Posted on 01/12/2009 3:55:43 AM PST by reaganaut1
Just as the recession is throwing people out of work at an alarming rate, the unemployment insurance system in New York and many other states will start cutting off benefits this week for thousands of people who have been unable to find jobs since early last year.
About 50,000 New Yorkers who had been collecting unemployment checks for 11 months — the longest stretch that benefits have been available since the last recession eight years ago — will stop receiving weekly payments this week, according to the State Labor Department.
In normal circumstances, people laid off from full-time jobs can collect benefits for up to 26 weeks, after which they fall off the rolls. But some of the people who will lose benefits this week have been on unemployment for 46 weeks because Congress approved extensions of jobless benefits twice last year.
This will be the first time since the early 1990s that workers are exhausting benefits that have been extended twice because of an economic downturn. The inability of those people to find work after so many months provides a stark reminder of the weakness of the job market, officials and experts say.
For many of those facing the loss of that lifeline, the next step may be welfare, experts say.
(Excerpt) Read more at nytimes.com ...
It is interesting how many people find a job after the benefit runs out.
They will when they run out. But they will go bankrupt and walk away from mtgs. Looking bad to worse for economy.
Name a region of the US where the economy is actively producing new jobs, please.
Then name a company who will hire people with NO experience in the field during a recession.
Then explain to me how people with house payments and no job can afford to move across the country at their own expense and either make dual house payments, or sell a house without losing money in the midst of a great deflation in housing prices.
Cheers!
Obama will extend them for as far the eye can see
“It is interesting how many people find a job after the benefit runs out.”
just in time for the ONE to see a better employment picture....
Nebraska has unemployment of about 3.8%...I just changed jobs...When the One decides to stop talking down the economy things will get better.
“”Name a region of the US where the economy is actively producing new jobs, please.
Then name a company who will hire people with NO experience in the field during a recession.””
Southeast Louisiana is currently producing jobs. Plenty of work here and more to come. Our region produced 6,000 plus jobs in the last quarter while the rest of the Southern region was losing jobs. And yes, there are companies hiring applicants with no experience. Of course, they are entry level positions but there is opportunity to advance. There are many skilled jobs available as well. There are a wide range of opportunities as well. The economy in Louisiana is pretty darn healthy. Louisiana ranks 17th best in unemployment in the Nation at (I think) 5.3%.
That's easy to say. How do you move across the US and rent a new apartment in which to live while looking for a job, if you don't have a job to pay for the apartment? How do you get a new job if you're in your fifties? Doing ANYTHING? Unless you're an RN, no one is hiring.
Welfare is not an option for some people. To qualify for welfare you cannot own a car worth more than a thousand dollars or other decent possessions. So if you own a house you would have to sell it (how?) before you could get welfare.
Add to that the fact that after you lose your job, you have to pay for your own health insurance. The COBRA payments are too big for an unemployed person to handle. You can get CHIP coverage for your kids, if any, but you won't qualify for Medicaid easily.
If this goes on through next year, you are going to have bread lines like you had in the '30s.
You don't understand...If one has ever had a job, it is beneath one's dignity to have to go ask for another. One (a better one) must be hand delivered on a silver platter.
"However, New York and about two dozen other states have not yet qualified for the full 20 weeks of the second extension, because their jobless rates have been lower than other states. The latest extension was limited to seven weeks in states where the unemployment rate had not averaged at least 6 percent for three consecutive months. New Jersey and Connecticut have already qualified for the full extension.
New York’s unemployment rate has been rising in recent months, surpassing 6 percent in November. But the rate will have to jump again this month for workers in the state to qualify for the full 13-week extension.
The formula for triggering the availability of more emergency benefits has left New York’s commissioner of labor, M. Patricia Smith, in the odd position of rooting for a higher jobless rate."
http://www.nytimes.com/2009/01/12/nyregion/12benefits.html?pagewanted=2&_r=1
This is from the NYT?
Do they realize people will remember who the prez was eight years ago?
Do they think people are too stupid to realize their (the NYT's) fave guy was prez then?
Do they think people will forget that the NYT, among others, accused W of "trying to talk the economy down to get elected" during the 2000 election instead of Gore (they said there was no recession)?
Do they realize the people who read their paper are too stupid to put 2 and 2 together to realize that they, the NYT, lied to us eight years ago, so are probably lying to us now?
Or do they know all these things, know the people who read their rag won't care, will do anything to help B.O. look good, cover all his mistakes, and the leftists will say "Good job, NYT"?
Cheers!
LLS
Glib answers like "move where they're hiring in a new field" are often unrealistic.
Nowhere do I advocate continued reliance on a nanny state -- these programs were created as "a safety net" but *part* of the problem is the willingness of corrupt legislators to force lending to those who should not have received a loan, and relaxing regulatory requirements to help it along; in conjunction with confiscatory tax policies against business, and the wholesale importation of cheap labor while offshoring manufacturing to Third World dictatorships.
And then cutting off the promised "high tech" escape route via the H1-B program.
NO cheers, unfortunately.
(But that leaves the dual homestead payements/ selling the house / supporting the family on an entry level income unanswered.)
Are you sure you want all those Yankees descending on you, taking all that the fleeing Californians have left alone?
Cheers!
I’ve got a great idea! Let’s EXTEND jobless benefits AGAIN so we can continue to push the unemployment numbers up!
Just a reminder that any improvement is being bought with future obligations.
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