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

 

Campaign for America's Future, Isaiah J. Poole: There's a new study today that shows once again how insanely wrong conservatives are when they say that extending unemployment benefits in today's economy only discourages people from finding work.

Just ask the people who participated in the study of the long-term jobless by the John J. Heldrich Center for Workforce Development at Rutgers University. Their report, "No End In Sight: The Agony of Prolonged Unemployment," shows the extent to which the implosion of the economy caused by Wall Street greed has taken a severe toll on people who desperately want to work but, for all of their efforts, can't.

The report summary says it best: No End in Sight underscores the fact that positive growth in the nation’s economy has done little to reach millions of skilled workers still adrift in the most severe period of prolonged joblessness in decades. While the worst phase of the Great Recession may be behind us, the vast majority of jobless Americans have not found new jobs. When they did find work, all but a few took pay cuts and lost benefits. Among those still searching for work — many for more than a year — are millions who have never been without a job and who have at least a college education. READ MORE.


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News and Comment - No Job News

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

  • Cumulative Effects of Policy Options on Employmen
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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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