More people are simply retiring, going back to school or filing for disability / social security to keep the government checks coming in.
San Diego, CA (PRWEB) June 07, 2011
We’re told the economy is “on the road to recovery,” that the economic situation stable, that jobs are being created and people are going back to work. Yet, this message seems like little more than a daydream when Unemployment-Extension.Org takes a look at the job situation in America.
Americans Filing For Unemployment Extensions…
According to Unemployment-Extension.Org, The Bureau of Labor Statistics says there are 13.7 million Americans drawing unemployment as of May 2011. Initial benefits are available through most states for 26 weeks, but may persist until 99 weeks, thanks to a federal unemployment extension benefits program. A few months ago, the average length of unemployment was a record-high 37.1 weeks!
Americans Who Have Just Lost All Hope
Sure, the number of employed Americans has grown by 765,000 since November and the economy has added another 244,000 jobs. However, the number of Americans “participating” in the economy is only 64.2 percent (the lowest it’s been since 1984). Economists say that more former job seekers are willing to sit on the sidelines rather than jump back into the growing market.
So even though the unemployment rate has dropped from 9.8 to 9 percent, the economy isn’t getting any stronger, experts at Unemployment-Extension.Org say. More people are simply retiring, going back to school or filing for disability / social security to keep the government checks coming in. With 4.3 unemployed people vying for each job opening (more than double before the recession), it’s downright depressing out there.
Who Can Help?
Luckily, private companies and investors are participating in the housing market to help struggling families stay in their homes or buy new properties. We certainly can’t sit around and wait for a delusional government to “save” us.
Filing of your Unemployment Extension can be done at Unemployment-Extension.Org.