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Hundreds of Thousands About to Lose Unemployment Benefits

 
DaJavoo
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04/05/2009 11:54 AM
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Hundreds of Thousands About to Lose Unemployment Benefits
Emphasis below, the author's.

[link to crooksandliars.com]
By Susie Madrak Sunday Apr 05, 2009 6:30am

I've sent out more than a hundred resumes since last year, and I've gotten exactly one callback. And it's not as if I'm being fussy, either. Yeah, it's pretty ugly out there:

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.

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.

U.S. employers shed 663,000 jobs in March, and the jobless rate now stands at its highest in a quarter-century. Since the recession began in December 2007, a net total of 5.1 million jobs have disappeared.

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.

"My biggest fear is we'll lose the house," said Hernan Alvarez, 54, an Orlando, Fla., construction worker who lost his job in July and whose benefits will end in four weeks. "The only thing I can do is keep looking for work and hope tomorrow will be better than today."

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. If the downturn extends into May, it will be the longest recession since the Great Depression.

Problem could get worse
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.

In March, nearly a quarter of the unemployed had been without work for six months or more, the highest proportion since the 1981-82 recession.

And the problem will probably get even worse. Employers typically remain reluctant to hire even months after a recession has officially ended. In the 1990-91 and 2001 recessions, the jobless rate peaked more than a year after the recovery began.

"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."

:DJrebelli:
malu

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04/05/2009 11:57 AM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
time to open a bar


down and out saloon
"By way of deception, thou shalt do war."

Israel's Mossad

"The truth shall set you free."

U.S. Central Intelligence Agency Motto
Anonymous Coward
User ID: 649526
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04/05/2009 11:58 AM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Maybe we need to ship more manufacturing jobs to China since it creates more jobs here in the US.
Omega

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04/05/2009 11:59 AM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
time to open a bar


down and out saloon
 Quoting: malu



Grow weed. Buy a still. Grow tobaccy. Make boolits.


[link to www.coppermoonshinestills.com]
Handguns are a skill; shotguns an art; rifles a science.
_____________________________________
Democracy is two wolves and a sheep voting on whats for dinner.

Disarmament is the precursor to Genocide.

Better to take action now rather than chances later. Your choice.
Anonymous Coward
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04/05/2009 11:59 AM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
yawn yes that is when people like that really start looking for work, must use up all the free money first.

yawnyawnyawnyawnyawnyawnyawnyawn

GET A JOB YOU LOSERS! tomato
Omega

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04/05/2009 12:00 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Bwhahahahahaahahahahaaha!!!!!


:bdgtctjank:
Handguns are a skill; shotguns an art; rifles a science.
_____________________________________
Democracy is two wolves and a sheep voting on whats for dinner.

Disarmament is the precursor to Genocide.

Better to take action now rather than chances later. Your choice.
twistedfugger
I got nuthin

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04/05/2009 12:01 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I'm seriously kicking around learning how to make beer. Not so sure I've got room in this condo for a still.
User ID 580336

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Australia
04/05/2009 12:04 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Grow weed. Buy a still. Grow tobaccy. Make boolits.
 Quoting: Omega

Very good advice. headbang
Why do you speak shit on the internet?
And what does it do for you personally?
www.climatechangefraud.com
malu

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04/05/2009 12:07 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I'm seriously kicking around learning how to make beer. Not so sure I've got room in this condo for a still.
 Quoting: twistedfugger


it takes no room at all, a still is really for hard liquor, and is a bit more complicated

wine and beer is easy, it's the drinking it that causes all the problems ;) lol
"By way of deception, thou shalt do war."

Israel's Mossad

"The truth shall set you free."

U.S. Central Intelligence Agency Motto
falchion6

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04/05/2009 12:08 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Emphasis below, the author's.

[link to crooksandliars.com]
By Susie Madrak Sunday Apr 05, 2009 6:30am

I've sent out more than a hundred resumes since last year, and I've gotten exactly one callback. And it's not as if I'm being fussy, either. Yeah, it's pretty ugly out there:

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.

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.

U.S. employers shed 663,000 jobs in March, and the jobless rate now stands at its highest in a quarter-century. Since the recession began in December 2007, a net total of 5.1 million jobs have disappeared.

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.

