The number of people of filing for unemployment benifts are increasing and it is on the rise. It has hit an all time high for the past nine weeks in a row. By the end of March 21 over 652,000 filied for the benifts, it is up over 8,000 for the week before. The Labor Department recorded that at March 11, it rose from 122,000 to 5,560,000 people the highest since we started keeping track in 1967. Also adding to the mess Americans can't find work because employers arn't hiring.
I think that it is horrible that so many people are losing their jobs. They have families that they need to support and can't do it without a steady income. Because of the loss of the job, they can't pay for the house that they are living in and will end up in debt or living on the streets. The rate is isn't all that close to what it was during the depression,but it is creeping uo their, and without the money, they can't get the food to feed themselves or the family. This new bill that President Obama is working on, i think really needs to focus on the unemployed, and instead of semi-projects make more longer lasting projects that give people a part time job at least. That way they can make some money and provide for the family.
http://news.yahoo.com/s/ap/20090326/ap_on_bi_go_ec_fi/economy
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