Per Cent Population Employed
Posted on 02/12/2014 1:44:35 PM PST by Responsibility2nd
The end to federal jobless benefits for nearly 2 million people has sparked a bitter debate in Congress about whether Washington is abandoning desperate households or simply protecting strained government coffers.
It is also providing real-time answers to a question economists have long pondered: How do people survive when they suddenly have no money coming in?
Studies show that about a third of the people cut off from long-term unemployment benefits will find help from Social Security or other government programs. Others will cobble together dwindling savings or support from family. But most baffling to economists are the people who appear to come up with more-idiosyncratic solutions, which are tough to identify and almost impossible to track.
~snip~
Never in more than 65 years have so many workers been without a job and without a government lifeline. Congress cut off 1 million people en masse in December when it permitted a special emergency program for the long-term unemployed to lapse. Since then, their ranks have been growing by about 72,000 a week, according to the National Employment Law Project (NELP), which lobbies on behalf of the jobless.
~snip~
Last year, lawmakers cut the maximum benefit to 73 weeks. Then, at the end of December, Congress let federal aid lapse altogether.
Mitchell Hirsch of NELP said people were “thrust essentially overnight from a situation where they were struggling to make ends meet with their benefits into one where they’re now struggling just to survive.” Six weeks later, he said, “what we’re hearing . . . is increasingly desperate.”
(Excerpt) Read more at washingtonpost.com ...
End?
Vote Democrat.
http://www.youtube.com/watch?v=SzWkqfQ17Eo
Looks like a young Pete Townsend in the audience LOL!
Back then if someone wanted to work someone wanted to make a buck off him.
But now the government has taken all of Americans’ investment money. I don’t know what will become of us.
Thanks so much for your good wishes, mm. Katy is one determined, focused woman, I’m hoping she does make a new career path in her new field of endeavor. Onward and upward!
God bless you and yours too:)
Wrong answer.
The right answer is to fix what's ailing the American economy. We need to raise the import tariffs and lower income taxes by a corresponding amount.
We lowered the import tariffs in the 1960's. We ignored the wisdom of the founding fathers and we've put our labor into direct competition with third world countries like China. And even made domestic producers tax disadvantaged relative to foreigners. Our stores are full of Chinese goods and Americans are sitting idle.
Your answer is wrong for a number of reasons including:
I knew a woman like this.. she was working for the Emmy’s (award show, here in Los Angeles)...making about 70k a year. She then was laid off, and looking for work. She turned down 2 different offers : one at 58k, and the 2nd at 45k. She had to walk away from her house.. I have no idea where she is now...too bad...she had this nice little Santa’s helper outfit she used to wear to Christmas parties in the neighborhood.... wifey did not like me enjoying that outfit..
so I guess everything worked out okay.... at least for me and the wifey...as for Santa’s helper, she probably wishes she took that 58,000 a year offer.
Far too few today are motivated to follow your path! I never had an unemployment check in 55+ years but did have a LOT of jobs which I didn't like (in order to move on to those I did). Probably just "Lucky" I guess but, my Dad always told me "You can MAKE your own luck!"
take this any way you want, you and the rest of you with this comment. Simple answers from simple minds. So easy, eh? Just work, and where exactly might that job be? Inquiring minds want to know, hell I want to know!
I became unemployed once shortly after we were married. Took handyman and gardening jobs to make ends meet. Did any kind of labor whatsoever that paid the bills. Worked part-time as a dishwasher and bus boy while I went to programming school. Have never been unemployed for more than a day since. There are always jobs available, assuming you’re willing to temporarily do menial tasks or jobs “Americans don’t like to do.”
You mean....get a job?
Because none of these folks ever make money in the underground economy. They never work off the books, sell dope, sell illegal firearms, prostitute themselves, shoplift, burgle, commit welfare fraud or engage in any of a myriad hustles. They just draw on “dwindling savings”. Sure.
Ylan Q. Mui is a Washington Post reporter and CNBC contributor covering the Federal Reserve and the economy. She has spent more than a decade at The Post and written about topics ranging from subprime lending, consumer finance, retail and education. She has reported on national disasters such as the BP oil spill and Hurricane Katrina and interviewed the nation’s top CEOs and public officials.
In addition to CNBC, Ylan has also appeared on Good Morning America, The Rachel Maddow Show, Washington Journal and NPR. Ylan was also an adjunct professor at the University of Maryland and has been an active volunteer in the Vietnamese-American community. She is a member of the Society of American Business Editors and Writers and the Asian American Journalists Association, where she is a past vice president of the Washington, D.C., chapter. She is also a graduate of AAJA’s Executive Leadership Program.
Ylan began her career as a receptionist and obit writer at The Times-Picayune in New Orleans, where she was born and raised. Her family immigrated to the Big Easy from Vietnam in the 1970s, and she was brought up on po-boys and pho, Cafe du Monde and ca phe sua da. She graduated from Loyola University in New Orleans, and despite her time on the East Coast, she still considers herself a Yat at heart.
Ylan is proud to say she now lives in Northern Virginia — outside the Beltway — with her husband and daughter, two cats and an exceptionally large dog.
Winner of the most unintentionally amusing headline of the day.
bump for later
PFL
Readers of the August 31 edition were greeted by a 17-paragraph below-the-fold front page story by business writer Ylan Q. Mui about “What Underwear Says About the Economy.”
Http://newsbusters.org/people/ylan-q-mui#ixzz2t9Jggvjp
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