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Economy for everyday Americans is stagnant/unemployment rises

This is a discussion on Economy for everyday Americans is stagnant/unemployment rises within the Politics forums, part of the US Discussion category; May Jobs Report: U.S. Economy Adds 175,000 Jobs; Unemployment Rate Up To 7.6 Percent Black Unemployment Rate Went Up in May Yeah the bankers and ...


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Old 06-09-2013, 11:56 AM
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Economy for everyday Americans is stagnant/unemployment rises

May Jobs Report: U.S. Economy Adds 175,000 Jobs; Unemployment Rate Up To 7.6 Percent

Black Unemployment Rate Went Up in May

Yeah the bankers and the rich are insulated by their wealth and investments but average Americans are just bumbling along in this crap shoot of a recovery.
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Old 08-04-2013, 10:31 PM
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Wink

Uncle Ferd says tell `em to go back home an' draw unemployment there...

Unemployment Climbs to 9.4% Among Hispanics; Double What It Was 7 Yrs Ago
August 2, 2013 -- Unemployment among American Hispanics climbed to 9.4 percent in July, up from 9.1 percent in May and June, and 9.0 percent in April, according to data released today by the Bureau of Labor Statistics.
Quote:
During President Obama's time in office, the number of American Hispanics who are unemployed has increased 161,000--rising from 2,205,000 in January 2009 to 2,366,000 in July 2013. BLS defines a person as unemployed if they are 16 years or older and do not have a job, but have actively sought one in the last four weeks. The Hispanic community has been hit harder by unemployment in recent years than Americans generally, as the Hispanic unemployment rate has never dropped below 9.0 percent during President Barack Obama’s time in office, according to BLS. At 9.4 percent in July, Hispanic unemployment was 2 points (or 27 percent) higher than the overall national rate of 7.4 percent.

In the forty years that BLS has been recording the unemployment rate among Hispanics, the optimal period for Hispanic employment was 2006. During two months of that year, Hispanic unemployment dropped below 5 percent—hitting 4.9 percent in May 2006 and 4.7 percent in October 2006. At that time, the difference between Hispanic unemployment and overall unemployment was not as great as it is today. In October 2006, for example, when Hispanic unemployment was 4.7 percent, overall unemployment was 4.4 percent—a difference of only 0.3 points (or 6.8 percent). In the twelve years (1997 through 2008) before Obama took office in January 2009, there was only one month when unemployment among Hispanics climbed over 9.0 percent. That was December 2008, when it hit 9.3 percent.

The 9.4 percent unemployment rate among Hispanics in July 2013 was twice the 4.7 percent unemployment rate among Hispanics in October 2006. Also back in October 2006, according to BLS, there was a higher percentage of Hispanics—68.5 percent--participating in the labor force. This July, 66.7 percent of Hispanics participated in the labor force. A person is deemed by BLS to be participating in the labor force if they are 16 years or older and either have a job or have actively sought a job in the last four weeks. In June, according to BLS, 2,267,000 Hispanics were unemployed. In July, the number of Hispanics who were unemployed climbed by 99,000 to 2,366,000.

- See more at: Unemployment Climbs to 9.4% Among Hispanics; Double What It Was 7 Yrs Ago | CNS News
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Kinda funny how, instead of a 'sequester', the Wall Street bankers got bailed out.
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Old 08-04-2013, 10:47 PM
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I know- let's do another debt ceiling "CRISIS!!" and sequester, only guts growth 1-1.5% for 2 years, for NOTHING. And block a jobs act for another 1%. Brilliant!
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The USA is the only modern country in the world where full time workers live in poverty and have no health care (750k bankruptcies a year, most HAVE insurance - crap insurance!)After 30 years of Voodoo: worst min. wage, work conditions, illegal work safeguards, vacations, work week, college costs, rich/poor gap, upward social mobility, % homeless and in prison EVAH, and in the modern world!! And you complain about the victims? Are you an idiot or an A-hole?
Pubs have blocked EVERYTHING since 2/4/2010- don't be duped...again. Stimulus worked-ran out in 2010.
Total Pub Propaganda BS: ACORN, Kenyan Muslim Marxist,Tides, Mosque, Death Panel, lose your doctor, huge costs, DEBT CRISIS, Obama Recession, stimulus failed, Barney Frank, Nazi Soros, Nazi socialists, Volt suqs, Iran making bomb etc etc.
[U]I'm sorry- dupes are lovely people- but I can't take their lazy, ignorant, careless, stupid politics a minute longer. Sorry
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Old 01-08-2014, 03:08 AM
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Thumbs up

Good idea...

