U.S. Unemployment Rate Hits Double Digits
Unemployment rate not improving
New statistics on the U.S. unemployment rate were released today, and things haven’t been worse for 26 years. The October unemployment rate was 10.2 percent, more than double normal levels. It’s also the highest unemployment rate the country has seen since 1983, when it hit 10.5 percent.
I [...]
Unemployment Extension Vote Will Decide Fate of Millions
Unemployment extension vote to come
The unemployment extension vote that took place Tuesday cleared the way for the unemployment extension bill to make its way through Congress. The House has passed the bill, which would allow unemployed workers to collect benefits for an additional 13 weeks beyond what is already allotted.
Originally, [...]
Short Term Loans in a Tough Economy
Unemployment in Elkhart, Indiana
Short term loans are proving to be a viable option as America’s financial recession persists. One city that is taking the recession harder than most is Elkhart, Indiana. They are currently suffering one of the highest unemployment rates in the nation. Mayor Dick Moore stated, “When [your city has] [...]
Payday Loans Improve While Job and Housing Markets Suffer
Housing and Job Markets Pushing People Toward Alternatives
People everywhere are looking toward alternative choices – from payday loan funding and strategic bartering to rationing out necessities – to weather the current financial storm. In the recession, people want to make ends meet any way they can, and traditional options for funding [...]
New Poll Shows that Debt Relief is On The Way
Market May be Bottoming Out
Debt relief may be on the way according to a new AP poll called the Economic Stress Index. This index is a calculation that ranges from 1 to 100 and is based on the nation’s approximately rates of unemployment, foreclosures and bankruptcy totals. The lower the [...]
From Peace Garden State to Job State
North Dakota is recruiting workers from around the nation
North Dakota has emerged unscathed from the economic meltdown and is becoming a leader on the employment front. As if sharing the International Peace Garden with Canada weren’t generous enough, North Dakota is now actively promoting employment opportunities throughout the United States.
A [...]
Amish Communities Accepting Short Term Loans for the First Time
The Amish community and the economy
For the first time, Amish communities are using short term loans and governmental help to sustain their lifestyles. “We prefer to supply ourselves, but I told people that if they have no other option and no other way to make ends meet then they can [...]
More States Hit Double-Digit Unemployment Rates
5.1 million drawing unemployment in U.S.
In December, only Michigan had an unemployment higher than 10 percent. In January three more states joined that club: Rhode Island, California and South Carolina. Nationwide, 5.1 million people are collecting state unemployment benefits.
Some economists have expressed concerns that the national unemployment rate would reach [...]
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