This article continues examination of the expert testimony given on June 10, 2010, before the U.S. House Ways and Means Subcommittee on Income Security and Family. Thus far, the experts have testified that the jobs crisis is catastrophic and that Congress must stop adding to the problem of long term unemployment.
The economic statistics released this week underscore the urgency of the problems predicted by Dr. Heather Boushey and Dr. Lawrence Mischel. At the end of the week, economic reports showed that initial jobless claims rose by 12,000 in May. State unemployment rates remain high. In May, Indiana hit 10% unemployment while Nevada took over the top spot from Michigan with 14% unemployment.
A third expert before the Subcommittee, Dr. Michael Reich testified that continuing benefits for the long-term unemployed is important because “employers generally choose to hire new labor force entrants or unemployed workers with short unemployment spells over those with longer spells. The very-long-term-unemployed are thus the least likely to receive job offers. Moreover, the remaining financial assets of this group are especially meager. Consequently, they are the least likely group among the unemployed to refuse job offers they do receive simply because they can continue to collect unemployment insurance benefits.” In other words, economic experts confirm what the unemployed already know — they need help now.
Many Americans also told their stories to Congress. These stories are available at http://waysandmeans.house.gov/Hearings/hearingDetails.aspx?NewsID=11201
The question is whether our local, state or federal government is listening. Is anyone listening? News stories about the oil spill, Pres. Obama’s push for energy reform and the latest faux pas by BP CEO Tony Hayward dominate the news. But when it comes to jobs, it seems nobody is reporting on the problem.
The 99er’s, under the leadership of Issa Decker are leading the way towards recognition for the long term unemployed. Others are pushing Tier V with a similar mission of protecting the long-term unemployed.
The 99er’s petition is located at www.change.com. Unemployed Americans are also communicating with each other about unemployment at Tier V to Survive: Facebook.com, and www.unemployed-friends.com and now:jobless/ next:homeless on facebook.com
Stay tuned: Where are the jobs?
I truly appreciate my thoughtful readers. I give you the facts to help you evaluate this predicament. If you would like to follow in-depth coverage of unemployment and jobs news, press the subscribe button at the top of the page.
I read every email, please allow me time to response. I have received heartbreaking stories from all over the country. We need to get these stories to the people who matter. Let’s keep moving forward together.