What depression? CNBC:Most of the unemployed no longer receive benefits
The jobs crisis has left so many people out of work for so long that most of America’s unemployed are no longer receiving unemployment benefits.
Early last year, 75 percent were receiving checks. The figure is now 48 percent — a shift that points to a growing crisis of long-term unemployment. Nearly one-third of America’s 14 million unemployed have had no job for a year or more.
Congress is expected to decide by year’s end whether to continue providing emergency unemployment benefits for up to 99 weeks in the hardest-hit states. If the emergency benefits expire, the proportion of the unemployed receiving aid would fall further.
The ranks of the poor would also rise. The Census Bureau says unemployment benefits kept 3.2 million people from slipping into poverty last year. It defines poverty as annual income below $22,314 for a family of four.
Yet for a growing share of the unemployed, a vote in Congress to extend the benefits to 99 weeks is irrelevant. They’ve had no job for more than 99 weeks. They’re no longer eligible for benefits.
Their options include food stamps or other social programs. Nearly 46 million people received food stamps in August, a record total. That figure could grow as more people lose unemployment benefits.
Why would anyone vote for any in the executive who are responsible for making plans?
Of course we can only vote for ONE such person. He or she appoints the rest.
- Updated Abbott And Costello
FreeThinke's comment at at my blog yesterday — after the release of the horrible job numbers for May 2016: ABBOTT and COSTELLO'S BRILLIANT EXPLANATION of a CRUCIAL ISSUE COSTELLO: I want to talk about the unemployment rate in America . ABBOTT:...
-
And remember, once they lose their benefits, they are no longer counted as unemployed, but join the 5 million lost Americans. And the government can report a drop in the unemployment rate. Just in time for campaign season. . . MSNBC/New York Times: U.S....
- No Depression
New CBO Report Decimates 'Obamanomics': Real Unemployment Hits 15% “The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country...
- Wreckovery: 418,000 New Unemployment Claims Last Week
While much of America is distracted by the debt debate. . . CNBC: Unemployment Benefits Rise as Job Growth Falters New U.S. claims for unemployment benefits rose more than expected last week, a government report showed on Thursday, pointing to a labor...
- Myself And 45,000+ Other Pennsylvanians No Longer Unemployed As Of June 11, 2011
Federally Funded Extended Benefits Payments to End on June 11, 2011 Federal guidelines determine eligibility for extended unemployment benefits and, as a result of a drop in Pennsylvania's unemployment rate for the three-month period ending in April...