"Recession outlasts even extended jobless benefits" by Christopher S. Rugaber, Associated Press | April 5, 2009
WASHINGTON -- In the coming weeks and months, hundreds of thousands of jobless Americans will exhaust their unemployment benefits, just when it's never been harder to find a job.
I never got a damn dime from them. I've spent down the pittance I called a retirement, that's how I got by. Just wondering, what with all the TRILLIONS going to BANKS and WAR-LOOTERS, where is the UNEMPLOYED'S BAILOUT, huh?
Of course, H1-B's aren't suffering or anything. Open up, America. Time for your globalist masters and their agenda-pushing mouthpiece media to shit down your throat again!
Congress extended unemployment aid twice last year, allowing people to draw a total of up to 59 weeks of benefits. Now, as the recession drags on, a rolling wave of people who were laid off early last year will lose them. Precise figures are hard to determine, but Wayne Vroman, an economist at the Urban Institute, estimates that up to 700,000 people could exhaust their extended benefits by the second half of this year.
Some will find new jobs, but prospects will be grim: Layoffs are projected to go on, and many economists expect the jobless rate, already at 8.5 percent, to hit 10 percent by year's end.
"It's going to be a monstrous problem," Vroman said....
Only for Americans, it seems!!!
Those who know that their unemployment aid is about to run out are counting the days, taking on odd jobs, moving in with relatives and fretting about the future.... That so many people have remained on jobless aid for more than a year underscores the depth and duration of the recession, which began in December 2007.
Interesting. Recession BEGAN in DECEMBER 2007, huh?
"Funny how nobody thought to tell the American people we were in a recession until October of last year!" -- Wake the Flock Up
Yeah, THANKS, MSM!! So WHAT ELSE are you LYING ABOUT, HIDING, OBFUSCATING, or CENSORING, money-losing s***ters?!!!!
If the downturn extends into May, it will be the longest recession since the Great Depression. The jobs crisis it has created has proved worse than most economists forecast -- not to mention what lawmakers expected when they extended jobless benefits last year....
Why should we believe anything they say then? Turns out guys like Ron Paul are right and they are either ignored or insulted, so FUCK YOU!!!!!!
And the problem will probably get even worse....
"What comes next, I'm afraid, will be the mother of all jobless recoveries," said Bernard Baumohl, chief global economist at the Economic Outlook Group, a consulting firm. "While we may emerge from recession from a statistical standpoint later this year, most Americans will be hard-pressed to tell the difference between a recession and a recovery the next 12 months."
It has BEEN THAT WAY the LAST 20 YEARS!!!!!!!
That's grim news for Sterling Long, 40, of Pittsburgh, who said he's willing to take any job available to support his wife and four children. He has cleaned houses and done other odd jobs since being laid off from a plumbing distributor in March 2008. He is dreading the expiration of his benefits this month.
"I'll work in McDonald's," he said. "I got no pride as long as the people in this house eat, have hot water -- that's all I need."
That's what Americans have been reduced to?
Also see: Boston Globe Readers Are Idiots
Long, like many of the long-term unemployed, has tried to learn new skills. For three months, he spent Saturdays and Sundays working to get his commercial driver's license. That led to work as a cargo loader for a couple of months at the supermarket warehouse. But since then, nothing.
States typically provide 26 weeks of unemployment benefits, an average of about $350 a week. Last year, Congress tacked on 20 extra weeks of benefits, and later it added 13 additional weeks for people in states hardest-hit by unemployment.
The REASON there are NO JOBS is because the MANUFACTURING was OUTSOURCED and OFF-SHORED and the GRUNGE WORK is being done by LOWER-PAID ILLEGALS!!!
Throw the FAKE DRUG WAR IN, and you can SEE WHY the GOVERNMENT NEVER SECURED the SOUTHERN BORDER!!!!
Experts said food stamps and other social programs provide a partial backstop for many recipients who exhaust benefits. Some will also take low-paying "tideover" jobs -- if they can find them, said Rebecca Blank, an economist at the Brookings Institution....
Once again, the MSM has reached the level of insulting inanity!!!
Unemployment has risen so high that in some states a third leg of benefits is kicking in-- a new lifeline for many who would otherwise run out. Under federal law, states found to have particularly high unemployment under complex formulas must provide 13 to 20 more weeks of benefits.
Yeah, the feds are too busy handing out taxpayer dollars to war-looters and banks -- as well as assisting business in destroying the American job base!
It has already taken effect in 18 states, twice as many as activated it in either of the last two recessions....
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