Sep 2 2009

California Economy: $80 Million in Unemployment Insurance Being Paid out Per Day. 143,000 Exhausted Their Jobless Benefits on September 1. One in Four Unemployed Workers without a Job for 27 Weeks or More.

In another sign that California is inching back to the financial edge, earlier this week 143,000 unemployed Californians exhausted their unemployment benefits.  Now, you might think that this is simply a function of a normal recession.  It is not.  In fact, many of these people have exhausted their 26 weeks of benefits plus three additional [...]

Aug 18 2009

34 Million Americans Receiving Food Assistance – 6 Million Increase in One Year: Five Charts Showing the Status of U.S. Employment: Manufacturing Pounded, Participation Rate at Multi-Decade Lows, Part-time Employment at Record Levels, and Less Layoffs with few Hires.

There is something troubling when the theme of recovery is never tied to U.S employment.  The American worker is suffering.  This has not changed.  The solace being offered is that less people are being fired.  I suppose the 26 million American workers who are unemployed or underemployed might find some comfort in the jobless recovery [...]

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