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You are here: Home / Archives for unemployment

unemployment

Rather than Reduce Unemployment Cap & Trade May Cause Unemployment to Skyrocket

July 8, 2009 by Tim McMahon

by Jon Herring

Editor-  In the following article John Herring explains how the current “Cap and Trade” bill might affect the Unemployment rate plus how you might benefit.

In 1964, Lyndon B. Johnson proposed legislation which became known as “The War on Poverty.” Five years later, Richard Nixon, introduced “The War on Drugs.”

And what do we have to show for these brilliant government initiatives, 40 years later? Not much, besides massive expansion of the welfare state and the costly incarceration of millions of people for victimless crimes. These two “wars” have done nothing to reduce poverty or curb the abuse of drugs.

But their effects are minor compared to the next “war” which our government is set to engage. And this is one in which you will be enlisted, whether you like it or not. I’m talking about the “War on Climate Change.” [Read more…] about Rather than Reduce Unemployment Cap & Trade May Cause Unemployment to Skyrocket

Filed Under: Unemployment Tagged With: Cap and Trade, government, unemployment

A New Record for Unemployment

July 7, 2009 by Tim McMahon

The non-farm payrolls figure for March was bad. The economy lost another 663,000 jobs that month. This brought the total jobs lost in the first quarter of 2009 to almost 2 million. Compare that to all of 2008, where “only” just over 3 million jobs were lost all of that year.

At the rate of 2 million a quarter, we would lose 8 million a year… more than 2 ½ times as much as in 2008. This current loss resulted in the unemployment rate rising to 8.5%, the highest reading since late 1983.

The numbers aren’t in yet for April, but another 600k+ jobs are expected to be lost. This would be the 16th straight month of job losses.  The record stands at 17 and at this point, it doesn’t look like we have any choice but to break the record.

Filed Under: Unemployment Tagged With: economy, jobs, non-farm payrolls, unemployment

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