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Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire

 
Anonymous Coward
11/14/2012 09:54 PM
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Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
The Economic Policy Institute released a new policy brief today that asserts the following: should the unemployment insurance extensions expire, the U.S. labour market would lose 400k jobs next year. It should be noted that the EPI is a left-leaning institute, but the information that they provide is usually spot on.

SNIP

Federally funded extended unemployment insur-
ance (UI) benefits are set to expire at the end of
this year. These benefits serve two very useful
public purposes. Most obviously, they provide a lifeline to
the long-term unemployed and their families during the
deepest and longest economic downturn since the 1930s.1
Less understood but equally crucial, the UI benefit exten-
sions boost spending in the economy and thereby create
jobs. We find that continuing the extensions through
2013 would generate spending that would support
400,000 jobs. If this program is discontinued, the eco-
nomy will lose these jobs.


You can read the brief @ [link to docs.google.com (secure)]
Vold3mort

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11/14/2012 10:23 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Bring it!
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. "

Winston Churchill
Anonymous Coward
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11/14/2012 10:25 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
lol

right so we better not cut off the 99 weeks of free rides for these people

hahaha

when your economy is based on people's welfare checks you know you're fucked

haha

wtf

got to love that democrat reasoning

here's a thought..

what if those people who got cut off were forced to go GET A FUCKING JOB

you know one they DON'T LIKE

omg

the horror!
 Quoting: ^TrInItY^


Bernanke warming up the printing press as you typed that.
Obama would have done it but he has a gold game in the morning.

koolaid FREE KOOL AID FOR EVERYONE!
Anonymous Coward
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11/14/2012 10:26 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
i want to be unemployed too... but unfortunately it's too easy to get a job in the healthcare field...bummer.
Anonymous Coward
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11/14/2012 10:27 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
So funemployment is helping the economy. What's wrong with that? You have to earn funemployment...
Anonymous Coward
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11/14/2012 10:31 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Scare tactics, falling off of that fiscal cliff is (while painful in the short term) not such a bad thing.

It will hurt them more than it will the people.
Southern Man
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11/14/2012 10:33 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
lol

right so we better not cut off the 99 weeks of free rides for these people

hahaha

when your economy is based on people's welfare checks you know you're fucked

haha

wtf

got to love that democrat reasoning

here's a thought..

what if those people who got cut off were forced to go GET A FUCKING JOB

you know one they DON'T LIKE

omg

the horror!
 Quoting: ^TrInItY^


clappa
Bluebird

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11/14/2012 10:34 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Here's a thought--instead of giving these people unemployment, how about a tax break for small business to create jobs for them?

Much better use of the money than putting it down the rabbit hole of endless entitlements.

Last Edited by Bluebird on 11/14/2012 10:35 PM
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Vold3mort

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11/14/2012 10:48 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Here's a thought--instead of giving these people unemployment, how about a tax break for small business to create jobs for them?

Much better use of the money than putting it down the rabbit hole of endless entitlements.
 Quoting: Bluebird


Hey that sounds like trickle down economics. We're working with trickle-up poverty here. You are living in a libtard, democratic insane economic model that will fail miserably. Just give it time.
"The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. "

Winston Churchill
Bluebird

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11/14/2012 10:50 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Here's a thought--instead of giving these people unemployment, how about a tax break for small business to create jobs for them?

Much better use of the money than putting it down the rabbit hole of endless entitlements.
 Quoting: Bluebird


Hey that sounds like trickle down economics. We're working with trickle-up poverty here. You are living in a libtard, democratic insane economic model that will fail miserably. Just give it time.
 Quoting: Vold3mort


Trickle down entitlements.


obamacrazy
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Vavoom
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11/14/2012 10:59 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
All this is saying is all the unemployed receiving benefits that expire will have no money to spend thus causing the loss of 400,000 more jobs ? OH Well- I suggest diverting money earmarked for section 8 housing and ebt cards to unemployment benefits. cruise
Anonymous Coward
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11/14/2012 11:01 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Here's a thought--instead of giving these people unemployment, how about a tax break for small business to create jobs for them?

Much better use of the money than putting it down the rabbit hole of endless entitlements.
 Quoting: Bluebird


Hey that sounds like trickle down economics. We're working with trickle-up poverty here. You are living in a libtard, democratic insane economic model that will fail miserably. Just give it time.
 Quoting: Vold3mort


Trickle down entitlements.


