Thursday, February 26, 2015

January 2015 Jobless Rates Rise Again

Jobless claims has risen to 313,000. 290,000 was expected, putting us 23,000 above expected. Translating to 9 million unemployed in the United States, this does not include those who are not eligible to collect unemployment. 

According to the Bureau of Labor Statistics "Among the major worker groups, the unemployment rate for teenagers (18.8 percent) increased in January. The jobless rates for adult men (5.3 percent), adult women (5.1 percent), whites (4.9 percent), blacks (10.3 percent), Asians (4.0 percent),
and Hispanics (6.7 percent) showed little or no change. (See tables A-1, A-2,
and A-3.) "In January, the number of long-term unemployed (those jobless for 27 weeks or more)
was essentially unchanged at 2.8 million. These individuals accounted for 31.5 percent
of the unemployed. Over the past 12 months, the number of long-term unemployed is down
by 828,000. (See table A-12.)

America's jobless have been waiting year after year for there to be an increase in jobs to get back to work. Food service jobs are steadily increasing by 33,000 a year. But, try supporting a family on a food service job. Millions of educated Americans are still paying for $20,000 or more in student loans and have no way to  pay for their loans or are working food service or low paying jobs. 

Amazon Reviews