Comments on: Housing and Unemployment Reports Show Economy Slowly Recovering http://moneymorning.com/2009/09/24/housing-unemployment-reports/ Global Investment News Fri, 25 May 2012 18:42:41 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: JimH443 http://moneymorning.com/2009/09/24/housing-unemployment-reports/comment-page-1/#comment-7718 JimH443 Thu, 24 Sep 2009 22:40:06 +0000 http://www.moneymorning.com/?p=9103#comment-7718 The REASON that "total claims lasting more than one week also decreased" is because each week more and more people are exhausting their benefits! I live in Ohio (which has a total of 79 weeks of benefits available), and I haven't seen a check in 3 weeks. I would imagine the same is even more true in states that don't offer as many weeks of benefits. Fewer NEW people are being laid off because fewer people are working in the first place. It's gotten to the point where companies are operating with skeleton crews. The only way to reduce the payroll from its current level is to shut the doors. Unless drastic measures are taken, we'll be seeing a lot of this in the very near future. The REASON that "total claims lasting more than one week also decreased" is because each week more and more people are exhausting their benefits! I live in Ohio (which has a total of 79 weeks of benefits available), and I haven't seen a check in 3 weeks. I would imagine the same is even more true in states that don't offer as many weeks of benefits.

Fewer NEW people are being laid off because fewer people are working in the first place. It's gotten to the point where companies are operating with skeleton crews. The only way to reduce the payroll from its current level is to shut the doors. Unless drastic measures are taken, we'll be seeing a lot of this in the very near future.

]]>