Current Congessional action has largely left unaddressed job creation, focusing instead on slashing spending and decreasing benefits. One bright spot however, is a notable increase in the number of states issuing unemployment extensions...
Los Angeles, CA (PRWEB) July 12, 2011
According to Unemployment-extension.org, a majority of Americans cite "continued high unemployment rate" as a top economic worry. A previous poll conducted earlier in the year put that concern as second below high gas prices. As high gas prices fall, other concerns are coming to the forefront for American citizens. Additional worries about the growth in government spending also increased over the previous year. A previous poll conducted by Unemployment-extension.org showed a large increase in worries over macroeconomic conditions, indicating an increasing desire of the public for Congressional action. Current Congessional action has largely left unaddressed job creation, focusing instead on slashing spending and decreasing benefits. One bright spot however, is a notable increase in the number of states issuing unemployment extensions and lifting the amount of time the unemployed can collect benefits.
Also on a positive note, concern over fuel prices fell in the latest poll. According to Unemployment-extension.org, 20% of respondents cited the increased gas cost as their number one economic worry, slightly more then half over the previous poll. Gas prices have fallen over 10% in the current year bringing other economic conditions to the forefront. 46% of those polled say that continued high employment will be a drag on the economy and depress recovery.
High taxes and government spending were cited by over half of respondents as more pressing problems than oversight and regulation of businesses. Business regulation was not cited in the top five concerns by a majority of the respondants. Over 50% of those polled would vote on bills that cut taxes and decreased goverment spending. Among respondants considered unemployed, continuing unemployment benefits were a top concern with high unemployment rate coming in second. Overall, close to 10% of the respondants declared themselves unemployed, closely mirroring the general population. Under 5% of respondants considered themselves out of work and not looking for a job and were not counted among the unemployed.
According to Unemployment-extension.org, the jobless rate increased by 0.1 of a percentage point to 9.2 percent in May and temporary employment showed minor change over the month. "With gas prices falling, this poll shows unemployment rate and extension of benefits are rising concerns among ordinary Americans' said Unemployment-extension CEO Mark Quinones.
# # #