Sunday, October 24, 2010

60 minutes story on the 99 weeks of Unemployment

60 minutes did a story on people who are running out of the 99 weeks of Unemployment checks. They speak about people who have spent hardship withdrawls from their 401k's and now depend on charities for free food.

They have stories of people who earned $70,000 to $200,000 who were shop-a-holics and now after having applied to hundreds of jobs are forced to scrounge around for recyclables and depend on family and friends for financial help.

Friday, October 15, 2010

How Many Weeks of Unemployment do I get?

Click on Map for a Larger Image

If you're wondering just how many weeks of unemployment you're eligible for, the people at the center of budget and policy on priorities produced this interesting chart that shows that much of the nation is able to receive 99 weeks of unemployment checks.

Many states such as Florida, California, Michigan, Ohio, Illinois, Georgia, Nevada, Arizona, North Carolina, Ohio and Illinois get the full 99 weeks of payments. Other states such as Wisconsin, Texas and New York get 93 weeks of unemployment benefits; while the dakotas and Nebraska get the least---60 weeks (which really isn't all that bad because it's still over a year of subsidies).

Thursday, October 14, 2010

What's the employment situation?

According to the Bureau of Labor Statistics:

Nonfarm payroll employment edged down (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment declined (-159,000), reflecting both a drop in the number of temporary jobs for Census 2010 and job losses in local government.

Household Survey Data
The number of unemployed persons, at 14.8 million, was essentially unchanged in September, and the unemployment rate held at 9.6 percent. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men (9.8 percent), adult women (8.0 percent), teenagers (26.0 percent), whites (8.7 percent), blacks (16.1 percent), and Hispanics (12.4 percent) showed little or no change in September. The jobless rate for Asians was 6.4 percent, not seasonally
adjusted. (See tables A-1, A-2, and A-3.)

The number of long-term unemployed (those jobless for 27 weeks and over), at 6.1 million, was little changed over the month but was down by 640,000 since a series high of 6.8 million in May. In September, 1.7 percent of unemployed persons had been jobless for 27 weeks or more. (See table A-12.) In September, both the civilian labor force participation rate, at 64.7 percent, and the employmentpopulation
ratio, at 58.5 percent, were unchanged. (See table A-1.) The number of persons employed part time for economic reasons (sometimes referred to as involuntary
part-time workers) rose by 612,000 over the month to 9.5 million.

Over the past 2 months, the number of such workers has increased by 943,000. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.) About 2.5 million persons were marginally attached to the labor force in September, up from 2.2 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months.

They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)

Among the marginally attached, there were 1.2 million discouraged workers in September, an increase of 503,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3
million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.