Showing posts from February, 2012

F**KED: The United States of Unemployment / In Love with Occupy


God bless Joe Carbone and The Workplace

Carbone: “We ought to be angry. We ought to [be] figuring out how we’re going to restore for them the American dream.” #60Minutes— 60 Minutes (@60Minutes) February 20, 2012

CT News: AARP grants $200K to WorkPlace for older 99ers program

Update: 60 Minutes will feature a story about the Platform to Employment program this Sunday. A preview: Rob Varnon, writing in the Financial Mines blog:The WorkPlace Inc.'s Platform to Employment program to help long-term unemployed over the age of 50 find new careers received a $200,000 boost in funding from the AARP.The WorkPlace, a nonprofit that handles the job placement and training for the state, started its P2E program last year inviting 100 people who had exhausted 99 weeks of unemployment to participate. The people, dubbed 99ers, were given classes and employment subsidized through private sector grants. The WorkPlace said so far, 50 of the first participants have been placed in jobs.The AARP grant will support intensive core skills as well as occupational training for the program."The current economic uncertainty has left many older Americans concerned about making ends meet," said Phyllis L. Kim, AARP Foundation senior vice president, Office of Grants Administ…

A question for @RepNanHayworth

Representative Nan Hayworth is a freshman member of Congress who represents the NY 19th. She released this statement concerning the payroll tax deal:"Today the Conference Committee agreed to a report extending the payroll tax holiday, federal contribution to unemployment benefits, and current Medicare reimbursement rates for doctors. I have always supported these programs, and in recent days I've been privileged to be a highly visible advocate for providing the greatest possible certainty to hardworking taxpayers, job-creating employers, the growing ranks of unemployed Americans, and our seniors and doctors who rely on Medicare. Our agreement here today is a result of Republicans and Democrats coming together to serve our constituents and the American people."In New York State alone, over 446,000 men and women have had to participate in the Extended Benefits program since July 2008. As of April 2011, ten months ago, over 218,000 New Yorkers exhausted their benefits.Repre…

GAO Report: 5.5 Million 99ers

The GAO just released a new report: "Economic Circumstances of Individuals Who Exhausted Benefits" GAO was asked to examine: (1) how many of the workers who lost jobs in the recession received and exhausted UI; (2) what are the economic circumstances of those who exhausted UI, and how many received support from TANF and other programs; and (3) the extent to which UI agencies refer those exhausting UI to other support programs. GAO analyzed data from the Current Population Survey’s 2008 and 2010 Displaced Worker Supplements and the 2010 Annual Social and Economic Supplement and data from the Departments of Labor and Health and Human Services. GAO also surveyed 51 state UI agencies and conducted interviews with 16 state TANF agencies, selected to reflect a range of unemployment rate changes in recent years.Their conclusion?"Among the 15 million workers who lost jobs from 2007 to 2009, half received Unemployment Insurance (UI), and about one-fourth of the recipients exhau…

Floor Statement on H.R. 3630 Conference Agreement by Congressman Sandy Levin

Floor Statement on H.R. 3630 Conference Agreement | Congressman Sandy LevinWays and Means Committee Ranking Member Sander Levin (D-MI) today made the following statement on the floor of the House of Representatives in support of the H.R. 3630 Conference agreement:The basic fact is that this legislation is very different from the December House Republican bill. Very different. And any efforts to mask that are false. That House bill was the main bill before the Conference Committee. The basic fact is the Conference Committee made major changes to the House bill that passed in December essentially on a partisan basis. And therefore this legislation is much better for the American people.…It's also very different in terms of unemployment insurance. Let's be clear about that. The bill that the Republicans passed through the House that was the main bill before the Conference Committee would have slashed 40 weeks of unemployment insurance for millions of Americans. And this bill esse…

You're going the wrong way!

Quoting from the Washington Post:In addition, the two sides reached a tentative plan to reform unemployment benefits, reducing the maximum time frame to benefit from the jobless insurance program to 73 weeks in the states with the hardest-hit economies.Dammit, Congress - why are you so willing to throw the unemployed overboard?

F**KED: The United States of Unemployment / a history story


"We are systematically destroying our customer base in this country by undercutting the middle class"

Henry Blodget at The Daily Ticker interviewed Nick Hanauer, an entrepreneur who's making a business case for higher taxes on the rich. A second notable quote from the interview:"Corporate profits are at a 50-year high, while unemployment is also at a 50-year high. If it was true that the rich and business were the job creators, we'd be drowning in jobs today."

The Long Term Unemployed Aren't Lazy, There Just Aren't Any Jobs

Heidi Shierholz, writing in US News' Economic Intelligence blog:…it is not that millions of workers now lack the necessary skills, or have become unproductive, or would rather be on unemployment insurance benefits.The finding that the increase in unemployment duration is predominantly due to weak demand for workers means that it is not the unemployed workers' fault that they can't find jobs, employers simply do not have work for people to do.And with that, the updated JOLTS ratio (source: FRED). Before the Great Recession, you can see that we averaged about two workers for every job opening nationwide. Today, that number is twice as high:

F**KED: The United States of Unemployment / The Roller Coaster


Quote of the Day: Long-term Unemployment

"(And) we should never forget that the persistence of high unemployment inflicts enormous, continuing damage on our economy and our society, even if the unemployment rate is gradually declining. Bear in mind, in particular, the fact that long-term unemployment — the percentage of workers who have been out of work for six months or more — remains at levels not seen since the Great Depression. And each month that this goes on means more Americans permanently alienated from the work force, more families exhausting their savings, and, not least, more of our fellow citizens losing hope."Paul Krugman, NY Times op-ed, Feb. 5

Graph of the Day: U3, U4 and U6

Update:Rich Yeselson at the Washington Monthly and writers at the Christian Science Monitor have both looked at this issue before we got there. We post these numbers in each monthly update of the Stat Pack page, but it's helpful to focus in on them. January's jobs report surpassed expectations, and that put the GOP on the defensive. One of the arguments put forth was "Sure, but the reason unemployment dropped was because people stopped looking for work."The BLS monthly report counts those people, too, by looking at discouraged workers and marginally-attached workers. This entry from AmosWeb helps illustrate the difference:"Peter Pankovic and his twin sister Paula provide examples of marginally-attached workers. Both were once employed at the HyFy Electronics Company (a leading record-player manufacturer). But when HyFy Electronics Company went bankrupt, Paula and Peter both lost their jobs. Each actively sought employment for several months, without success.Peter…

As seen on TV

@HELPTHE99ERS: #edshow The January job numbers are great, but we can't forget: there are almost 2 million #99ers out there whose lifeline is gone.

Rep. Barbara Lee: Conference Committee Must Extend Emergency Unemployment Benefits

Congresswoman Barbara Lee, writing in The Huffington Post: "We must immediately extend the expiring emergency unemployment benefits to the maximum authorized levels, and we should also immediately add an additional 14 weeks of tier-I unemployment benefits for the millions of Americans who have completely exhausted their benefits while struggling to find work. My bill with Congressman Bobby Scott, H.R. 589, does just that. While the bill languishes in committee, it is my hope that this conference committee will consider this legislation for inclusion in any final legislative agreement.Far too many Americans have exhausted all of their unemployment benefits and are still unable to find work. Abandoning these job seekers will only further depress the economy as the long-term unemployed fall into poverty and begin to be eligible for other needs-based federal benefits. These individuals would then become part of the "99ers," the nickname for the jobless population that has …

2. F**KED: The United States of Unemployment / BREAKING SILENCE