Remember when the UE rate went from 8.3% to 8.2%? It was due to people whose unemployment benefits expired. Look for some better news next month... perhaps 7.5%.
Most of these people are unemployed and their emergency benefits have run out. Despite what you hear there is a limit on the benefits an unemployed gets. More than that sometime around Jan 14th EVERYBODY’s federal emergency benefits end because that’s when the program expires. It does not matter if someone has just got on emergency unemployment in August, October or december - they all stop on that date.
What the republicans should do is put up a bill that extends the emergency unemployment benefits for 3 - 6 months. And offer cuts in other places (preferably in places Harry Reid would not like to see cuts) to offset the cost of the emergency unemployment.
This will put Harry Reid and his party in a very difficult position (between a rock and a hard place). It will NOT look good if his party votes against the unemployed victims of this pResident.
If this had been done earlier we would not be seeing 7.8% unemployment because the more people that get back into the program the higher the unemployment rate will reflect Realville as it heads up toward 11%.
Most likely we will see another drop in the unemployment rate next month. This is the time that those who went on emergency unemployment expire and are no longer counted as unemployed. This benefits Obama.
Mitt Romney is right, the rate is dropping as people’s unemployment benefits expire.
I keep screaming:
WHAT IS THE AMOUNT OF PAYROLL TAXES TAKEN IN BY IRS?????
That is the true reflection of employment and earnings. Let’s see the curve for last 4 years!!!!!!
Aaaaaaand who is counting closed private businesses and number of signs “for rent”???
Yeah, private sector is doing fine!?!
Forward to commie “paradise”!
“””Most likely we will see another drop in the unemployment rate next month. This is the time that those who went on emergency unemployment expire and are no longer counted as unemployed. This benefits Obama.”””””
I bet the people that ran out of unemployment benefits and can’t find a job would disagree with that.