Valerie
Platinum Member
- Sep 17, 2008
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All the nutters blame everything wrong with the country on Obama so I like to give him some credit on occasion.
THEN LET HIM DO SOMETHING................You might be impressed with just dropping people for the count, Most are not.
I have to laugh for years now dems have shoved words from the CBO down our throats. Here is a little payback.
The Congressional Budget Office was so concerned about these people leaving the labor force that they warned that the current unemployment rate that reporters so breathlessly await at the beginning of each month is quite misleading.
Read more: The Bad News Behind The January Jobs Report | Fox News
The number of unemployed Americans last month fell by 339,000, the fifth largest drop since January 2009. But there was an even much more shockingly large number -- almost 1.2 million additional Americans were classified in January as not being in the labor force (see figure here). Unfortunately, that has been the consistent story that has made this recovery unique as more and more Americans have just given up looking for work.
This last number not only means that the official unemployment number is misleading, but it will also likely determine where the unemployment rate ultimately goes. Indeed, the Congressional Budget Office just last week released its projected unemployment rate for the next couple of years. They predicted that the unemployment rate will be at 8.9 percent during the last quarter of 2012 and rise to 9.2 percent for the last quarter of 2013.
The Congressional Budget Office was so concerned about these people leaving the labor force that they warned that the current unemployment rate that reporters so breathlessly await at the beginning of each month is quite misleading.
At the end of last year, the CBO cautioned that the official unemployment rate was about 1.25 percentage points lower than the real rate. In January, that gap was about 1.6 percentage points.
I know SO many able-bodied capable people who ended up on the 99 week plan, it's a damn shame...and a travesty!
99ers is a colloquial term for unemployed people in the United States, mostly citizens, who have exhausted all of their unemployment benefits, including all unemployment extensions. As a result of the American Recovery and Reinvestment Act passed by Congress in February 2009, many unemployed people can receive up to 99 weeks of unemployment insurance benefits, hence the name "99ers". [1][2][3][4][5][6]
An estimated 7 million people are affected.[7]
99ers - Wikipedia, the free encyclopedia