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This little 2 minute video does a good job in explaining how the Bureau of Labor Statistics measures who is Unemployed, who is not in labor market, who is marginally in the labor market and who is working part time for economic reasons.
Only people who are "Unemployed" are counted in the (10%) unemployment rate. The other 3 categories may or may not be included in the U-6 Broader measurement of unemployment (~17%). The video pokes fun that the government would rather have the public and media focus on the smaller number in order to keep optimism high.
5 Kasım 2012 Pazartesi
What's the Maximum Weekly Unemployment Benefit?
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If you're recently unemployed, you may be wondering what the maximum weekly amount of money that you may be getting from the government. Fortunately, MSN Money published a comparison of how much your UI benefits could be... Note: The amount you get depends on the state in which you worked, not the state that you may move to during your jobless time.
Maximum Weekly Unemployment Benefit By State
Maximum Weekly Unemployment Benefit By State
- Alabama - $255
- Alaska - $370
- Arizona - $240
- Arkansas - $409
- California - $450
- Colorado - $475
- Connecticut - $519
- Delaware - $330
- District of Columbia (Washington DC) - $359
- Florida - $275
- Georgia - $330
- Hawaii - $545
- Idaho - $362
- Illinois - $385
- Indiana - $390
- Iowa - $443
- Kansas - $423
- Kentucky - $415
- Louisiana - $284
- Maine - $496
- Maryland - $380
- Massachusetts - $628
- Michigan - $365
- Minnesota - $566
- Mississippi - $230
- Missouri - $320
- Montana - $407
- Nebraska - $308
- Nevada - $362
- New Hampshire - $427
- New Jersey $584
- New Mexico - $455
- New York - $405
- North Carolina - $494
- North Dakota - $385
- Ohio - $372
- Oklahoma - $392
- Oregon - $482
- Pennsylvania - $539
- Rhode Island - $528
- South Carolina - $326
- South Dakota - $285
- Tennessee - $275
- Texas - $378
- Utah - $444
- Vermont - $409
- Virgina - $378
- Washington - $541
- West Virginia - $424
- Wisconsin - $363
- Wyoming - $387
California's UI Fund To Run Huge Deficits
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Click on Chart for a Larger Image
How bad are things in the state of California?
Well according to an Unemployment Insurance (UI) Fund forecast issued by California's Employment Development Department (EDD), the fund which is currently about $8 billion underfunded will be over $27 billion in the red by 2011!
That's almost $1,000 for every man, woman and child in the state of California---Or almost $2,000 for every worker in the state---It will likely be many many years before CA is able to dig out of this hole.
Click on Chart for a Larger ImageHow bad are things in the state of California?
Well according to an Unemployment Insurance (UI) Fund forecast issued by California's Employment Development Department (EDD), the fund which is currently about $8 billion underfunded will be over $27 billion in the red by 2011!
That's almost $1,000 for every man, woman and child in the state of California---Or almost $2,000 for every worker in the state---It will likely be many many years before CA is able to dig out of this hole.
Bank of Tokyo Mitsubishi's US Economist on the Unemployment Picture
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On February 5th, Bloomberg interviewed Ellen Zentner, Senior US economist at Bank of Tokyo-Mitsubishi UFJ Ltd. to discuss the January unemployment rate and the outlook for the US Labor Market.
Ellen's views include:
On February 5th, Bloomberg interviewed Ellen Zentner, Senior US economist at Bank of Tokyo-Mitsubishi UFJ Ltd. to discuss the January unemployment rate and the outlook for the US Labor Market.
Ellen's views include:
- "the labor market is definitely improving, we got a bigger downward revision to payroll data, leading up to today... No we lost 8.4 million jobs vs over 7 million... And this contraction in jobs correlates more to the decline in consumer spending."
- In january's report the comments are suspicious because jobs aren't being created, yet the unemployment rate drops. Looking at labor force participation, you see that household employment has increased. But you also need to know how many people dropped out of the labor market all together.
- We have record numbers of discouraged workers and many of them are permanently lost---but thousands will come back into the labor market.
- The data is showing some job gains in some areas---but it isn't happening in all sectors of the economy. January saw the first increase in manufacturing jobs in over 3 years.
- Forward looking indicators show that part-time and contract jobs should improve in the next few months---This isn't as good as landing higher paying full time jobs.
- The labor market will wadddle along for a little bit, because you have create jobs for the previously displaced and the teenagers that are becoming working aged adults---this isn't going to happen for some time.
What's the employment situation?
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According to the Bureau of Labor Statistics:
THE EMPLOYMENT SITUATION – SEPTEMBER 2010
Nonfarm payroll employment edged down (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent, the U.S. Bureau of Labor Statistics reported today. Government employment declined (-159,000), reflecting both a drop in the number of temporary jobs for Census 2010 and job losses in local government.
Household Survey Data
The number of unemployed persons, at 14.8 million, was essentially unchanged in September, and the unemployment rate held at 9.6 percent. (See table A-1.)
Among the major worker groups, the unemployment rate for adult men (9.8 percent), adult women (8.0 percent), teenagers (26.0 percent), whites (8.7 percent), blacks (16.1 percent), and Hispanics (12.4 percent) showed little or no change in September. The jobless rate for Asians was 6.4 percent, not seasonally
adjusted. (See tables A-1, A-2, and A-3.)
The number of long-term unemployed (those jobless for 27 weeks and over), at 6.1 million, was little changed over the month but was down by 640,000 since a series high of 6.8 million in May. In September, 1.7 percent of unemployed persons had been jobless for 27 weeks or more. (See table A-12.) In September, both the civilian labor force participation rate, at 64.7 percent, and the employmentpopulation
ratio, at 58.5 percent, were unchanged. (See table A-1.) The number of persons employed part time for economic reasons (sometimes referred to as involuntary
part-time workers) rose by 612,000 over the month to 9.5 million.
Over the past 2 months, the number of such workers has increased by 943,000. These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.) About 2.5 million persons were marginally attached to the labor force in September, up from 2.2 million a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months.
They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 1.2 million discouraged workers in September, an increase of 503,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged workers are persons not currently looking for work because they believe no jobs are available for them. The remaining 1.3
million persons marginally attached to the labor force had not searched for work in the 4 weeks preceding the survey for reasons such as school attendance or family responsibilities.
4 Kasım 2012 Pazar
CBS News: Obama Did Not Convene Counterterrorism Task Force During Benghazi Terror Attack
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Mission Accomplished
This is the group that knows what resources are at the President's disposal, and understands how they can coordinate together to field a response to a terror attack.
And, Obama did not call on them for help. AT ALL.
In other words, Obama did not call on the very group of people who would know the local CIA resources, NSC resources, Navy Seal resources, Naval Resources, Army ground forces, or any other Special Forces who might have been in the area.
And that would be because, OBAMA NEVER WANTED TO RESPOND IN THE FIRST PLACE.
He fully intended to allow these people to die like pigs.
Why that is, we do not know. But, it is now without a doubt that he did not intend for them to live. If he did, he would have at least attempted to understand how to help them, but he did not.
From CBS News:
Mission Accomplished
This is the group that knows what resources are at the President's disposal, and understands how they can coordinate together to field a response to a terror attack.
And, Obama did not call on them for help. AT ALL.
In other words, Obama did not call on the very group of people who would know the local CIA resources, NSC resources, Navy Seal resources, Naval Resources, Army ground forces, or any other Special Forces who might have been in the area.
And that would be because, OBAMA NEVER WANTED TO RESPOND IN THE FIRST PLACE.
He fully intended to allow these people to die like pigs.
Why that is, we do not know. But, it is now without a doubt that he did not intend for them to live. If he did, he would have at least attempted to understand how to help them, but he did not.
From CBS News:
CBS News has learned that during the Sept. 11 attack on the U.S. Mission in Benghazi, the Obama Administration did not convene its top interagency counterterrorism resource: the Counterterrorism Security Group, (CSG).
"The CSG is the one group that's supposed to know what resources every agency has. They know of multiple options and have the ability to coordinate counterterrorism assets across all the agencies," a high-ranking government official told CBS News. "They were not allowed to do their job. They were not called upon."
Information shared with CBS News from top counterterrorism sources in the government and military reveal keen frustration over the U.S. response on Sept. 11, the night Ambassador Chris Stevens and three other Americans were killed in a coordinated attack on the U.S. Consulate in Libya.
The circumstances of the attack, including the intelligence and security situation there, will be the subject of a Senate Intelligence Committee closed hearing on Nov. 15, with additional hearings to follow.
Counterterrorism sources and internal emails reviewed by CBS News express frustration that key responders were ready to deploy, but were not called upon to help in the attack.
