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Roughly one million people were unable to find work after exhausting their unemployment benefits over the past year, new data released Thursday by the Labor Department suggests.
The back-of-the-envelope datapoint is yet another sign that the labor market remains weak, economists said.
About 8.2 million idled workers were receiving unemployment benefits as of the week ended April 9, the Labor Department said in its weekly jobless claims report. That compares to about 10.5 million individuals at the same time last year, a decline of roughly 2.3 million people.
Since the federal government estimates that the economy created 1.3 million jobs during the 12 months ended in March, economists said that slightly less people probably fell through the cracks and couldn’t find employment.
“That leaves, roughly speaking, about one million people who have exhausted their unemployment benefits and have very likely not yet found a job,” said Joshua Shapiro, chief U.S. economist at MFR Inc. in New York.
Originally posted by dreams n chains
Republican governor Rick Scott here in Florida is doing his best to make sure hard working people cannot even get unemployment benefits to start with. His plan is apparently to chase anyone out of Florida who are actually the workers.
Everyone stay clear of Florida...... it's getting even more violent and dangerous here. People are starving and desperate so Rick Scott can say he's lowered unemployment.
Originally posted by dreamseeker
My sister is on unemployment; she is recquired to apply for 3-5 jobs per week but she does more. The main problem is employers are being really picky about who they hire and there are 200 applicants to every one position. This means that this employers can be picky. I have had 3 job interveiws out of countless applications I have done online. Each interview I was fully qualifed for if not over qualified but they each wanted me to work 3 days a week; 12 hour shifts without a break! Many of the jobs that are being offered have bad hours,low pay and no respect for the worker.
I have a part time job, disablity and some college loan money(for another 3 months); so I am not desperate enough to work 12 hours in a mental hospital without a break for $9 per hour. If it was 4 hours 5 days a week I would take it no problem. It is just sad that there are too many workers and not enough jobs. It is sad how these businesses are really taken advantage of their employees and getting away with a lot more because people know that their job is not secure so they will put up with more! Jobs are paying lower than ever, breaking up hours in really biazzare almost abusive ways. It is just getting bad for the poor and middle class we are being hit from every angle!edit on 28-4-2011 by dreamseeker because: (no reason given)