The news stated that unemployment will end for millions at the end of December. They will be cut off! I predict that the government will use people being cut off of unemployment benefits and say that the economy is strengthening and unemployment itself has decreased between January and March 2011. What do you think?
You are probably right that the government may claim that the unemployment rate has decreased if they do not extend benefits. The reason is because the calculation of the unemployment rate does not take into consideration people that have "given up" or dropped out of the labor market entirely. It also does not take into consideration people that are "underemployed", people that are either overqualified or only working part time.
They may be able to claim the unemployment rate has went down...however the consumer spending levels will drop considerably and so will the consumer confidence level after they see the homeless and food pantry lines become more desperate.
Merry Christmas all
I do not believe that we can allow this to happen. It would trigger a new wave of foreclosures and evictions, force another bailout of the financial industry, and, as someone else had mentioned, hurt the retail industry. There is growing disparity between the white collar jobs and blue collar jobs, despite how wrong that is. One who goes on welfare or applies for food stamps typically cannot get a white collar until this assistance falls off of their credit report, which takes seven years. If people can lose their unemployment benefits, they will be forced to go on these government assistance programs, and potentially ruin nearly a decade of their lives. Why can't the government take the money that they would be using to artificially prop up corporations and use it, instead, to extend the benefits of those who would be cut off. If anything, the money would finally find the correct pockets, as opposed to the last bailout.
That's terrible cutting off unemployed people
Why don't they just cut off their feet instead?
Then they wouldn't have poor soles would they?
They talked about that before but extended it.. I think, with unemployment being as it is, they'll extend it again.
They've already started cutting people off in Missouri. But I hope you're right and that'll change.
I can understand and extension for those who deserve it but I think they should make sure the jobless are actually looking for jobs. Who will look when theres free money...I am not saying everyone is like this but the few people I know who are on unemployment make up jobs they applied for and never did.
You have a good point there.. Still, I don't think there's all that many people who abuse the system in the grand scheme of things. Of the people that I know, and there's a lot here, most are more frustrated that they can't find a job than anything.
Of the two states closest to me, Oklahoma has an unemployment rate of 6.5, and Arkansas7.4. I simply can't believe that that many people are just raking in the free money. Sure, some are, but that's going to happen no matter what.
People cannot stay on unemployment compensation forever. It has been extended to 99 weeks. That's almost two years! Extending benefits indefinitely is not the answer. The private sector must be stimulated so there can be job creation. Apparently Congress doesn't understand this.
Question: What happens to people who have "given up" or dropped out of the labor market entirely? Obviously they don't vaporize. Are they self-employed? If so, why aren't more people doing the same thing?
When you throw all those people off of unemployment, where will they go? Who will feed them? What happens to their children? Do they starve in the streets? And without unemployment, won't they simply avail themselves to another government program - public assistance? So what's the true difference? The country is in deep economic turmoil due in most part to the private sector. It took time for idiots to put us in this mess. It will take time for wiser heads to get us out. Think about it. Don't beat up on the unemployed. They didn't get that way on their own. Look to those companies that ship American Jobs abroad, while taking welfare from the American Public in the form of tax breaks. If you need someone to blame, there can be no candidates than them. Don't allow the true bandits to ride off in the sunset without taking their heavy and well deserved share of the blame.
by Eugene Hardy5 years ago
Specifically, you have run out of benefits and you still can not find a job?
by Cassie Smith5 years ago
Only half of all Americans are paying their taxes because they are still employed. The unemployment rate isn't going down any time soon as much as the media wants to spin it so it looks like the taxpayer half will...
by kbschennai8 years ago
The Last 18 months saw very few vacancies available in the engineering sector. The services sector was a big casualty .But now, the India growth story is again gaining momentum. The Government's initiatives have proved...
by Jim Hunter6 years ago
Thats ridiculous, if you can't find a job in your area in three years then move to where the jobs are. Unemployment is beginning to be a career for some people.
by jiberish8 years ago
http://www.washingtonpost.com/wp-dyn/co … 01900.htmlIn this Washington Post article it says that two-thirds of the stimulus went toward tax cuts, fiscal aid to states, and expanded unemployment benefits and food...
by fishskinfreak20086 years ago
Web-site/URL: http://finance.yahoo.com/news/Firsttime … 8.html?x=0Obviously, this is yet another sign that we are NOT fully on the way to recovery yet.
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