The Conservative Cave
Current Events => Economics => Topic started by: Chris_ on December 27, 2010, 07:44:36 PM
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(http://i237.photobucket.com/albums/ff68/kayaktn/jobless.jpg)
So many Americans have been jobless for so long that the government is changing how it records long-term unemployment.
Citing what it terms "an unprecedented rise" in long-term unemployment, the federal Bureau of Labor Statistics (BLS), beginning Saturday, will raise from two years to five years the upper limit on how long someone can be listed as having been jobless.
The change will not affect how the unemployed are counted or the unemployment rate is computed nor how long those eligible for unemployment benefits receive them. Analysts call the move a sign of the times.
Long-term unemployment has grown markedly over the past few years. The BLS says the average length of unemployment has increased from 29.4 weeks in November 2009 to 34.5 weeks last month. Nearly 10% of the USA's 15.1 million jobless have been looking for work for two years or more.
USA Today (http://www.usatoday.com/news/nation/2010-12-28-1Ajobless28_ST_N.htm?csp=34news&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+usatoday-NewsTopStories+%28News+-+Top+Stories%29)
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"Analysts call the move a sign of the times."
Wow?! A sign of the times, huh?! All under the Obozo's presidency. Should stuck with community organizing Obozo. :tongue:
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Wow?! A sign of the times, huh?! All under the Obozo's presidency. Should stuck with community organizing Obozo. :tongue:
Hey now, the whole country is beginning to look like the community he organized......that's success in his book.
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I say that anyone who goes without working from two to five years should be called the "Obama Unemployed".
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I say that anyone who goes without working from two to five years should be called the "Obama Unemployed".
I think they are likely to be DUmmies.
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Stop the unemployment checks....requiring the unemployed to take jobs from the "undocumented workers".... unemployment/border problems solved with one blow.
Yeah, I know, it won't work...they'd both turn to crime.
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Hey now, the whole country is beginning to look like the community he organized......that's success in his book.
Very true Johnny.
That's way his book and policies are full of FAIL.
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Stop the unemployment checks....requiring the unemployed to take jobs from the "undocumented workers".... unemployment/border problems solved with one blow.
Yeah, I know, it won't work...they'd both turn to crime.
It would work, if the cost of hiring illegals was higher than hiring legal citizens... til that happens, nothing changes.