"My biggest fear is we'll lose the house," said Hernan Alvarez, 54, an Orlando, Fla., construction worker who lost his job in July and whose benefits will end in four weeks. "The only thing I can do is keep looking for work and hope tomorrow will be better than today."

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. If the downturn extends into May, it will be the longest recession since the Great Depression.

Problem could get worse
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.

In March, nearly a quarter of the unemployed had been without work for six months or more, the highest proportion since the 1981-82 recession.

And the problem will probably get even worse. Employers typically remain reluctant to hire even months after a recession has officially ended. In the 1990-91 and 2001 recessions, the jobless rate peaked more than a year after the recovery began.

"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."

 Quoting: DaJavoo

Yep, I'll be getting my last unemployment check next week. My wife managed to land a job recently, but out of all the apps and resumes I turned in, only one interview, and a week later, called me back to tell me that their insurance wouldn't cover me due to a past DUI. I'm either gonna take some more college classes and use up my GI Bill or find a job in a totally different line of work. 32 and I have to move my whole family back to mom's house. Kinda sucks, but I can't afford the $1100/mo. rent anymore.
Anonymous Coward
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04/05/2009 12:09 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I'd open a toilet paper factory.
DaJavoo (OP)

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04/05/2009 12:12 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Yep, I'll be getting my last unemployment check next week. My wife managed to land a job recently, but out of all the apps and resumes I turned in, only one interview, and a week later, called me back to tell me that their insurance wouldn't cover me due to a past DUI. I'm either gonna take some more college classes and use up my GI Bill or find a job in a totally different line of work. 32 and I have to move my whole family back to mom's house. Kinda sucks, but I can't afford the $1100/mo. rent anymore.

 Quoting: falchion6



Sux.
:DJrebelli:
Anonymous Coward
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04/05/2009 12:20 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I'd look at either geoengineering and coal to liquid if I was going back to school. Of course geoengineering might involve chemtrail work.
Nailer45

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04/05/2009 12:22 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
time to open a bar


down and out saloon
 Quoting: malu


for more clients/ people in need.
you would make more $$$ by opening a soup kitchen ,at .50 cents a bowl and a dime for a slice of bread.

Last Edited by Nailer45 on 04/05/2009 12:22 PM
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
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04/05/2009 12:22 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
time to open a bar


down and out saloon
 Quoting: malu

How about Recession Refreshments or Bailout Booze?
twistedfugger
I got nuthin

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04/05/2009 12:24 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I'm seriously kicking around learning how to make beer. Not so sure I've got room in this condo for a still.


it takes no room at all, a still is really for hard liquor, and is a bit more complicated

wine and beer is easy, it's the drinking it that causes all the problems ;) lol
 Quoting: malu


I leave the moonshine making to the moonshine makers. But I think I can do the beer.

As to the topic of the thread, I really feel for those folks. I feel very fortunate to be employed right now.
CelticLegends

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United Kingdom
04/05/2009 12:25 PM

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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I have a sneaking suspicion that the U.K. benefits system might collapse altogether some time this year also.

Last Edited by CelticLegends on 04/05/2009 12:25 PM
It is the Thunderbolt that steers the Universe
- Heraclitus
scimitar

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04/05/2009 12:25 PM

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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Bwhahahahahaahahahahaaha!!!!!


:bdgtctjank:
 Quoting: Omega


Oh.... you obviously have not heard.....those are stealth guns employed by individuals who have lost a hand....... they really shoot!
One Truth.... many realities
Anonymous Coward
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04/05/2009 12:27 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I'd look at either geoengineering and coal to liquid if I was going back to school. Of course geoengineering might involve chemtrail work.
 Quoting: Anonymous Coward 649526


I'd look more into bioengineering. Interesting note, Shell BP dropped their solar panel/wind turbine division and is moving into biofeuls as their alternative energy division. It only makes sense. Biofeuls will be the only viable energy alternative down the road. Solar/Wind is just not economically sound.
malu

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04/05/2009 12:36 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
time to open a bar


down and out saloon


for more clients/ people in need.
you would make more $$$ by opening a soup kitchen ,at .50 cents a bowl and a dime for a slice of bread.
 Quoting: Nailer45


people expect soup lines to be free, in the last great depression, speak easies (bars) made a killing
"By way of deception, thou shalt do war."

Israel's Mossad

"The truth shall set you free."

