Second Bill of Rights

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Modern day slavery?

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George Carlin - Right!

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State of the Union

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Apropos Quote: The most formidable weapon against errors of every kind is reason. - Thomas Paine

“The Occupy effect? In the last 3 months, Americans switched banks at three times the normal rate.”

Two summers ago, at the U. S. Social Forum, I attended a panel discussion about ways to expand the use of credit unions as alternatives to the “too big to fail” banks whose risky investments had helped tank the economy. ch of the speakers—people involved in credit union leadership or advocacy—expressed confusion and frustration that they hadn’t already seen a post-crisis shift away from corporate banks and toward credit unions (which have the advantages of being not-for-profit, owned and governed by their depositors, far more likely than big banks to lend to small businesses, and not responsible for any global economic meltdowns).

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Web Sourced News - Round Up of News From the Web


U3 and U6 unemployment rates to January 2012UPDATED February 3, 2012  The economy created a moderate number of jobs in January. both the U3 and U6 unemployment rates dropped to the lowest they have been since early 2009. Still, if the pace of job growth is maintained, unemployment rates won't return to pre-recession levels until after 2016!

The number of unemployed decreased  in December the government reported today. The  U-3  unemployment dropped to 8.3% in January. The  U-6  unemployment rate  dropped to 15.1%. The US economy added 243,000 jobs last month. Total U-3 Unemployment moved down to 12.8 million persons.

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News and Comment - No Job News


New UI Claims Graph, New and Continuing with Moving Averages to January 2012UPDATED February 3, 2012

New Claims for  Unemployment Benefits dropped to their lowest level since 2008. The previous weeks new and continuing claims have been revised upwards. Continuing claims also dropped.

The number of new applications for Unemployment Insurance dropped by 12,000 to 367,000 new applications from the previous week's revised figure 0f 379,000, in the week ending 28 January 2012, the US Department of Labor  reported Thursday.

Click here for a full range graph of unemployment claims.

Ui Claims Update

News and Comment - No Job News

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Congress, what part of this don't you understand?

NoJob Story #1909: "I am 61 years old and have been out of work for 2 years. I have a BSCE in Civil Eng'g., a PE license and an MBA. I have worked and paid taxes since I was a teen. Nobody looks at my resume after seeing my age.  ..."

Contact your local Congressperson -- passionately tell them YOUR story.

Minimum Wage

Workers in BMW's auto plants in Germany make twice as much as US workers in BMW plants who make $15 an hour. Oh and by the way German workers get 35 days of vacation AND decent healthcare.

The tea party want to abolish the minimum wage. Did YOU VOTE?

Survivor Graph of the Day

  • U3-U6 Unemployment Situation
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Tax Cuts Will NOT Help The Unemployed

With corporations already awash in cash, tax cuts won’t get them to start hiring people. The Washington Post quotes Zachary Karabell, president of River Twice Research: "There's not a whole lot that you could do to entice companies to hire. You could cut taxes on them, but they're not going to hire just because they have the extra cash, because they already have the extra cash."

U.S. Jobless Rate

BLS Jobless Numbers

  • 12.8 million - unemployed,
  • 15.1%(U6) - out of work,
  • 5.5 million (43%) 6 months or longer,
  • 7.7 million "involuntary" partime workers,
  • Over 4 million for a year, (WSJ)
  • 2.0  million over 99 weeks, the 99ers!
  • 4.7 jobless for every job. EPI
  • 91,000 unemployed become 99ers every week.
~ U.S. January 2012 -Bureau Labor Statistics
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Over 55? You will be out of work longer.

The average length of time out of work for workers over 55 is 40.7 weeks. 36.9 weeks for the 25-54 crowd. Read more.

Suggested Reading

Send an ECard

Tell your friends you have been laid-off, cheer up a unemployed colleague, send a card.

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You're really good at cheering me up.

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Working Longer for Less

If you are fortunate to have a job, does it feel like you are working longer for less? You are right according to the latest BLS report.