The New Poor - the unemployed

  • metta

    Posts: 39079

    Feb 21, 2010 5:29 PM GMT
    Millions of Unemployed Face Years Without Jobs





    http://www.nytimes.com/2010/02/21/business/economy/21unemployed.html





    [QUOTE]



    She has learned to live without the prescription medications she is supposed to take for high blood pressure and cholesterol. She has become effusively religious — an unexpected turn for this onetime standup comic with X-rated material — finding in Christianity her only form of health insurance.



    [/QUOTE]



    ^

    which may kind of explain why as the economy gets worse, as more people loose their homes, less people support gay marriage.





    [QUOTE]

    6.3 million Americans who have been unemployed for six months or longer, the largest number since the government began keeping track in 1948. That is more than double the toll in the next-worst period, in the early 1980s.



    [/QUOTE]





    [QUOTE]

    6.3 million Americans who have been unemployed for six months or longer, the largest number since the government began keeping track in 1948. That is more than double the toll in the next-worst period, in the early 1980s.

    [/QUOTE]



    [QUOTE]

    Traditionally, three sectors have led the way out of recession: automobiles, home building and banking. But auto companies have been shrinking because strapped households have less buying power. Home building is limited by fears about a glut of foreclosed properties. Banking is expanding, but this seems largely a function of government support that is being withdrawn.



    At the same time, the continued bite of the financial crisis has crimped the flow of money to small businesses and new ventures, which tend to be major sources of new jobs.

    [/QUOTE]
  • Posted by a hidden member.
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    Feb 21, 2010 7:29 PM GMT
    metta .. I appreciate your posts, I wish you could figure out how to use quotes icon_lol.gif
    AUTHOR GOES HERE
    She has learned to live without the prescription medications she is supposed to take for high blood pressure and cholesterol. She has become effusively religious — an unexpected turn for this onetime standup comic with X-rated material — finding in Christianity her only form of health insurance.

    ^
    which may kind of explain why as the economy gets worse, as more people loose their homes, less people support gay marriage.
    AUTHOR GOES HERE6.3 million Americans who have been unemployed for six months or longer, the largest number since the government began keeping track in 1948. That is more than double the toll in the next-worst period, in the early 1980s.

    6.3 million Americans who have been unemployed for six months or longer, the largest number since the government began keeping track in 1948. That is more than double the toll in the next-worst period, in the early 1980s.

    Traditionally, three sectors have led the way out of recession: automobiles, home building and banking. But auto companies have been shrinking because strapped households have less buying power. Home building is limited by fears about a glut of foreclosed properties. Banking is expanding, but this seems largely a function of government support that is being withdrawn.

    At the same time, the continued bite of the financial crisis has crimped the flow of money to small businesses and new ventures, which tend to be major sources of new jobs.
  • Posted by a hidden member.
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    Feb 21, 2010 7:31 PM GMT
    ActiveAndFit saidmetta .. I appreciate your posts, I wish you could figure out how to use quotes icon_lol.gif


    Yes, and .......


    stop


    putting


    ..so much space...


    Between your sentences. icon_wink.gif
  • Posted by a hidden member.
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    Feb 21, 2010 8:09 PM GMT
    @wrestlervic: LOL ;-)

    Yes, I read it.
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    Feb 21, 2010 11:39 PM GMT
    Yeah, it was a good article, and the Great Lakes states near where I live are really in bad shape.

    Here's unemployment rates by metro area:
    http://www.bls.gov/web/laummtrk.htm

    Bloomington, IN and Madison, WI are the only cities that are doing somewhat well...

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    Feb 21, 2010 11:40 PM GMT
    And if we measured "people who are doing jobs that are awful but they have to," that number would probably be very, very high right now.