Hayden Wolf
http://money.cnn.com/2010/10/14/news/economy/jobless_claims/index.htm
Sunday, October 24, 2010
Jobless topping 420,000
Since the start of October people filing for unemployment benefits rose 13,000 from October 2 until October 9. Since last November the level of unemployment claims has hovered around 400,000 (plus or minus). This provides evidence according to a PNC analyst that the job market is still hobbled and needs help. "Claims are going in the wrong direction again, but it's a one week move after several weeks of improvements" he said. Smoother sailing should be ahead as the last of the temporary workers hired by the Census work through the system. The U.S. has begun using the tools of government (employment services, ect) to help implement aid for those claiming for unemployment benefits
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An interesting point to look at is if unemployment ultimately discourages people from finding legitimate careers. The government does in fact use tools to help people along, but is it truly helping them find long term gainful employment. It would be interesting to see the number of first time filers vs. the number of repeat filers. Unemployment benefits are meant to be a temporary solution to those out of work but it seems to be a commonly abused system. This article is very interesting and seems to be very detailed and provides reliable numbers.
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