control of the senate and Reid keep his job as majority leader. He will blame the Republicans for not passing the unemployment benefits when it was Reid himself who was responsible.

    I would expect nothing less out of Senator Reid.
    Yes, as low as my opinions are about almost all federal politicians....mine of Reid is even lower.

    He is a real piece of work, that one is (IMO).

  10. #20
    Canadian Conservative
    CanadaJohn's Avatar
    Join Date
    Jan 2013
    Location
    Toronto, Ontario, Canada
    Last Seen
    Today @ 08:22 AM
    Gender
    Lean
    Conservative
    Posts
    27,194

    Re: Unemployment Rate Set To Plunge As Bill To Restore Jobless Benefits Fails To Pass

    Quote Originally Posted by Kushinator View Post
    Still stuck in the 1920's?

    Underemployment is actually less desirable than specific instances of unemployment.

    Say an accountant takes a job as a janitor after being laid off. Sure, he will be commended in some circles for work ethic and personal responsibility. Now however, a person who is adequately skilled, i.e. not overqualified, will find it that much more difficult to land this position because Joe the accountant is mopping floors, when he should be performing financial analysis for a bank or non-financial firm.

    Now both people are worse off, especially in terms of opportunity cost for Joe the accountant.

    Any economic policy that incentivizes underemployment is horse ****!
    What's horse **** is presuming that underemployment is the only option. There are many cases where individuals wouldn't be underemployed, just underpaid in their own inflated view of their worth. It may seem trite to you, perhaps someone who believes living off the avails of the working is more honorable than a decent days work, but not to me.

    I'll give an example that may be laughable to you, but I remember a movie titled Kramer vs Kramer where a father was fighting for custody of his child and he lost his high paying job just before his court hearing. He didn't sit back and wait for another high paying job to come his way or wallow in the unfairness. He went out and beat the streets and got a similar job to the one he had, but at the bottom of the ladder at a fraction of his former salary because he needed a job in order to save his hope of keeping custody of his son.

    More people need to get back on the bottom rungs of the ladder and work themselves back up to the positions they had prior to the recession. That's what I'm talking about, not some idiotic example of an accountant working as a janitor.
    Last edited by CanadaJohn; 01-15-14 at 03:31 PM.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

Page 2 of 13 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •