Sunday, October 9, 2011

20 Million - No Job & No Benefits. About 40 Woodstocks.

There were already 11 million "exhaustees" by end of 2009!

MSNBC - December 31, 2009 - "A record 20.7 million-plus Americans collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent. During the week of December 12, 2009 more than 10.1 million people collected jobless benefits* - that figure includes 5.3 million people receiving the 26 weeks of aid customarily provided by the states and 4.8 million people that have shifted to the extended benefit programs."

Also, according to USA Today, only less than half of those who were out of work and were actively trying to find a new job were even eligible to any receive unemployment benefits.

* That was almost 2 years ago! And it's now been a full 3 years since the mass layoffs began - - - and we've had layoffs and more "exhaustees" every week since then! Currently there are 7.1 million receiving State and Federal UI benefits. How many "exhaustees" are there really out there and where did they all go? China?

- - - - Look at the timeline - - - -

New York Times - August 1, 2009 - "...already used up their benefits, and the numbers are expected to soar in the months to come, reaching half a million by the end of September and 1.5 million by the end of the year...the national unemployment rate was 9.5 percent...people can draw benefits for up to 79 weeks in 24 states and from 46 weeks to 72 weeks in others."

New York Times - October 11, 2009 - "400,000 Americans have already exhausted their benefits during this recession and that an additional 900,000
would by the end of the year."

New York Times - November 6, 2009 - "The unemployment rate reached 10.2 percent...600,000 people whose benefits have run dry within the past two
months. The extension will extend the maximum amount of time laid-off workers can receive benefits to 99 weeks".

New York Times - June 10, 2010 - Unemployment rate 9.7%...4.5 million collecting state benefits and 5.4 million Americans were also receiving federal extended benefits.

New York Times - August 5, 2010 - 4.67 million people were receiving federal extended unemployment benefits and 4.06 million people counted as receiving traditional continued unemployment benefits for a total of 8.73 million people.

Fox News - December 01, 2010 - " one of nearly 2 million Americans whose extended unemployment benefits will run out this month."

L.A. Times - December 15, 2010 - "The Senate has passed legislation that would temporarily extend the George W. Bush-era tax cuts and renew unemployment benefits for 7 million Americans."

Wall Street Journal - April 30, 2011 - (5 months ago) - "5.5 million Americans unemployed and not receiving benefits...As of mid-March, about 8.5 million people were receiving some kind of unemployment payments, down from 11.5 million a year earlier, according to the Labor Department."

Congressman Crowley - May 11, 2011 - "...HR 1745. This legislation would end the guarantee of federal unemployment insurance, resulting in over 4 million Americans losing their extended benefits this summer."

The Fiscal Times - August 5, 2011 - "Unemployment rate is 9.1%...Some 6.2 million of the 13.9 million Americans who were unemployed in July have been jobless for more than 27 weeks...the number of those out of work for more than a year has doubled from 2.3 million in 2009 to more than 4.5 million today...approximately 4 million Americans have run out of benefits, according to the National Employment Law Project. Joshua Lamont, a Labor Department spokesman, estimated that the number of “exhaustees” is expected to grow by 1.4 million between July and December [2011]."* )

Department of Labor - TODAY in October 2011 - "7.1 million PERSONS CLAIMING UI BENEFITS IN ALL PROGRAMS." (Year-to-date they reported 9.2 million people were.)

* Even the Labor Department is estimating almost 5.4 "exhaustees", and they ALWAYS give the lowest number, and only recently claimed to have kept count. And another 3.5 million are on track to expire this January for "their" total of 8.9 million. Now add that to the previous 10 million who have already expired through 2009 and by January 2012 we will have almost 20 million Americans with no job and no income at all...far above the government "reported" 9.1% unemployment rate (far more than 13.9 million). Add to that, those who can still claim STATE unemployment benefits (jobless less than 6 months) and we have HOW MANY people who are out work? Almost the entire population of Texas!

Or almost 40 Woodstocks!

Woodstock 1969 (Click photo to enlarge)

I need to update this...

No comments:

Post a Comment