Tuesday, December 8, 2009

unemployment crisis continues




Jobs Crisis Fact Sheet - Economic Policy Institute

View in printer-friendly PDF format

(Note that all numbers are current as of December 4, 2009. States numbers are current as of November 20, 2009.)

The jobs crisis


Hardships and the safety net

American Recovery and Reinvestment Act


  • Average weekly unemployment benefit in October (including additional $25 per week from the American Recovery and Reinvestment Act): $334
  • Number of additional people each week receiving unemployment compensation because of ARRA in October:  3.9 million
  • Average monthly cost of COBRA with American Recovery and Reinvestment Act subsidy: $370; Without American Recovery and Reinvestment Act subsidy: $1,057
  • Jobs lost since February 2008: 2.7 million ; Jobs likely lost since February 2008 without passage of ARRA: 4.0 to 4.5 million

4 comments:

  1. I think the question that needs to be asked is---how many of these jobs are never ever coming back.

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  2. Also, what type of jobs will there be in the future with an even less educated populace. Are we being forced to become an agrarian state?

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  3. employment will be running into strong headwinds next year; first, there will be a major shuttering of unprofitable retail outlets that have been hanging on by a thread after christmas; we just cant sustain a 71% consumer debt driven economy anymore...and with revenues for the states in the tank, we'll be seeing major layoffs of civil service employees as they try to balance their 2010 budgets without the aid they received from this past years stimulus; estimates are for another 900,000 unemployed there...

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  4. "retail outlets" Ya, you telling me? We will be very, very lucky to make it through this summer. I agree many will close after the xmas season. Some will take what cash they took in and just run, and stiff the vendors, and wholesalers. That will mean that strip malls, and major shopping malls will also shut down. The consumer is strapped to an electric chair.

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