More “Great” Unemployment Claims
-Editorial
Our mass media is in a frenzy this morning with “better than expected unemployment claim numbers”.
The unemployment claims applications dropped by 38,000 to 550,000 in the week ended Aug. 1st, per figures from the Labor Department.
Well that’s just #%8@ing great!
If you dig deeper into the numbers, you will see that 139,291 people were shifted to the “extended benefits” category.
8 states have already run out of unemployment funds and are being forced to borrow from the already broke Federal government.
But hey, who cares!!! As long as we have a bigger credit card to pay off our smaller cards, everything is just fine!
To be fair, the mass media has pointed out that current unemployment levels are the highest on record of any “recession” we have seen to date.
Ummm… that’s because this isn’t a recession.
This cannot continue. It’s that simple. 70% of our economy is consumption. Without jobs we will not have a recovery and we are NOT recovering. In fact, things are getting worse.
Don’t take your current job for granted. Make sure you’re in a field that is relevant and has some growth potential moving forward, or you might just find yourself on “extended benefits”.
Great Investing to All!
Comment by David on 6 August 2009:
I think what Mr. Davenport is saying is… Treat the present as a Present and if it doesn’t make money, it doesn’t make cents.
GOD is love,
Rev. Run for the Hills!
Comment by Paul on 7 August 2009:
So essentially this means we have a net increase of unemployed of about 100,000!
Comment by kids ugg on 3 November 2010:
kids ugg
Comment by belstaff jacket on 9 October 2011:
The father was sitting in the middle of the computer to send his son QQ news: dear son small and. Long time no see, how good? Mom and dad all miss you very much. Sister has also grown a little. You also don’t get to the Internet every day, remember to take more exercise. If available word…… Turn off the computer, come down with us for dinner?
Comment by replica uggs on 17 November 2011:
While people do make tons of money in the financial world without adding any value to the world, they are the exception to the rule
Comment by prada on 17 November 2011:
E ‘mio grande piacere di visitare il vostro sito e per godervi il vostro ottimo post qui. Mi piace molto. Sento che hai pagato molta attenzione per quegli articoli, come tutti loro un senso e sono molto utili. Grazie mille per la condivisione. Posso essere ottimo lettore e ascoltatore, se siete alla ricerca stessa per tutti di essere buono. Apprezzate per il tuo tempo! Buon giorno!