Unemployment Benefits Extension Passes Senate
January 07, 2014 — In an unexpected move earlier today, the Senate voted to close debate on a bill that would extend unemployment benefits for long term jobless by up to three more months.
Quote:
The Emergency Unemployment Compensation Extension Act (https://www.govtrack.us/congress/bills/113/s1845) provides states with the money necessary to extend their unemployment insurance past the traditional 27 week cutoff. Congress authorized the emergency funding in the wake of 2008's financial crisis, and renewed it annually until last month when lawmakers allowed the program to lapse. The current bill would resume that funding, although individual states can take as much or as little of the money as they please.

The cloture vote came as a surprise to most onlookers, who expected Republicans to remain united behind opposition to the bill. After last minute efforts by both Congressional Democrats and the White House, however, six Republicans joined with Democrats to close debate in a 60-37 vote. No Democrats voted against the extension, while all but two of the remaining Republicans did.

Today's vote only avoided a filibuster on the unemployment extension. The Senate will next have to pass a final version of its bill and send it to the House. Leadership hopes to hold the vote by the end of this week after possibly adding measures to pay for the law's $6.5 billion price tag.

President Barack Obama has thrown his support behind the legislation, saying that allowing unemployment insurance to lapse in a time of high unemployment "is wrong" and calling on Congress "to make things right."

More Unemployment Benefits Extension Passes Senate - MainStreet
See also:

2014 Interest Rate Forecast
January 07, 2014 — As interest rates continue to climb up slowly, consumers are facing more costs when they incur additional debt.
Quote:
The Federal Reserve announced in December that it would start to purchase $10 billion less of bonds each month starting this January. The tapering of the Fed's quantitative easing program artificially suppressed interest rates. Mortgage rates will start to "move higher in a slower, steadier fashion than 2013," said Bankrate.com senior financial analyst Greg McBride. The current rate for a 30-year fixed mortgage is 4.55%, according to Bankrate.com.

Mortgage rates are likely to move past the 5% mark during the first half of 2014 and could reach 5.5% in the second half of the year, he said. "It was inevitable," he said. "This is going to be a year where mortgage rates increase, but at a modest pace." Mortgage rates remain low compared to the last several decades. In the 1980s, mortgage rates reached the mid-teens, however the average rate over the past 30 years is 7.5%, said McBride.

Consumers who are planning to purchase homes should not let the slight increase prevent them from buying a house or condo. "I wouldn't let the rise in mortgage rates deter you," he said. "We're still at very attractive levels. It is important to be on sound financial footing and have solid credit before you purchase a house."

The economy should continue to rebound steadily in 2014, said Tim Lucas, editor-in-chief of MyMortgageInsider.com. Mortgage rates have been artificially low because of the efforts of the Federal Reserve. The average 30-year fixed mortgage rate could reach 5.25% by mid-2014 and closer to 5.5% by the end of the year, he said.

MORE
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Kinda funny how, instead of a 'sequester', the Wall Street bankers got bailed out.
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Old 01-08-2014, 03:11 AM
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Where is that confounded push button trickle down valve release?
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Old 01-08-2014, 04:03 AM
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Where the hell is that economy that Barry and his posse keep telling everyone is getting better?

You know the one that he's now got his laser sight on??

Oh wait. I forgot. He doesn't give a shit. He's not running for POTUS again and will be taken care of by we the taxpayer for the rest of his jackass life. Never mind.
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Old 01-08-2014, 04:29 AM
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Quote: Originally Posted by Moonglow View Post
Where is that confounded push button trickle down valve release?
Where is that golden law that states someone else's success or keeping of their wealth prevents you from getting wealth??

