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Everyone In America Is Even More Broke Than You Think

Everyone In America Is Even More Broke Than You Think

The massive and growing gulf between rich and poor is one of the direst challenges facing the U.S. economy. Highlighting this gap, more than half of U.S. wage earners made less than $30,000 last year, according to an analysis released by the Social Security Administration on Tuesday. That's not far above the $27,010 that marked the federal poverty line for a family of five in 2012. Read More »

27 Shocking Numbers That Reveal the True State of the Union

27 Shocking Numbers That Reveal the True State of the Union

Scary statistics on unemployment, inequality, climate change and more In tonight's State of the Union speech, we're likely to hear a lot about the nation's continuing recovery from the Great Recession, and about President Obama's determination to run an executive end-run around obstructionist Republicans in order to kick the economy into a higher gear. Read More »

39 Percent of Unemployed Americans are Seeking Work for 6+ Months

39 Percent of Unemployed Americans are Seeking Work for 6+ Months

Thirty-nine percent of unemployed Americans are experiencing long-term unemployment in the wake of the 2008 recession, which is more than double the percent unemployed more than six months but actively seeking work in 2007, according to new research about trends in long-term unemployment since the recession from the Carsey Institute at the University of New Hampshire. Read More »

The Number Of Working Age Americans Without A Job Has Risen By Almost 10 Million Under Obama

The Number Of Working Age Americans Without A Job Has Risen By Almost 10 Million Under Obama

That heading is not a misprint. The number of working age People in America that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House. In Jan 2009, the number of "officially unemployed" workers plus the number of Americans "not in the labor force" was sitting at a grand total of 92.6 million. Today, that number has moved up to 102.2 million. That indicates that the number of working age Americans that are not working has grown by near to 10 million since Barack Obama first took office. So why does the "official lack of employment rate" keep going down? Well, it is because the federal government has been pretending that millions upon millions of jobless employees have "left the labor force" over the last few years and do not want to work any longer. The government says that another 347,000 workers "left the labor force" in December. That is nearly five times bigger than the 74,000 jobs that were "created" by the U.S. economic last month. And it is worth noting that more than half of those jobs were temporary jobs, and it takes well over 100,000 new jobs just to keep up with population growth each month. So the unemployment rate should not have gone down. If anything, it should have gone up. Read More »

Going Under: Over One Million Lose Unemployment Benefits – Will Hit Five Million By End of 2014

Going Under Over One Million Lose Unemployment Benefits – Will Hit Five Million By End of 2014

A few months ago govt benefits for nutritional assistance were decreased after the expiry of emergency legislation that was introduced following the 2008 financial failure. Nearly all of the 48 million people getting foods stamps distributions were affected. The move led to warnings from foods pantries and recipients around the country who said that the $40 billion in reduces would leave many American family members without the ability to put foods on tables across America. According to Feed America, the approximately $29 per family that would no longer appear on their EBT cards will amount to about 1.5 billion meals in 2014. Read More »

Unemployed And Deployed In America

Unemployed And Deployed In America

Unemployment will be a global tipping point in 2014, and America will tip as well. Europe is already panicking about the likelihood of young people rioting in the streets next summer. The 17-nation Eurozone is predicting severe riots due to soaring unemployment, especially among the young. In September, the Eurozone's general unemployment rate was 12.2%; the rate for young workers was 24.1%. According to the Organization for Economic Cooperation and Development, youth unemployment is nearly 60% in Greece, 55% in Spain and 40 percent in Italy and Portugal. Read More »

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