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Unemployment hits 9.8% and still the bills must be paid
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In the current state of the nation when companies too big to fail are receiving taxpayers' money to subsidize their businesses, how do we pay our bills? Many people on unemployment are struggling to make the rent/mortgage on a monthly basis while searching for employment. Unemployment insurance is certainly not going to keep you under cover for long. It is eventually going to run out. When it happens, where will you be? Are you in the streets? Are you at a shelter? This is a problem that is plaguing 9.8% of Americans.
That's 9.8%? What is this in real numbers? What does it represent? The 9.8% of Americans that are listed in this percentage are the Americans that are still receiving unemployment payments, are still searching for employment and are reached in the surveys. Unemployment numbers do not include the number of people who have lost their benefits or have just given up. Those numbers are lost somewhere.
The real number listed, including all of those who do not have work, is somewhere along the lines of 15.1 million unemployed, according to the Bureau of Labor and Statistics. This is the number listed since the beginning of the employment crisis in Dec 2007. The Bureau also suggests there are an additional 2.2 million persons that are not tied to the unemployment numbers which means you can increase the unemployment numbers up to 17.3 million and still be off. This does not include the increasing numbers coming month after month.
Rent is not the only bill showing up at the houses of the unemployed. There are credit cards that have been used to subsidize income that are now due to companies who have taken money from the federal government and have yet to make a payment.
There are utilities that are increasing due to cap and trade laws put into effect by the government. Still these need to be paid. The unemployed still need to make their payments while corporations go offshore and stop paying US taxes on employee’s income.
It is this author’s opinion, unemployment Insurance was never meant to cover this vast number of people who are out of work. Social programs were never intended to be the sole source of income for growing numbers of families. Is this truly the change our new government was searching for? The people of this great State and this great nation want to work not stand in breadlines. Is it possible this is the outcome that is desired by the government? Is this situation to be the norm? We can only wait and see.
Ap Oct 2 Unemployment hits 9.8%
