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500,000 Will Exhaust Unemployment Benefits by September, 1.5 Million by Year-end
500,000 Will Exhaust Unemployment Benefits by September, 1.5 Million by Year-end
The Emergency Unemployment Compensation (EUC) program began in June 30,2008. Benefits under the act have now been extended twice. Unless Obama extends the program a third time, it's the end of the line for many receiving unemployment benefits. Please consider First wave of jobless exhaust ...
Average length of unemployment highest since 1948.
Average length of unemployment highest since 1948.
online.wsj.com — MORTIMER ZUCKERMAN The recent unemployment numbers have undermined confidence that we might be nearing the bottom of... the recession. What we can see on the surface is disconcerting enough, but the inside numbers are just as bad. The Bureau of Labor ... (more) Average length of unemployment highest since 1948.
But What Does It Mean for Me?
baselinescenario.com — I’ve gotten a couple questions along the lines of: What do the crisis, the recession, and the... recovery (of the banking sector) mean for ordinary people? I don’t think there’s any systematic way to answer this question, so I will simply offer some observations and guesses.  ... (more) But What Does It Mean for Me?
Global Confidence Drops as Unemployment Surge Counters Stimulus
Global Confidence Drops as Unemployment Surge Counters Stimulus
bloomberg.com — July 15 (Bloomberg) -- Confidence in the world economy dropped for the first time in four months... in July as government stimulus efforts showed little sign of reducing unemployment, a Bloomberg survey of users on six continents showed. The Bloomberg ... (more) Global Confidence Drops as Unemployment Surge Counters ...
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Evening Briefing for July 19th
TraderFeed — ... -- Earnings reports are supporting the rise in share prices; -- The relationship between changes in home prices and share prices; excellent site; -- Where jobs have been gained and lost in the economy; -- Reflections on trading options expiration days; -- Looks as though we may need to extend unemployment benefits further. . ...

Don't Believe the Hype About Hyperinflation
Minyanville — ... -- at least by much. Social Safety Nets Mask Deflationary Depression Prechter is looking for a "major economic depression. I think it s clear we re already in one. The only reason it s not more readily visible is because people are living in foreclosed houses, unable or unwilling to pay their mortgage; one in 9 people living in the US is on food stamps; and unemployment insurance has been extended twice. Congress is now debating extending it a third time. If Congress doesn t act, 500,000 Will Exhaust Unemployment Benefits by September, 1.5 Million by Year-End. Although the ...

Related: obama and extend* and "euc" program and "third time", emergency unemployment compensation (euc) program, emergency unemployment vs. extended benefits, unemployment benefits end
More State Woes...EconomPic
Urban.org provides a nice background on Unemployment Insurance benefits and the problems certain states faced at the end of 2008: The states finance UI benefits with payroll taxes paid by employers into state trust funds maintained at the U.S. Treasury. State balances earn interest income. The ...
Is This “The Spike?” It’s Beginning To Look A Lot Like The End Of The Recession In 2001Daily Markets
FT.COM - The number of US workers claiming unemployment benefits fell to the lowest level since January last week, as the pace of job cuts eased and car companies shifted the timing of their layoffs. New jobless claims fell by 47,000 to 522,000 in the week ending July 11, according to the ...
Is This "The Spike?" It's Beginning To Look A Lot Like The End of the Recession in 2001CARPE DIEM
FT.COM -- The number of US workers claiming unemployment benefits fell to the lowest level since January last week, as the pace of job cuts eased and car companies shifted the timing of their layoffs. New jobless claims fell by 47,000 to 522,000 in the week ending July 11, according to the ...