*******www.FinancialHurricane****/?t=layoffs Jobless Claims and layoffs have added to an awareness of online home business startups. Bruce Wood introduces an online opportunity to learn network marketing and get $540 checks fast.
*******www.FinancialHurricane****/?t=Jobless Weekly Jobless Claims and layoffs have added to an awareness of online home business startups. Bruce Wood introduces an online opportunity to learn network marketing and get $540 checks fast.
Jobless Claims released this morning. Watch this short video for an analysis of the data coupled with analysis of the pre market reaction. What more do you need?
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Initial jobless claims swelled to almost a half a million last week, increasing by 24,000. The number shocked many economists who expected jobless claims to drop.
You're watching multisource politics news from Newsy
Some two million Americans are set to lose their jobless benefits after Congress failed to extend $12.5 billion in unemployment aid.
The vote fell largely along party lines -- with Republicans arguing any extension of benefits should not raise the nation’s $1.3 trillion deficit. (Video from C-SPAN)
SEN. SCOTT BROWN (R-Mass.): “The decision is not whether we should extend the benefits, it’s how we should pay for them.”
Still - unless Congress acts quickly on a compromise bill - the holidays look especially grim for the long-term unemployed.
WHTM and ABC and break down numbers they say forecast gloomy days ahead.
WHTM: “The Labor Department estimates 635,000 people could lose all benefits by December 11th, and more than 1.6 million by Christmas.”
ABC: “For every five unemployed people, there's just one job opening.”
Despite deficit concerns - WFTS and KDFW suggest failure to extend jobless benefits could actually hurt the economy.
WFTS: “...the jobless tend to spend every dollar they get, which totals about $65 billion.”
KDFW, BUD WEINSTEIN: “Without question, if you reduce the spending power of 5 million Americans, that's going to affect the entire economy.”
According to a MarketWatch blog - some analysts say unemployment benefits would do more for the economy than the extension of tax cuts.
“Each dollar the federal government spends today on extending unemployment benefits will raise gross domestic product by $1.60 a year from now. ... That ‘bang-for-the-buck’ compares with, for example, just 35 cents per dollar for making the Bush-era tax cuts permanent.”
But Bloomberg’s Brian Faler says - the jury’s still out on that one.
“It is ‘unclear’ whether the aid extensions have contributed to the unemployment rate that stood at 9.6 percent in October... while aid dissuades some unemployed Americans from searching for work, it also boosts demand for goods and services, which tends to boost employment.”
There IS still a possibility benefits could be extended, though. Some Democrats are calling for the provision to be included in a deal to extend Bush-era tax cuts. Congress has extended the total amount of aid three times since December of 2007.
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Transcript by Newsy
When you are jobless and bored, but you own a camera; it is time to do some crazy things.
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The Non Farm Employment Change amounts on Friday were below targets, proving that the U.S. economy could be inching towards an additional recession.
The unemployment numbers speedily made the Forex and Commodity markets erratic. Gold jumped swiftly and finished the day towards the highest regions of its range.
Equities worldwide grew to be immediately cautious, so when Wall Street opened up it delivered fast downward pressure.
The EUR/USD continues to provide a unstable range as investors try to select the amount of risk appetite they are willing to pursue.
Data will likely be fairly light today with only some minor Retail and Housing amounts coming from the U.K.
In a few days the States will release Retail Sales statistics.
Traders ought to keep their eyes on public officers in Europe and the States as they speak. Investors remain stressed about the European debt disaster and the perspective for global economies.
If you want to test a proven flightless bird, just tie it up with a parachute and drop it off a mini airplane! Will the chicken fly?
This dude complains about the job that he didn’t get at Taco Bell. His aim while throwing the drink out of the window is proof of why though, drive-through would be impossible with him.
Priyanka Chopra declared that she is not jobless and besides singing many lucrative projects is lining up for piggy chops. Watch the video to know more about her movies.
U.S. Jobless Claims Surge, Whats Wrong With This Picture?
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