There's the Hope and Change the people voted for...
Posted on 12/31/2009 3:24:33 PM PST by traumer
WASHINGTON (AP) -- A record 20 million-plus Americans collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent.
As the pace of layoffs slows, the number of new applicants visiting unemployment offices has been on the decline in recent months. But limited hiring means the ranks of the long-term unemployed continues to grow, with more than 5.8 million people out of work for more than six months.
The number of new claims for jobless benefits dropped last week to 432,000, the Labor Department said Thursday, down sharply from its late March peak of 674,000. The decline signals that the economy could begin adding a small number of jobs in January, several economists said.
Still, hiring is unlikely to be strong enough to quickly bring down the unemployment rate, which fell from 10.2 percent in October to 10 percent in November. December's rate will be announced Jan. 8.
Companies will remain cautious about adding staff until they are confident the economic recovery is sustainable -- something they remain unsure about as consumers and businesses keep a lid on spending, and as the government begins to wind down various stimulus programs.
The Federal Reserve and private economists expect joblessness to stay above 9 percent through the end of 2010.
The slow pace of hiring will force Congress and the Obama administration in 2010 to spend as much as $70 billion to extend jobless aid for the long-term unemployed, or else let benefits -- which were extended several times in 2009 -- expire for millions of people.
"Fewer people are getting fired, but nobody is finding a job," said Dan Greenhaus, chief economic strategist at Miller Tabak.
(Excerpt) Read more at finance.yahoo.com ...
Behold Obama and the Democrat Party’s Hope and Change
Destruction of the United States of America; theft of our Freedom; Destroying our Security; and Big Brother determining who lives and who dies, cradle to grave.
We The People vow to throw these traitors out of office in 2010 and 2012; Change will be returning our country to the American People
There's the Hope and Change the people voted for...
I’m no longer unemployed...I just haven’t been making any money in my new career yet...
When faux conservatives and anti war liberals conspired to ‘stop Bush’ in 2006, the unemployment rate was 4.7% and the deficit was headed toward zero by 2009.
When faux conservatives and anti war liberals conspired to ‘stop Bush’ in 2006, the unemployment rate was 4.7% and the deficit was headed toward zero by 2009.
A lot of this comes from the seasonal workers and next year we’ll be having the acorn census part time workers. Look for the usual adjustment (recallibrating) of the numbers for the past month or two as well.
I didn't vote for TOTUS, lost my job, used severance pay, found a BETTER job, and moved on.
I am a member of the lucky few club.
Please remember there were two less days last week to apply, also the same for this week.
Next week it will jump unexpectedly!!!
The same thing happened the week of Thanksgiving.
I’m curious to see how ‘lean and mean’ employers can make the workforce. My company is really ratcheting things down, which is good; it makes me more valuable to them in the long run. ;)
I have NO problem with using this downturn in the economy to trim to deadwood; some people should’ve been let go years ago, IMHO.
Does anyone have any data as to when they’ll stop the lay-offs? Is that even predictable from past recessions/depressions, say, ‘The Carter Years’? *SPIT*
How many of us need to leave the work force (voluntarily or not) before we completely grind to a halt?
The Dhimmirat’s answer is to extend unemployment time-why not just call it a government pension?
I wonder how many of these folks are not even looking for work and are relying on hussein obama to keep them on the dole. The one wants everyone dependent on the government.
These communists are scary and they are slowly taking over this country.
Something has to convey such to the public.
The printed press is NOT sitting on top of the world financially these days...
Perhaps a government bail out is in order?
It helps promote the "top of the world" fallacy we are experiencing financially within our sovereign nation.
A DFL solution to a lazy mans concern.
When politics become everything in life, will you marry me? ; )
We both know that ain’t going to happen. They will just watch the 6:00 news saying it’s dropped. They will not buy a newspaper to look at page 10 section B, to see the revised numbers.
I couldn’t get through to unemployment for my extiction(sp?) this week.
The ‘contract’ between me, God, my Husband and the State of Wisconsin *SPIT* is up for negotiation in April, 2010.
We’ll talk then, LOL! ;)
We’ll talk then, LOL! ;)
I'm with ya' honey! ~snort
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