Why Was There No October Surprise? Because Every Freakin’ Day for the Last Four Years Has Been an October Surprise
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From Zombie:
Where was the October Surprise? Almost everyone anticipated this year’s “October Surprise” — some last-minute, unexpected, shocking scandal to rock the presidential election and derail one of the candidates. But it never appeared. In an era of everything-but-the-kitchen-sink gutterball politics, this mysterious absence of any major scandal was itself noteworthy. How could nothing have happened? Sure, there was Hurricane Sandy. But that doesn’t count. Sandy was a natural disaster that dominated the headlines for a few days, but it wasn’t a scandal. And yes, there was Benghazi. But that happened in early September, and it wasn’t so much a political scandal uncovered by partisan operatives as it was the umpteenth example of Obama’s incompetence. Whatever Benghazi blowback he’s gotten damaging his election chances are entirely his own responsibility for bungling an international crisis. So, no, neither one of those counted as an October Surprise. Which left many people scratching their heads. Why wasn’tthere one? For either candidate? In Mitt Romney’s case, the answer is pretty obvious: He’s squeaky clean. His entire adult life has been like a boring treatise on Mormon moral rectitude. His political career has long been an open book — moderate, bipartisan, essentially uneventful. The Democrats have tried to squeeze some droplets of outrage over Romney’s tenure at Bain Capital, but those attacks came earlier in the summer and turned out to be extremely slim pickin’s. There are no skeletons in Romney’s closet, otherwise we would have heard about them. But in Barack Obama’s case, the situation is reversed: Everything he’s ever done is scandalous. The reason there was no October Surprise for Obama is that we’re all scandaled out. Anyone’s who been paying attention since 2008 has literally been in paralytic shock every single day. We spent October 2012 exactly as we’ve spent every month of the last four years: Our jaws on the floor, aghast, stupefied, unable to breathe. Almost every single thing Obama has done since he’s been in the national spotlight could have been and should have been a career-ending October Surprise. But the mainstream media, as we all know, has devoted itself to protecting him. Not a day has gone by since Obama took office when I didn’t learn of some fresh outrage and say Oh. My. God. But we’ve been traumatized so often that over time the scandals have all blurred together and fused into a single red-hot thought: Please let this nightmare end. A complete recounting of Obama’s shoulda-been October Surprises would fill a book, an encyclopedia, an entire library. But I think this is a good time to initiate a crowd-sourced list of everything Obama has done since 2008 (and every fact about his earlier life that emerged since 2008) which you thought was scandalous, shocking or outrageous. Just for the record, let’s remind the world that every freakin’ day for the last four years has been an October Surprise. I’ll get the ball rolling with a few scandalous deeds and facts which occur to me at the moment, but this list will primarily come from you, the readers. In the comments section below, mention anything and everything that you believe should have ruined Obama politically (if the media had been doing its job). From the big to the small, from the recent to the distant, dig deep in your memory and just let it all out, like political primal scream therapy. I’ll continuously update the list as best as I can to include whatever gets mentioned by the commenters. Ready? Let the collective scream begin!
• $6 trillion in new national debt under Obama…after he promised to decrease the deficit. • Obamacare — A massive and incredibly convoluted bill which exponentially increases the federal government’s control over our personal lives…which neither Obama nor a single Democrat even read before passing, and which will likely bankrupt the nation. • In both the 2008 and 2012 presidential elections, the Obama campaign purposely disabled the credit card verification system for its Web site donations, allowing anyone from any foreign country to donate with no limit and no proof of identity; in both elections it was demonstrated that people overseas and people with obviously false identities were able to donate to Obama campaign, in direct violation of several laws. To this day it is not known what percentage of Obama’s campaign funds are illegally obtained, since there is no documentation. • Billions of taxpayer dollars gambled on “green” companies like Solyndra, NextEra, Ener1, Solar Trust and many others — all of which went bankrupt. • An intentional refusal to enforce federal immigration laws. • Unemployment at or above 8% for almost his entire term in office (which was actually closer to 15% actual unemployment). • Operation Fast & Furious — a government-sponsored illegal gun-running scheme designed to purposely go awry so as to induce public outcry for gun control. • Spent 20 years listening to a racist anti-American pastor (Rev. Jeremiah Wright), whom Obama desribed as a mentor. On March 18, 2008, Obama gave a speech in which he said “I could no more disown Jeremiah Wright than I could disown my own grandmother” and “[Wright's church, Trinity United] embodies the black community in its entirety.” Now Obama tries to pretend that Jeremiah Wright doesn’t exist, and that his extremist anti-white philosophy didn’t influence Obama’s worldview. • Increased the percentage of Americans dependent on food stamps to unprecedented levels (now over 15% of the nation’s population). • Before he entered politics, Obama worked as a lawyer suing banks in landmark cases, forcing them to give home loans to unqualified minority borrowers — a practice now understood as one of the primary initial causes of the eventual housing bubble and market collapse. GO READ THE WHOLE THING.