:obamacrazy:
 Quoting: Bluebird



IMAGE ( [link to cascadeclimbers.com] )
Saddletramp
We Don't Rent Pigs...

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11/14/2012 11:02 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
And that doesn't even include the people that are going to be laid off and cut back because of Obamacare...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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11/14/2012 11:04 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
The Economic Policy Institute released a new policy brief today
 Quoting: Wonkish


A great thread, tovarisch!
Desert FoxModerator
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11/14/2012 11:04 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Great news for Democrats, that will give them 400,000 more dependent voters in 4 years.
TOMABANEFOX
thadividedsky

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11/14/2012 11:09 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Wait, if letting extensions expire causes the loss of 400,000 "jobs", then that would mean the govt. has been counting those who are on UI to be gainfully employed, am I reading into that correctly? If so, then we are beyond fucked.
Desert FoxModerator
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11/14/2012 11:09 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
seriously though

unemployment encourages people NOT to work

I know someone in my family who was on it for the entire 99 week maximum term..

they were getting something like $400 every 2 weeks

and they REFUSED to go apply for a job they could actually GET

because unemployment forces you to prove you've at least applied for some jobs this person would apply for 150k a year jobs they were not qualified for over and over and over... of course they never got hired..

I asked them why they didn't just go get a $15 an hour job they KNOW they could get and they said they didn't want to work a shit job

I was like FUCK it would be at least TWICE what you're getting now from unemployment but they preferred to scrape by on unemployment and NOT work...

When the unemployment ran out guess who they turned to for money?

ME

I helped them for awhile but I've since cut them the fuck off..

now?

This same person is applying for those $15 an hour jobs :)
 Quoting: ^TrInItY^

Those with that mind set, are now the ones who elect presidents.
TOMABANEFOX
Anonymous Coward
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11/14/2012 11:11 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Good?

Unemployment to 100% please. Let the robots do the work.
Astralholic
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11/14/2012 11:21 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Just thought you guys would like this.

Kind of old news, but at least the government here in Florida is trying to get the people a little more motivated. Maybe the reverse psychology will work.

[link to www.floridajobs.org]
Anonymous Coward
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11/14/2012 11:22 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
I've been unemployed and collecting benefits since May. I just received the extension. I am putting out at least a dozen or more resumes and applications a week. I have accepted the fact that I will have to settle for underemployment. I was a finance analyst for a large beverage distributor. After 6 months of applying for jobs that would best fit my experience profile, I now am focusing on lessor paid positions for which I am over qualified but I need to work full time and I need a job with benefits. I have applied at McDonalds, JoAnn Fabrics, Safeway and other retailers. I have signed up for free job seminars offered by the Department of Employment Security as well as employment recruiting agencies. After all this I have only gotten one call for an interview since May. Every day wake up thinking this will be the day I get a call. I wait for a call to come from any of these places where I applied and there is nothing. I am going into a deep depression because I am feeling more worthless by the day. I agree there are some people who will sit on unemployment as long as possible but it is not enough to pay the bills so I'm not sure how they are doing it.
My point is...there just are not enough jobs out there for those who truly want to work! That's the truth. I am out cruising the job market every day and the jobs aren't there.
Oh, but there are plenty of colleges out there that are posing as job opportunities and when you get a response you find out it's a scam to get you to pay for an online school.
Black Diamond
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11/14/2012 11:22 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Do the math: Gasoline $4.00 per gallon. Fancy clothes,tools,uniform,work boots etc. Wear an tear on vehicle,lunch out . OR 99 weeks of unemployment,GLP every day ,sleep in,zero stress= no brainer. Capitalism is pain as the motivator and the possibility of becoming wealthy with hard work.
PhennommennonnModerator
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11/14/2012 11:34 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
my next door neighbor got laid off a few months ago. he admitted hes riding out his unemployment til its exhausted. his wifes in a panic bc she cant meet the bills with the reduction in income. /smh
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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Anonymous Coward
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11/14/2012 11:36 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
my next door neighbor got laid off a few months ago. he admitted hes riding out his unemployment til its exhausted. his wifes in a panic bc she cant meet the bills with the reduction in income. /smh
 Quoting: Phennommennonn


Once he decided to finally get up an look, he will be seriously sorry because there are no jobs. Trust me. I've sent out hundreds of resumes and applications to no avail in the last 6 months. Those unemployment numbers are grossly under reported. Too many unemployed, too few jobs.
Anonymous Coward
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11/14/2012 11:36 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
lol

right so we better not cut off the 99 weeks of free rides for these people

hahaha

when your economy is based on people's welfare checks you know you're fucked

haha

wtf

got to love that democrat reasoning

here's a thought..

what if those people who got cut off were forced to go GET A FUCKING JOB

you know one they DON'T LIKE

omg

the horror!
 Quoting: ^TrInItY^


Bernanke warming up the printing press as you typed that.
Obama would have done it but he has a gold game in the morning.

koolaid FREE KOOL AID FOR EVERYONE!
 Quoting: Anonymous Coward 7702124


Dude ! Whether your realize it or not you have hit the nail on the head !

