Page 1 of 2 12 LastLast
Results 1 to 10 of 17

Thread: Five Million Workers to Exhaust Unemployment Benefits by June

  1. #1
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 01:27 AM
    Gender
    Lean
    Conservative
    Posts
    39,720

    Five Million Workers to Exhaust Unemployment Benefits by June

    The National Employment Law Project (NELP) released a new report last week showing that ...
    1.2 million jobless workers will become ineligible for federal unemployment benefits in March unless Congress extends the unemployment safety net programs from the American Recovery and Reinvestment Act (ARRA). By June, this number will swell to nearly 5 million unemployed workers nationally who will be left without any jobless benefits.
    ...
    Currently, 5.6 million people are accessing one of the federal extensions (34-53 weeks of Emergency Unemployment Compensation; 13-20 weeks of Extended Benefits, a program normally funded 50 percent by the states).
    Now here is what I don't understand. The Census Bureau is now hiring. In Houston alone, they are hiring 15,000 workers. The pay is only $12.00 an hour, but to those who are unemployed, it is at least something.

    Right now, IMHO, there is no excuse to be unemployed. I have always maintained that, if someone wants to work, there is work. I have been laid off before, and guess what? Even in bad economies, I always had another job the next day. Sometimes, I had to take something that I didn't want, but it held things together until I found something right up my alley, which never took that long. I don't know about anybody else, but for me, working sure beats sitting on my ass and worrying about the future.

    Article is here.
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #2
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 01:29 AM
    Lean
    Undisclosed
    Posts
    10,431

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Quote Originally Posted by danarhea View Post
    Now here is what I don't understand. The Census Bureau is now hiring. In Houston alone, they are hiring 15,000 workers. The pay is only $12.00 an hour, but to those who are unemployed, it is at least something.

    Right now, IMHO, there is no excuse to be unemployed. I have always maintained that, if someone wants to work, there is work. I have been laid off before, and guess what? Even in bad economies, I always had another job the next day. Sometimes, I had to take something that I didn't want, but it held things together until I found something right up my alley, which never took that long. I don't know about anybody else, but for me, working sure beats sitting on my ass and worrying about the future.

    Article is here.
    There are 6 people actively looking for work for each job opening.

    I have seen reports of hundreds of people lining up for jobs at Walmart, (even during the boom.

    THe excuse not to have a job is that there just not might be any jobs avaliable. No low skilled ones, no high skilled ones either

  3. #3
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 11:46 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,219

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Quote Originally Posted by danarhea View Post
    Now here is what I don't understand. The Census Bureau is now hiring. In Houston alone, they are hiring 15,000 workers. The pay is only $12.00 an hour, but to those who are unemployed, it is at least something.

    Right now, IMHO, there is no excuse to be unemployed. I have always maintained that, if someone wants to work, there is work. I have been laid off before, and guess what? Even in bad economies, I always had another job the next day. Sometimes, I had to take something that I didn't want, but it held things together until I found something right up my alley, which never took that long. I don't know about anybody else, but for me, working sure beats sitting on my ass and worrying about the future.

    Article is here.
    If that were the case, there wouldn't be a 10% unemployment rate.

    it's not as if unemployment went from 4% to 10% because people suddenly got too lazy to work.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #4
    White trash on dope.
    d0gbreath's Avatar
    Join Date
    Jan 2010
    Location
    Denton, TX
    Last Seen
    @
    Gender
    Lean
    Liberal
    Posts
    8,874

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Wouldn't "jobless workers" be an oxymoron?
    Quote Originally Posted by Northern Light View Post
    The systems that ensure freedom and liberty are breaking down and fundamentalism is growing. Nobody is righteous anymore.


  5. #5
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    Yesterday @ 12:31 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,879

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Quote Originally Posted by Mickey Shane
    Wouldn't "jobless workers" be an oxymoron?
    If one is unemployed and actively looking for a job then one is considered to be part of the labor force.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  6. #6
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 12:25 AM
    Gender
    Lean
    Independent
    Posts
    16,253

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Who would rather become underemployed taking home $400/week working 40 hrs if they can earn $425 sitting at home pretending to fill out job aps three times per week?

    First time claims for unemployment fell last week, but this will continue to be a bumpy ride as capital investment will be the first choice of investment. Then comes labor. Dork mode on: once the marginal product of capital begins to experience diminishing returns, we will see job creation pick up steam as firms shuffle to maintain profitability.
    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

  7. #7
    User
    Join Date
    Feb 2010
    Location
    Southern Oregon
    Last Seen
    03-04-10 @ 02:37 PM
    Lean
    Undisclosed
    Posts
    4

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Private capital for all but social services and war machine industries (where government contracts provide desirable leverage opportunities) has been migrating out of the US for decades. Foreign capital investing in the US has switched from servicing specific markets with operating control to playing equity markets for frequent basis points trading gains. The era of skill sets without formal higher education in the US labor force living at lower-middle class and middle class standards of living is kaput.

  8. #8
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 08:26 AM
    Gender
    Lean
    Conservative
    Posts
    76,239

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Quote Originally Posted by apdst View Post
    If that were the case, there wouldn't be a 10% unemployment rate.

    it's not as if unemployment went from 4% to 10% because people suddenly got too lazy to work.
    Oh yeah, keep jacking up taxes and watch.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #9
    User
    Join Date
    Feb 2010
    Location
    Southern Oregon
    Last Seen
    03-04-10 @ 02:37 PM
    Lean
    Undisclosed
    Posts
    4

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Quote Originally Posted by American View Post
    Oh yeah, keep jacking up taxes and watch.
    Rule of thumb for unemployment calculation is doubling official published numbers to include underemployed, discouraged, independent contractors and subtracting military. If anything, jacking up taxes will force lower wage levels for those without the benefit of formal higher education completion and drive employment up as domestic consumption through government funding increases.

    The party's been over for some time. Tax cuts or continuation of currently low tax rates won't provide jobs. It will allow big players more flexibility to take what savings, I use the word loosely, Americans have in equity markets through their government approved retirement planning.

  10. #10
    Sage
    Dav's Avatar
    Join Date
    Mar 2009
    Location
    Virginia
    Last Seen
    04-16-16 @ 02:36 AM
    Gender
    Lean
    Libertarian - Right
    Posts
    5,539

    Re: Five Million Workers to Exhaust Unemployment Benefits by June

    Quote Originally Posted by apdst View Post
    If that were the case, there wouldn't be a 10% unemployment rate.

    it's not as if unemployment went from 4% to 10% because people suddenly got too lazy to work.
    Except that is missing the point. Just because lots of people are out of work now doesn't mean are the same people as a month ago. Every week, more people get hired, and more people get layed off. While the net is no gain here, the important point is that people still can get hired if they look hard enough. The reason unemployment is higher now isn't because there are absolutely no jobs to get anywhere - that's pretty much never true - but because more people are being layed off.

Page 1 of 2 12 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
  •