Thread: Tens of Thousands To Exhaust Emergency Unemployment Benefits

Tens of Thousands To Exhaust Emergency Unemployment Benefits in Coming Months

Author: Mac Slavo- April 21st, 2011
37 Comments

While media and economic analysts salivate over reportedly stabilizing jobless claim numbers, tens of thousands of Americans are about to exhaust their unemployment benefits: http://www.ft.com/cms/s/0/0d1a8b5a-6c13 ... z1KCBSbojJ

…now the sustenance has been cut off. The federal Extended Benefits program, which provides up to 20 weeks of benefits for long-term unemployed who burn through both state benefits and federal Emergency Unemployment Compensation, expired this month in North Carolina, Tennessee and Wisconsin.

The deadline for payouts passed on April 16. The North Carolina General Assembly approved a bill that would preserve the benefits, but Gov. Bev Perdue (D) vetoed it Saturday because Republicans paired the measure with deep budget cuts. St. Louis is one of 37,000 long-term unemployed North Carolinians who have been left hanging.

The next states where the program will expire are Alaska, Alabama and Kansas, according to Mike Evangelist of the National Employment Law Project. Analyzing state unemployment data released Tuesday by the U.S. Department of Labor, Evangelist predicts EB payments will stop in those states on May 14 unless local lawmakers take action. Payments will stop in June in Arizona, Pennsylvania, Washington, D.C. and New Jersey (though legislation to prevent the cutoff there is on the governor’s desk).

source: Huff Post

As fiscal budgetary issues in states across the nation get worse, we can expect that there will be no relief for those who are simply unable to find labor. We’ll spend billions upon trillions fighting wars in the middle east, bailing out other nations from natural disasters, providing foreign aid to buy allies, and stimulating economic recovery by purchasing worthless assets from even more worthless banks domestically and abroad. But when it comes to providing assistance for Americans right here at home, politicians immediately began talking about the necessity of budget cuts, spending measures and austerity.

It’s worth noting that while jobless claims are hovering at 400,000 new claims, it takes over 200,000 jobs to be created each month just to break even. Thus, we are still losing more jobs then we are creating. On top of that, thousands of Americans every week are losing their emergency unemployment benefits, often becoming totally invisible in the unemployment statistics because they are ‘no longer looking for work.’

While pundits argue about whether or not we will have a double dip recession, for millions of Americans, we’re well beyond that, clearly within depression territory. According to John Williams of Shadowstats, http://www.shadowstats.com/alternate_da ... ent-charts if we utilized calculation methods for unemployment the way we did before 1994, and counted not just those who are unemployed or employed part-time and looking for full time work, but those who are considered “long-term discouragedâ€

let me emphisize to all of you Americans that have lost your jobs or concerned about loosing your jobs

The broke ass Commander ~n~ Chief wants to give AMNESTY to between 32 - 48 Million Illegal Aliens making them Eligible to compete LEGALLY for ANY job in America

Undercutting Waqes and further putting more of you out of a house because you cant afford to pay for it

you think your screwed now.. stick around