500,000 people dropped from long term benefits

[singular_me]

I do not condone welfare at all but when you see how much $$ got the fat cat banksters, and the money spent on wars... that is just more than discusting. Most of the unemployed are truly honest and look for a job... riots are coming...

==================

Tier 5 unemployment update for April 22 and 500,000 people dropped from long term benefits -- April 22, 9:47 AM

http://www.examiner.com/x-27052-Rochester-Unemployment-Examiner~y2010m4d22-Tier-5-unemployment-update-for-April-22-and-500000-people-dropped-from-long-term-benefits

[cigarlover]

Well if they drop 500,000 a month from unemployment in a year we will have 0 unemployment!!!! Officially anyway.
It still amazes me that we have about 320 million people in the US but only 150 million work. 10% of them are on unemployment so that leaves about 135 million working and supporting the rest of the 185 million that are in school, welfare, food stamps ect..

Break it down further and we have 135 million working people. Of them how many are on the gov payroll? Local, state or federal? This article from 1999 says as of 1996 total employed by the Gov is around 17 million. We have grown substantially since then so I would guess it to be around 25- 30 million??? If so thats around 1/3 of the people supporting 2/3rd of the people. Doesnt take a genious to figure out this cant go on long. Also one of the reasons our federal debt has exploded the last 10 years.

http://www.govexec.com/features/0199/0199s1.htm

[oldmansmith]

This is great news for retail sales!

[nunaem]

This is ethanol positive.

[singular_me]

lets add to the injury...
============

OECD sees explosion in youth unemployment ahead; a lost generation

“spells of unemployment while young often create permanent scars through its harmful effects on a number of outcomes — happiness, job satisfaction, wages and health — many years later. Moreover, spells of unemployment tend to be particularly harmful to the individual — and to society — when the most disadvantaged youth become unemployed. This involves significant social as well as economic costs.” — OECD report

Around the developed world, young workers are nearly three times as likely to be unemployed as their older counterparts.

The chart below shows the ratio between the unemployment rates for young workers and those for the rest of the labor force.

more
http://www.thecomingdepression.net/main-street/scams/oecd-sees-explosion-in-youth-unemployment-ahead/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Thecomingdepressiondotnet+%28 TheComingDepression.net%29

[dysgenic]

"They got money for war but can't feed the poor."
-guns n roses, civil war

[Cebu_4_2]

I do not condone welfare at all but when you see how much $$ got the fat cat banksters, and the money spent on wars... that is just more than discusting. Most of the unemployed are truly honest and look for a job...


Exactly my thoughts, now where are all these people to get any sort of jobs? Sounds a lot like more foreclosures and families on the streets. On a positive note Chinas exports are up in the USA. :box

[Ponce]

And you wonder what the future will be like?......think "FEMA", think of the interment camps and of the burrial boxes that are waiting all over the contry.

I am one of the lucky ones that knows how he is going to die and ready to do so.