It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
This morning's news that U.S. unemployment has hit 13.7 million, pushing the rate to 8.9 percent, tells only half the story of this recession. The total number of Americans who are not working full-time but ought to be is actually about 22 million, or 15.8 percent, according to the Bureau of Labor Statistics. Who are those other 8.3 million Americans? Call them the unofficially unemployed. As The Ticker points out each time the Bureau releases the monthly unemployment figure, it does not include many out-of-work Americans. There are many reasons for this. The bureau, which is under the Labor Department, cannot use unemployment compensation records to count the out-of-work, because they are not reliable or up-to-date enough. The bureau also cannot count every out-of-work person.
Welfare is actually at a 40 year low, although California has some 1.3mil people on welfare, and well over 2.0million on food stamps, which dwarfs any other state.
Originally posted by David9176
reply to post by Republican08
If you included welfare....the numbers would be staggering....my guess anyway.
Medicare is in the red 34 trillion dollars....which is really a welfare program.
Originally posted by Republican08
To try and grasp the concept, if unemployement is drastically high, i'd assume by now, welfare would be high too?
Originally posted by marg6043
reply to post by David9176
Is about to get worst as GM will be falling for bankruptcy by June 1 and they are actually leaving the state and go oversea.
That is the latest on GM and Michigan.