U.S. Congress - H.R.6556 Emergency Unemployment Compensation Expansion Act
H.R.6556 - Emergency Unemployment Compensation Expansion Act
To provide for the further temporary extension of the emergency unemployment compensation program, and for other purposes. view all titles (3)
All Bill Titles
- Official: To provide for the further temporary extension of the emergency unemployment compensation program, and for other purposes. as introduced.
- Popular: Emergency Unemployment Compensation Expansion Act as introduced.
- Short: Emergency Unemployment Compensation Expansion Act as introduced.
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Displaying 211-240 of 350 total comments.
Spam Comment
I agree and my prayers will also be forward. Mrs. Lee needs to move this bill forward Immediately. 20 million unemployed continue to be out of work and that number will only rise in the coming weeks. This bill must be first and foremost on the minds of both house and senate. We can not (99ers) sit idle by and wait for either house to act or put this bill off any more.
(1) Because you have been out so long we can not hire you.
(2) Your over qualified and we can not benefit or hire you because of your education. It would be unfair to you.
(3)We are unsure how the economy is going and are not hiring at this time.
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The latest U.S. Labor Department data indicated that non-farm payroll added 103,000 jobs in December, which is far short of expectation, but the unemployment rate somehow managed to fall sharply to 9.4% (from 9.8% in November) far exceeding expectation.
103k Jobs Not Enough To Drop Unemployment Rate
The current consensus is that the U.S. economy would need to create 150,000 to 175,000 new jobs each month in the next 5 years or so, at minimum, just to restore the 8+ million jobs wiped out by the Great Recession.
Since the nation added only 1.1 million jobs in total last year, or averaging 94,000 jobs a month, the 103,000 new jobs added, coupled with a 0.4% drop in unemployment rate in December, simply does not make much sense.
Nevertheless, a closer look at data the Bureau of Labor Statistics (BLS) tells that the drop in unemployment had very little to do with newly created jobs. Instead, it was primarily due to 260,000 workers dropping out of the labor force.
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Looks like the number of Americans filing for first-time unemployment benefits rose to an estimate 445,000 from an revised reading of an estimated 410,000 in the previous week so it seems the Xmas holidays delayed some of the first time filing for unemployment making it look like the economy is getting better but in my opinion its still struggling.
Spam Comment
Talk is cheap we need action.
Claims: Where Are The Apologists Now?
The Survey Says!
“In the week ending Jan. 8, the advance figure for seasonally adjusted initial claims was 445,000, an increase of 35,000 from the previous week’s revised figure of 410,000. The 4-week moving average was 416,500, an increase of 5,500 from the previous week’s revised average of 411,000.”
It’s worse….
“The advance number of actual initial claims under state programs, unadjusted, totaled 770,413 in the week ending Jan. 8, an increase of 191,686 from the previous week. There were 815,593 initial claims in the comparable week in 2010.”
770,000?! Holy crap.
Now here’s reality folks – I said last week that I didn’t believe the “3 handle” folks nor that the problem was over, and that seasonal distortions and idiocy in the labor department was responsible. Of course “idiocy” implies unknowing distortion, which is a damn hard argument to make when the “errors” are all in one direction – and they both are and have been.
Spam Comment
Retail sales were indicated to be lower in December than in November. This shows that consumers are still being very cautious about the economy and still not convinced that we are covering yet. Jobs, Jobs and Jobs is the root problem and we need support to fix this root problem.
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sclark113
Excellent Article! Thanks
Thumbs up Scott !
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I Like Ike: A Powerful Warning Ignored, January 17, 1961
http://www.zerohedge.com/article/jeremy-grantham-ignoring-eisenhowers-warnings
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2011 Unemployment Extension – Story of a Plant Closing – Globalization at Its Worst
http://www.associatedcontent.com/article/6227502/2011_unemployment_extension_story_of.html
Spam Comment
It seems that if to add weeks to an unemployment extension has to be paid for why not pull some of the funds from the billions spent on farm subsidies.
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