This recession is like no other in recent memory. It just doesn’t seem to be ending although the government keeps telling everyone that it has ended. And it certainly looked that way at the beginning of the year, the unemployment rate was going down and the number of new jobs created was hovering around 200,000 for more than a few months. Then the latest figures that came out showed a different picture, new job growth had slowed and the unemployment rate bounced back up a little bit. Even with all the parsing of this data of the past year with its highs and lows, there is still one constant, the large number of long term unemployed.
Extended unemployment
The government has extended the unemployment benefits many times and it is certainly understandable considering the lack of work that is to be found. Unfortunately there seems to be some opposition in Congress to extending it any more. Why? A lot of folks are under the impression that extended unemployment doesn’t motivate the unemployed to find work. This is ridiculous; the big problem with the job outlook is that there are jobs that are going away forever at a rate which is far greater than the number of jobs that are being created.
Advice for long term unemployed
So when the unemployment benefits run out you have to begin to be creative if you haven’t already started to find ways to save money. One place that you might want to start is looking at what the government in the way of programs for the unemployed. Another possible way to earn some money is to consider part time work also.
I know it hard to be optimistic in this economy but you have to keep going and keep trying to find a job.
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Sunday, June 19, 2011
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1 comments:
Hi David,
First time I've posted a comment but this one was a bit of a slap in the face of those who have been actively looking for work.
200,000 jobs? There were still over 13 million people out of work as of May 2011. 200,000 jobs spread across 50 states isn't anything to get excited about.
My source: Trading Economics.
"The number of unemployed persons (13.9 million) and the unemployment rate (9.1 percent) were essentially unchanged in May. The labor force, at 153.7 million, was little changed over the month."
Ok, it was a bit more than 13 million, but it doesn't change the fact that some people have been out of work 3 years or more. And long ago ran out of extensions.
What savings they may have had are long gone. I see Mercedes, Audi, Escalades being used as a home on wheels paid for when the owners had both a job and a home.
Sell them. Who do you sell to when everyone is in the same boat? Without a job or income, no one will rent to them so it's live in your vehicle or under an overpass.
Please let your readers know: Being creative isn't a luxury they can afford. If they can find work, always look at it as temporary and save as much as they can while they can.
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