U.S. Central Intelligence Agency Motto
Cat Man
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04/05/2009 01:45 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I hope our government and states get away from the idea of making bio-fuel from corn, as that is contributing greatly to the rise of food prices in the supermarkets. These food price increases are hurting everyone but especially the poor when they can't even afford to buy a box of cornflakes for their kids breakfast anymore. And the use of corn for fuel is making the cost of buying a ham or bacon out of the reach of a lot of people now.
DaJavoo (OP)

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04/05/2009 03:57 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I hope our government and states get away from the idea of making bio-fuel from corn, as that is contributing greatly to the rise of food prices in the supermarkets. These food price increases are hurting everyone but especially the poor when they can't even afford to buy a box of cornflakes for their kids breakfast anymore. And the use of corn for fuel is making the cost of buying a ham or bacon out of the reach of a lot of people now.
 Quoting: Cat Man 618663


DJexcel
:DJrebelli:
Blondie41J
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04/05/2009 04:01 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I have been out of work since November with stellar references and a clean background. I was an engineering secretary let go due to the economy. I am just not sure how anyone is going to find a job in this economy
Anonymous Coward
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04/05/2009 04:02 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Tell all the work shy Yankies that they have 2 weeks to find a job or its forced Military enlistment and a one way ticket to get shot at in Iraq.

I bet you that halves your unemployment figures in 2 weeks.

Get tough with the scrounging wankers.
Anonymous Coward
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04/05/2009 04:03 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I have a sneaking suspicion that the U.K. benefits system might collapse altogether some time this year also.
 Quoting: CelticLegends



yeh i think you could be onto something there...
Anonymous Coward
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04/05/2009 04:04 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I hope our government and states get away from the idea of making bio-fuel from corn, as that is contributing greatly to the rise of food prices in the supermarkets. These food price increases are hurting everyone but especially the poor when they can't even afford to buy a box of cornflakes for their kids breakfast anymore. And the use of corn for fuel is making the cost of buying a ham or bacon out of the reach of a lot of people now.


:DJexcel:
 Quoting: DaJavoo


Hemp oil would make a remarkable biofuel base. If we can get that legislation passed, there would be no need to return to corn Ethanol, which isn't economically sound anyway.

If you got right down to it, raw sewage is the most economic and sustainable biofuel there is. We should be capturing this free energy resource and producing electricity.
Avian

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04/05/2009 04:06 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
Bwhahahahahaahahahahaaha!!!!!


:bdgtctjank:
 Quoting: Omega


thats funny
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Frédéric Bastiat

food, water, ammo, weapons, battery back up solar, hand well pump, wood stove and 1 year of food...oh yeah PM's too...good luck
Anonymous Coward
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Canada
04/05/2009 04:08 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
time to open a bar


down and out saloon

How about Recession Refreshments or Bailout Booze?
 Quoting: Anonymous Coward 630163


Hard Luck Cafe ?
Anonymous Coward
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04/05/2009 04:09 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I have been out of work since November with stellar references and a clean background. I was an engineering secretary let go due to the economy. I am just not sure how anyone is going to find a job in this economy
 Quoting: Blondie41J 265891



What absolute bollocks, You just don't want to do a job you believe is "beneath you"

Mcdonalds, Burger King, KFC, Dennys, are always hiring, you could walk into a hotel chambermaid job, or be a pot washer in a restaurant tomorrow. Go work in a bar you telling me where you live there are no bar jobs?

Bollocks.
Anonymous Coward
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04/05/2009 04:12 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
there's only so many minimum wage jobs around as well

no, we're ALL fucked, without a doubt.
Anonymous Coward
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04/05/2009 04:15 PM
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Re: Hundreds of Thousands About to Lose Unemployment Benefits
I have been out of work since November with stellar references and a clean background. I was an engineering secretary let go due to the economy. I am just not sure how anyone is going to find a job in this economy



What absolute bollocks, You just don't want to do a job you believe is "beneath you"

Mcdonalds, Burger King, KFC, Dennys, are always hiring, you could walk into a hotel chambermaid job, or be a pot washer in a restaurant tomorrow. Go work in a bar you telling me where you live there are no bar jobs?

Bollocks.
 Quoting: Anonymous Coward 606127


Actually, wanker, it's true. Many areas of the country have 100's of people applying for even positions at fast-food joints. Even menial jobs are disappearing.

News








We're dropping truth bombs like it's the end of days!