Jobless Claims and the Employment Picture

Back to blog

Numbers not the full picture

Unemployment numbers only include unemployment benefits claims, which account for only a portion of the truly unemployed. To make matters worse, unemployment benefits were cut from 18 months to 6 months during the Bush administration, causing the total number to not include people unemployed for more than 6 months (which many people are). This cut in help to the out-of-work improved overall "unemployment numbers" (to make the administration look better) by effectively reducing the numbers on a technicality. So, there are far more people unemployed that is being reported.

of TX @ Oct 31, 2008 12:06:16 PM

The problem is not just temporary job loss like the recessions of old. The PROBLEM is that jobs lost in manufacturing are coming back (when they come back at all in places like McDonalds, Walmart and too many real estate agents and car salesmen trying to build a dream on commission only.

We need the manufacturing base back, and wind turbines, solar panels, and hydrogen cars are one way to get it back. Another way is being more careful whether trade agreements benefit any PEOPLE on both sides of borders or merely benefit corporations.

We've already goofed that up pretty badly.

of @ Oct 30, 2008 15:09:20 PM

Back to blog

Add Your Thoughts
About You
The Inside Job

The Inside Job

You're taking a break from your job-hunting and job-hopping ways and have decided to stay put in your current position. Liz Wolgemuth’s careers blog will show you how to make the very best of your job, each day.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!