Archive for unemployment benefits

Unemployment claims fell to lowest level since ’08; House starts highest since ’08; Stocks at 5 year highs #BlameObama

blame obama

Via a Fox Biz news alert or three:

New claims for U.S. unemployment benefits fell to 335,000 last week — the lowest level since January 2008 — from an upwardly revised 372,000 the week prior. Claims were expected to fall to 365,000 from an initially reported 371,000.

U.S. housing starts jumped 12.1% in December from November to an annualized 954,000-unit rate, the highest rate since June 2008. Permits rose 0.3% to an annualized rate of 903,000 units.

BREAKING MARKET NEWS: Data Spark Rally on Wall Street; Stocks at Five-Year Highs

If only those inept Democrats weren’t in office, we’d see some upward movement in the economy, dammit!

Oh wait.

“My goal moving forward will be to make [Republicans] feel the pain of unemployment firsthand.”

I’d link you to today’s L.A. Times letter to the editor, but true to form, they have failed to post the letters online… again.

Here it is anyway, transcribed from my hard copy, because our voices matter:

Re “Buying time for the jobless,” Editorial, Nov. 20

After losing my job through no fault of my own, I never blamed my situation on any party other than the company that downsized me. Searching for meaningful work after many years of making a fair living is stunning; it affects your sense of worth. Financially, it’s devastating.   

Meanwhile, Congress (and especially the Republicans) seems intent on taking away even the most basic protections. After losing a tough presidential race, I hope many Republicans now see that obstructionism didn’t work and that they should take a more compassionate approach to helping the middle class.   

That being said, if the Republican-controlled House sticks it to me and millions of others, my goal moving forward will be to make them feel the pain of unemployment firsthand.   

JACK KENNA Whittier

U.S. September trade deficit narrowest since December 2010, unemployment benefits fall

Via an email alerts from Fox Biz:

New claims for unemployment benefits fell to 355,000 last week from 363,000 the week prior. Claims were expected to rise to 370,000. A Labor Department analyst says superstorm Sandy depressed claims in at least one state and resulted in an increase in claims in others.

The U.S. September trade deficit narrowed to $41.55 billion — the narrowest since December 2010 — from a downwardly revised $43.79 billion in August. Analysts were expecting the deficit to increase to $45 billion from a previously reported $44.22 billion.

Best retort to a “tea party” conservative ever. “You actually seem to be jealous of poor people.”

Look what the Smirking Chimp found on Facebook.

The Case for Requiring Members of Congress to Take Drug Tests

Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:

In case you missed it, the Republicans in Congress got the Democrats to agree to drug testing many applicants for unemployment compensation. In return, the Democrats got the Republicans to sign off on an extension of unemployment benefits this year, although with the number of eligible weeks shortened. [...]

In short, the implementation of drug screening (for specified applicants) to receive unemployment funds stigmatizes less fortunate Americans by implying that if you aren’t rich and anointed, you are a drug addict, a derelict or a criminal. [...]

Following the logic that people who stand to receive state or federal money should be drug tested, BuzzFlash at Truthout proposes that every member of Congress should pee into a cup and be certified drug free before being allowed to assume office. They should also be subject to random drug tests while they serve in DC. [...]

Let John Boehner be the first to show Americans that he is drug free, and let the rest of Congress – every member of the House and Senate – be forced by law to grab the plastic cup and head for a washroom stall.

You can read the rest here.

Chart: “Among Long-Term Unemployed, UI-Eligible Individuals Search More Vigorously.”

Think Progress points us to this chart that debunks the right wing talking point that accuses those lazy Marxist Kenyan commie socialist unemployed Occupy protester hippies of sitting around their non-existent pools all day eating food-stamp bought bon-bons, avoiding work opportunities because their bare-bones lifestyle is so desirable.

Especially the part where they go hungry and suffer from health problems because they can’t afford medical insurance or proper care.

In fact, since Congress enacted federal unemployment benefits, time spent looking for a job has tripled among the long‐term unemployed who are out of work as a result of job loss”… [P]eople who received UI benefits spent more time looking for work than those who didn’t qualify for the federal program

The title of the Congress’ Joint Economic Committee (JEC) report is “The Case for Maintaining Unemployment Insurance: Supporting Workers and Strengthening the Economy”; and the title of the chart, in case you hadn’t noticed, is “Among Long-Term Unemployed, UI-Eligible Individuals Search More Vigorously.” That pretty much says it all.

Another Republican-slash-ClusterFox lie smear meme bites the dust.

Oh, and while we’re on the subject, jobless claims dropped to 3.5 year low.

You can read more here.

VIDEO- Gov. Rick Scott’s Florida: Not good for people, GREAT for corporations! “Your logo here!”

In Florida, Gov. Rick Scott is signing a bill into law to cut unemployment insurance. He’s the BEST, isn’t he? But he sure does love his corporations.

His benevolent little action will obviously hurt the people who are hurting the most. Via :