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By T.J. English
$18.45
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By Steven J. Ross
$29.95
$23
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AP/Francisco Seco
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As lawmakers on both sides of the aisle spend copious amounts of time on their seemingly futile quest to reach an agreement about how to deal with the nation’s burgeoning debt, there’s an even bigger economic problem in the U.S.: unemployment.
Posted on Apr 22, 2013
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ep_jhu (CC-BY)
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Thousands of jobless workers in Washington state will lose their unemployment checks starting later this month when the federal government begins withdrawing emergency benefits because overall state unemployment has dropped below 8.5 percent.
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So here we are, well into the thick of the holiday season, and no agreement has been reached on Capitol Hill about extending unemployment benefits and keeping payroll taxes from sudden escalation as the new year begins. Thus, President Obama dialed up a couple of key members of Congress, as spokesman Jay Carney described Wednesday.
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Rep. Perry's office
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Pennsylvania’s GOP-controlled House of Representatives will consider a bill that would change the way unemployment benefits are calculated, taking almost $500 million out of jobless residents’ pockets each year.
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Flickr / clementine gallot
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Bad news on the U.S. job front: While the country’s unemployment rate took its biggest drop since April 1998, the decrease was due not so much to a recovering economy, but to the fact that 260,000 people have given up looking for work.
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connectedmichigan.com
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The Bureau of Labor Statistics has put March’s unemployment rate at 8.5 percent, the highest in a quarter-century. After 15 consecutive months of job loss, more than one in 12 people (who are looking for work) are unemployed.
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kukuchew.com
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Not since Ronald Reagan’s reckless free marketeering have we seen unemployment this high: The U.S. jobless rate hit 8.1 percent in February, with 651,000 jobs cut during the month.
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U.S. Department of Labor
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The news continues to get worse after the government finally put the “official” stamp on the current recession. The Labor Department has announced that 533,000 jobs were lost in November, the biggest monthly cut in 34 years—with analysts fearing that the 11-month trend of increasing job losses will deepen even further.
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finance.google.com
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In a little over two weeks, the Dow has tumbled more than 2,000 points as bad economic news continues to pile up. Word on Thursday that jobless claims hit a 16-year high, combined with a dreary outlook for Detroit and a lack of confidence in major financial institutions, helped drive the DJIA down to 7,552.29.
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Arctic Tundra ‘Will Turn to Forest’
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