by Julie English

The problem of veteran unemployment and homelessness has received a fair amount of public attention over the last few years. This came in the wake of bleak statistics which showed that as a nation we are letting down our heroes by not supporting them in the transition to civilian life. Even more recently, attention has turned to the plight of female veterans, who fare even worse than their male counterparts. In January of this year, the unemployment rate for female veterans was at 17.1%, according to the US Bureau of Labor Statistics – four percentage points above the rate for male veterans. However, a sharp turnaround seems to have occurred, with the same rate reported just last month at 4.9%. Is this a success story, the result of various awareness campaigns and efforts by non-profits to help support female veterans in the transition to civilian life, or symptomatic of the volatile nature of veteran employment? Other statistics, such as the recent increase in discharged veterans claiming benefits tells a different story. What can veterans, male and female alike, do about the job insecurity that they face?

Category: Questions and Commentary

Very “Serious” people and policy makers love wail over Social Security. To save Social Security we must cut Social Security. Make sense to you?

Social Security is not going broke any time soon. In fact, even over the long term, a simple fix could fill almost any projected shortfall according to David Cay Johnston.

Category: Questions and Commentary

New UI Claims Graph, New and Continuing with Moving Averages to November 2013

Initial UI and continuing claims at  the lowest in  5 years. Extended benefits are no longer available for all states and many states have restricted EUC benefits.

The number of new applications for Unemployment Insurance decreased 23,000 to 298,000 from the previous week's revised revised figure of 321,000, in the week ending 30 November 2013, the US Department of Labor  reported Thursday. Initial claims have been consistently revised upwards since the beginning of February.

Category: No Job News

U3 and U6 unemployment rates to November 2013UPDATED  December 6, 2013 Despite a mediochre increase in jobs, the official unemployment rates declined. If the pace of job growth is maintained, unemployment rates won't return to pre-recession levels until after 2019!

The number of unemployed remained  static in June the government reported today. The  U-3  unemployment dropped to  7.0% in November. The  U-6 unemployment rate declined to 13.2%. The US economy added 203,000 jobs last month. Total U-3 Unemployment was 10.9 million persons. 

The change in total nonfarm payroll employment for September was revised from +163,000 to +175,000, and the change for October was revised from +204,000 to +200,000. With these revisions, employment gains in September and October combined were 8,000 higher than previously reported.

Category: No Job News

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  1. Sequester for You and Me but Not For those That in Power
  2. Does Your State Qualify for US Federal Extended Benefits?

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BLS Latest Job Numbers

 
  • 12.3 million - unemployed,
  • 14.4%(U6) - out of work,
  • 4.7 million (40%) 6 months or longer,
  • 8.0 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

~ U.S. January 2013 -Bureau Labor Statistics

Wednesday, April 23, 2014

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."
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