If employment is allowed to fester while Benny and the inkjets try and print the worlds banks back into solvency, the production, investment and output would create so much more money from the fractional lending system: that the Dollar would collapse within weeks as they could not export inflation quick enough by importing oil, while crushing our domestic production.

That's why there continues to be no growth in the employment market !
When they print the world bank’s back into solvency (along way to go) you will see job growth/ (more than likely never)

Why ?

1) With 10K people per day retiring in the U.S. they are selling Bonds, stocks and equities to fund their retirements
Who will be there to buy what they sell to support prices ?

2) With 10K people per day retiring in the U.S. they are selling their houses to downsize and consolidate. When they are "trying" to sell who is there to buy and support housing prices ?

The economy needs to keep expanding with healthy inflation created by Investment, production and output........right? but, where is the money coming from to support all of these depreciating assets ? answer: A Printing Press
Some say so what let the prices fall !
But these are the shallow thinkers called deflationists that have no idea that the anti-deflation backstop is the CDS insurance issued against CDO's that only have 6% or 6 cents for every dollar needed to honor them, when deflation triggers balance sheets into default. It will create the printing of Weimar style paper because the money to honor them (CDS) does not even exist yet !
Anonymous Coward
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11/14/2012 11:39 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
More like 4 million
krosty

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11/14/2012 11:44 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
You're not going to need jobs. Just do what Obama commands for the day!
Anonymous Coward
11/14/2012 11:49 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
More like 4 million
 Quoting: Anonymous Coward 13926736


I believe you may be thinking of the number of individuals who will not receive their checks should the issue not be resolved. The estimate is closer to 2-million not 4-million.
PhennommennonnModerator
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11/14/2012 11:50 PM

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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
my next door neighbor got laid off a few months ago. he admitted hes riding out his unemployment til its exhausted. his wifes in a panic bc she cant meet the bills with the reduction in income. /smh
 Quoting: Phennommennonn


Once he decided to finally get up an look, he will be seriously sorry because there are no jobs. Trust me. I've sent out hundreds of resumes and applications to no avail in the last 6 months. Those unemployment numbers are grossly under reported. Too many unemployed, too few jobs.
 Quoting: Anonymous Coward 1535596


we have jobs here dude.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Queen Of Mean / VENOMmennonn

*Dont fuck with me; ill jump on my menstrual cycle & run your ass over ;)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Every closed eye is not sleeping, and every open eye is not seeing
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The universe responds NOT to what you want.....it responds to what you are being.......are you being what you want?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
the karma cafe has no menus. you get served what you deserve
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Visit The Official GLP Store
[link to www.cafepress.com]

~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Subscribe to TheRawFeedLive On YouTube
[link to youtube.com]
~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Become a member & subscribe to the GLPVC Podcast
[link to members.therawfeedlive.com]
GLPVCpod9
Devoted Follower
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11/14/2012 11:52 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
ochange
Anonymous Coward
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11/14/2012 11:54 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
Obama will give you a job in his personal army to go kill whoever opposes him.
Anonymous Coward
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11/14/2012 11:54 PM
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Re: Fiscal Cliff: Labor market will lose 400,000 jobs in 2013 if UI extensions expire
my next door neighbor got laid off a few months ago. he admitted hes riding out his unemployment til its exhausted. his wifes in a panic bc she cant meet the bills with the reduction in income. /smh
 Quoting: Phennommennonn


Once he decided to finally get up an look, he will be seriously sorry because there are no jobs. Trust me. I've sent out hundreds of resumes and applications to no avail in the last 6 months. Those unemployment numbers are grossly under reported. Too many unemployed, too few jobs.
 Quoting: Anonymous Coward 1535596


we have jobs here dude.
 Quoting: Phennommennonn


You must be in one of the unaffected States. It's seriously desperate in other places in the country. Example: Illinois.