From Zombie:
Where was the October Surprise? Almost everyone anticipated this year’s “October Surprise” — some last-minute, unexpected, shocking scandal to rock the presidential election and derail one of the candidates. But it never appeared. In an era of everything-but-the-kitchen-sink gutterball politics, this mysterious absence of any major scandal was itself noteworthy. How could nothing have happened? Sure, there was Hurricane Sandy. But that doesn’t count. Sandy was a natural disaster that dominated the headlines for a few days, but it wasn’t a scandal. And yes, there was Benghazi. But that happened in early September, and it wasn’t so much a political scandal uncovered by partisan operatives as it was the umpteenth example of Obama’s incompetence. Whatever Benghazi blowback he’s gotten damaging his election chances are entirely his own responsibility for bungling an international crisis. So, no, neither one of those counted as an October Surprise. Which left many people scratching their heads. Why wasn’tthere one? For either candidate? In Mitt Romney’s case, the answer is pretty obvious: He’s squeaky clean. His entire adult life has been like a boring treatise on Mormon moral rectitude. His political career has long been an open book — moderate, bipartisan, essentially uneventful. The Democrats have tried to squeeze some droplets of outrage over Romney’s tenure at Bain Capital, but those attacks came earlier in the summer and turned out to be extremely slim pickin’s. There are no skeletons in Romney’s closet, otherwise we would have heard about them. But in Barack Obama’s case, the situation is reversed: Everything he’s ever done is scandalous. The reason there was no October Surprise for Obama is that we’re all scandaled out. Anyone’s who been paying attention since 2008 has literally been in paralytic shock every single day. We spent October 2012 exactly as we’ve spent every month of the last four years: Our jaws on the floor, aghast, stupefied, unable to breathe. Almost every single thing Obama has done since he’s been in the national spotlight could have been and should have been a career-ending October Surprise. But the mainstream media, as we all know, has devoted itself to protecting him. Not a day has gone by since Obama took office when I didn’t learn of some fresh outrage and say Oh. My. God. But we’ve been traumatized so often that over time the scandals have all blurred together and fused into a single red-hot thought: Please let this nightmare end. A complete recounting of Obama’s shoulda-been October Surprises would fill a book, an encyclopedia, an entire library. But I think this is a good time to initiate a crowd-sourced list of everything Obama has done since 2008 (and every fact about his earlier life that emerged since 2008) which you thought was scandalous, shocking or outrageous. Just for the record, let’s remind the world that every freakin’ day for the last four years has been an October Surprise. I’ll get the ball rolling with a few scandalous deeds and facts which occur to me at the moment, but this list will primarily come from you, the readers. In the comments section below, mention anything and everything that you believe should have ruined Obama politically (if the media had been doing its job). From the big to the small, from the recent to the distant, dig deep in your memory and just let it all out, like political primal scream therapy. I’ll continuously update the list as best as I can to include whatever gets mentioned by the commenters. Ready? Let the collective scream begin!
The Complete List of Barack Obama’s Scandals, Misdeeds, Crimes and Blunders
• $6 trillion in new national debt under Obama…after he promised to decrease the deficit. • Obamacare — A massive and incredibly convoluted bill which exponentially increases the federal government’s control over our personal lives…which neither Obama nor a single Democrat even read before passing, and which will likely bankrupt the nation. • In both the 2008 and 2012 presidential elections, the Obama campaign purposely disabled the credit card verification system for its Web site donations, allowing anyone from any foreign country to donate with no limit and no proof of identity; in both elections it was demonstrated that people overseas and people with obviously false identities were able to donate to Obama campaign, in direct violation of several laws. To this day it is not known what percentage of Obama’s campaign funds are illegally obtained, since there is no documentation. • Billions of taxpayer dollars gambled on “green” companies like Solyndra, NextEra, Ener1, Solar Trust and many others — all of which went bankrupt. • An intentional refusal to enforce federal immigration laws. • Unemployment at or above 8% for almost his entire term in office (which was actually closer to 15% actual unemployment). • Operation Fast & Furious — a government-sponsored illegal gun-running scheme designed to purposely go awry so as to induce public outcry for gun control. • Spent 20 years listening to a racist anti-American pastor (Rev. Jeremiah Wright), whom Obama desribed as a mentor. On March 18, 2008, Obama gave a speech in which he said “I could no more disown Jeremiah Wright than I could disown my own grandmother” and “[Wright's church, Trinity United] embodies the black community in its entirety.” Now Obama tries to pretend that Jeremiah Wright doesn’t exist, and that his extremist anti-white philosophy didn’t influence Obama’s worldview. • Increased the percentage of Americans dependent on food stamps to unprecedented levels (now over 15% of the nation’s population). • Before he entered politics, Obama worked as a lawyer suing banks in landmark cases, forcing them to give home loans to unqualified minority borrowers — a practice now understood as one of the primary initial causes of the eventual housing bubble and market collapse. GO READ THE WHOLE THING.
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