Unemployment and Career News August 18th, 2010
It’s been another slow week for the economy, with retail numbers remaining low and the recovery looking sluggish. Stocks are slowly on the rise which is an improvement upon last week. Unemployment remains high with increasing numbers of people weary of the success of the recovery. The economy is at a potentially dangerous place. Most hope that the slow recovery continues, hiring goes up and unemployment comes down. Unfortunately there are many warning signs that this just won’t happen. With retail sales down and the Fed doing everything in it’s power to fight deflation it’s possible we’re teetering on the brink of another collapse. As home prices continue to fall and foreclosures continue many people are reaching the end of their unemployment benefits. Many skilled workers have been forced into unskilled positions and that leaves unskilled workers out in the cold. It’s not always easy to find a job. Even positions that were once looked down upon, like fast food cook or cashier are filling quickly. This leaves few options for people who are already struggling to survive.
The Wall Street Journal examines the effects of unemployment.
Should Obama have predicted no higher than an 8 percent unemployment jump?
How long should unemployment benefits last?
What you need to apply for long term unemployment.
A new senate bill is in the works to extend unemployment benefits.
