Words about Unemployment Online

Unemployment will also rise sharply throughout 2009. Unemployment often lags behind the economic cycle. Unemployment may help people find their true vocation in life or just to drink a bit more in the depression of the recession and the economic chaos the world has found itself in. Unemployment benefits unexpectedly rose last week and total benefit rolls soared to a record high, a sign companies may keep shedding jobs as the recession worsens. Unemployment rose in January to the highest level in almost a decade, threatening to erode support for Prime Minister Gordon Brown as the recession deepens. In particular rising unemployment, 2009 is likely to see a worsening of mortgage defaults. The concern is that rising unemployment could lead to more repossession and more bank losses. It could even have caused a premature recession; the MPC would have been widely criticized for causing unemployment just to prevent house prices rise. Banks will correctly point out we are facing: rising repossessions, economic recession and rising unemployment falling house prices creating negative equity. The UK economy in 2009 is likely to be characterized by rising unemployment, national debt and falling economic growth. If the economy recovers in the second half of 2009, unemployment could still keep rising until 2010. Outlook for mortgages, the recession will cause rising unemployment. Some forecast unemployment could rise to just under 3 million by the end of 2009. As unemployment rises more will be forced to sell their house (whatever interest rates). Looks like Al Gore will have to line up along with the masses for unemployment. The number of Americans collecting unemployment benefits jumped. Good news for New York citizens as the NYS Dept of Labor has increased unemployment benefits for 2009 an additional $2 billion. 25,000 New Yorkers file a new unemployment claim each week. On Tuesday, the state increased annual unemployment payments to its citizens from $2 billion to $4 billion. Higher Unemployment with shrinking economy will result in additional layoffs, which will work to smother housing demand. The unemployment rate has already been climbing. As it is projected, the unemployment rate to hit 9 percent by the end of 2009. At the beginning of his first term, what is our unemployment situation? Many people are hoping the economic stimulus bill will help reverse the unemployment situation. He believes without the bill, 8 million jobs would be lost over the next two years with an unemployment rate peaking at 11% compared to 5 million jobs with an unemployment rate peaking at 9% with the bill. Although the bill will certainly help the unemployed by extending unemployment benefits and raising the amount of the weekly benefits, some people think it will not improve the job situation. Furthermore, despite the spending with the new deal, unemployment remained above 20% until WWII. I don't know what exactly I think about the high rate of unemployment. Some people think extending the unemployment just gives people more time to procrastinate on finding a job. However, I do think the unemployment rate now is too high and unacceptable. Employers slashed 598,000 jobs in January, the deepest cut in payrolls in 34 years as the national unemployment rate shot up. January's job losses were worse than the 525,000 that had been forecast by Wall Street economists, who also had expected the unemployment rate to come in lower. People who have been welfare recipients for a long time or who have limited education or language skills account for much of structural unemployment. As economic growth slows and corporations’ profits decline, cyclical unemployment rises because corporations lay off workers in order to reduce costs. The opposite is structural unemployment, which remains constant irrespective of what the economy is doing. When extended unemployment insurance benefits should be allowed. The Legislature should not enact a net increase in unemployment insurance (UI) benefits or expand eligibility for them. The Legislature should grant extended unemployment benefits only if the following criteria are met. The Legislature should not grant striking workers unemployment insurance benefits. The institute warned that unemployment would continue to rise in 2010, taking the total number of jobs projected to be lost over the course of the recession to about 1 million. The BCC, which predicts unemployment will reach 3 million by 2010, claims things could get even worse if there is any increase in the minimum wage. A rise in the minimum wage would not help firms hold on to staff and would simply add to unemployment. A reduction of working hours could help reduce unemployment. Recession is a blow that hits all the harder when the experts fail to see it coming week in pictures 14 Oct 2008. First-time unemployment applications are increased by 36,000 to 667,000, the highest since 1982. First-time applications for unemployment benefits were unchanged at 627,000 last week, higher than economists projected. Millions of failed calls to the state’s unemployment insurance call centers are costing California taxpayers millions of real dollars. The Employment Development Department pays 5 cents to Verizon each time a caller dials its toll-free numbers to file or get help with an unemployment insurance claim and EDD staff can’t handle the call. There are no definite and conclusive figures on unemployment. Yet relief and work relief figures are almost as high as they were at the start, and unemployment continues near the peak. Department of Labor’s Bureau of Labor Statistics shows all 50 states and the District of Columbia recorded unemployment rate increases in December compared with the previous month and the prior year. December marked the first time every state recorded a rise in monthly unemployment since the bureau began keeping such records in 1976. The UN agency says that would push up the world’s unemployment rate up. Several guides are explaining how to file for unemployment benefits only because that is the first thing you do when you are out of job. There is a quick overview about filing unemployment. Many unemployed workers fail to file for unemployment insurance due to paperwork fear. While it is true that it is a complex process, many state unemployment offices have now simplified the process. There is the 3 step process: check unemployment benefits eligibility to make sure you qualify for the benefits; understand unemployment insurance program and estimate your unemployment benefits; using the detailed guide, file for unemployment. Next year's public spending round is bound to be worse and doubt the Government will be able to keep funding at this level just to mop up unemployment. The experience of export oriented countries has been that there is little or no disguised unemployment once labor market regulations are dismantled and incentives are created for individual firms to sell in the export market. Without visiting many sites and government agencies to access information, now visitors will be able to learn all about unemployment. When it comes to unemployment, 2009 could not have got off to a worse start in many countries. But in Brazil, unemployment figures have never looked better. Recently released government statistics show that in the 5 year period from 2003 to 2008, unemployment fell. The growth in employment continued during 2008 when Brazil experienced its lowest unemployment rate since official statistics began. Bulgaria has moved from a command to a market-oriented economy; the economic situation is still difficult, although, over recent years, the country has achieved a high degree of macro-economic stability, with substantial economic growth rates, relatively low inflation and falling unemployment. During the Depression, there was no money and no way to control unemployment. Is it?