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American 99ers Unions: "It's Time For Washington To Take A Lesson In Economics 101"

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Post by Guest on Sun Jun 05, 2011 8:51 am

Why Extend Unemployment Insurance Beyond 99 Weeks?
It's Time For Washington To Take A Lesson In Economics 101


The American 99ers Union responds to the May Jobs Report.

Demand for labor is known as a derived demand; it is derived from the demand for a firm's output. If demand for the firm's output increases, the firm will demand more labor and will hire more workers. If demand for the firm's output falls, the firm will demand less labor and will reduce its work force.

On Friday, June the 3rd 2011 the U.S. Bureau of Labor Statistics reported that a total of only 54,000 total jobs were created in May.

On Thursday, June the 2nd 2011 the U.S. Bureau of Labor Statistics reported that as of the week ending May 28th, the 4-week moving average for new unemployment insurance claims was 425,5000.

On Thursday, June the 2nd 2011 the U.S. Bureau of Labor Statistics reported that as of the week ending May 28th, 60,000 fewer Americans were receiving extended unemployment insurance than the previous week.

We now have over 7 million Americans, the longest-termed unemployed, who have no income thus do not have the ability to spend money in the marketplace and can not play an active role in creating derived demand.

It is time Washington stop looking for places to cut spending, and focus on where to invest. Given that consumer spending accounts for 70% of all economic activity, the time is now to invest in the American People, who will in-turn invest in the American Economy and create... derived demand and get Americans back to work.

H.R.589 must be brought to the floor and passed without delay.

http://www.american99ersunion.com/

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American 99ers Unions:  "It's Time For Washington To Take A Lesson In Economics 101" Empty New Jobs Report & Homeless,home owners or renters

Post by eagleluver on Sun Jun 05, 2011 10:33 am

http://www.msnbc.msn.com/id/43283120/ns/business-us_business

this is what gets me here on video...1:47 stating 6.2 million unemployed,where are these people getting these numbers from?
all the programs ....supposedly....out there to help people in bad times,plainly most only exist in name only.I have found no help from much any such arears that you see listed for helping unemployed out,funds are always gone. All this great funding & I'm still homeless,over a month now & I am getting FREE wifi,unsecure out of the open air ways,that's only thing that has helped and no government funding or programs has helped this to happen.They will try to stop that,don't see it happening as everything else government says is out there to help


Last edited by eagleluver on Sun Jun 05, 2011 10:40 am; edited 1 time in total (Reason for editing : start new topic & Not listed under other heading)
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