This is not the Zero Sum Game, idiot
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Old 01-08-2014, 05:28 AM
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Hey lets all give three big cheers for a declining standard of living......hiphip horray, hip hip hoo......ah fuck it, who cares if we have a declining standard of living.

As has been pointed out repeatedly by the right wingers. Our "poor" people, when compared to the rest of the worlds poor, just have got it so good.

And the middle? Well, just grab your boot straps and jerk yourself right off into the wealthy class. And if you can't do that, oh well.

But the ultra wealthy? They need all the help they can get from the rest of us. And don't be fucking wanting to tax them more. They have a hard row to hoe you know. Trying to figure out what to do with all that money is......taxing. I mean very hard.
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Old 01-08-2014, 05:30 AM
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Quote: Originally Posted by Claudette View Post
Where the hell is that economy that Barry and his posse keep telling everyone is getting better?

You know the one that he's now got his laser sight on??

Oh wait. I forgot. He doesn't give a shit. He's not running for POTUS again and will be taken care of by we the taxpayer for the rest of his jackass life. Never mind.
Obama is a fool and I bet he used to get his ass kicked often.

Economy? Mark it down- I predict the FED will be disgraced as they will be forced to increase QE by the end of the year.

-Geaux
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Old 01-08-2014, 05:37 AM
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Quote: Originally Posted by Grampa Murked U View Post
May Jobs Report: U.S. Economy Adds 175,000 Jobs; Unemployment Rate Up To 7.6 Percent

Black Unemployment Rate Went Up in May

Yeah the bankers and the rich are insulated by their wealth and investments but average Americans are just bumbling along in this crap shoot of a recovery.
Hey, according to Obama massive unemployment creates more jobs.
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Old 01-08-2014, 05:41 AM
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Quote: Originally Posted by mudwhistle View Post
Quote: Originally Posted by Grampa Murked U View Post
May Jobs Report: U.S. Economy Adds 175,000 Jobs; Unemployment Rate Up To 7.6 Percent

Black Unemployment Rate Went Up in May

Yeah the bankers and the rich are insulated by their wealth and investments but average Americans are just bumbling along in this crap shoot of a recovery.
Hey, according to Obama massive unemployment creates more jobs.
And so does Stretchy Pelosi

-Geaux

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Old 01-08-2014, 07:30 AM
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If you like your unemployment check you can keep it.


Does anyone know of any large group about to lose their benefits? Isn't this just an attempt to change the subject from Obamacare? Let's talk about the Dem's favorite issues, shall we? Income inequality, raising the minimum-wage, illegal immigration. Don't pay attention to the abortion the left has made of Obamacare or our foreign policy. Let's talk about how concerned Obama was during his last Hawaiian vacation. Forget the fact that nothing he says can be trusted anymore or never could. He's simply trying to go back to re-addressing wedge-issues that worked for him in the past but never lifted a finger to solve nor plans to.

He throws his base a bone periodically, but does he ever solve anything?

No......
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Old 01-08-2014, 07:35 AM
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Quote: Originally Posted by Moonglow View Post
Where is that confounded push button trickle down valve release?
Jesus, you're fucked up already?
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Old 01-08-2014, 07:41 AM
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Quote: Originally Posted by zeke View Post
Hey lets all give three big cheers for a declining standard of living......hiphip horray, hip hip hoo......ah fuck it, who cares if we have a declining standard of living.

As has been pointed out repeatedly by the right wingers. Our "poor" people, when compared to the rest of the worlds poor, just have got it so good.

And the middle? Well, just grab your boot straps and jerk yourself right off into the wealthy class. And if you can't do that, oh well.

But the ultra wealthy? They need all the help they can get from the rest of us. And don't be fucking wanting to tax them more. They have a hard row to hoe you know. Trying to figure out what to do with all that money is......taxing. I mean very hard.
Clarification...

Zeke:

'I wish I was more successful than I was, must since I wasn't, I will continue to blast the successful and question why they are not happy making my life more comfortable at their expense...those selfish, evil HARD WORKING RISK TAKING JOB CREATING profiteers!'
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