The Recession may be over (post #326)- part X

[GizmoDVD]

Originally Posted by BigDaddy

This seems strange that someone can collect unemployment and go to school for a year.

http://finance.yahoo.com/news/Jobles....html?x=0&.v=8

I wish I was fired so I could collect 1.5-2 years of unemployment in California and go back to school at the same time. No, seriously.

[foggy]

Originally Posted by kvrdave

But they get another 20 weeks of unemployment. What is that now, 92 weeks?

99 weeks is the maximum now. Since they are letting people collect while going to school full time, I should be able to collect for the entire first year that I am working towards my doctorate. Sweet!

[fujishig]

Why would they allow a full-time student to collect unemployment? I thought one of the conditions of collecting unemployment was that you were actively looking for another full time job?

[kvrdave]

Originally Posted by BigDaddy

There were some bright spots in the report. Education and health care added 45,000 jobs. That's a good sign for Dahaina Collazo, a 34-year-old mother of three who enrolled in a medical assistantship program last summer. She lost her job in March at a Milwaukee printing shop after six years.

I ownder where the added jobs were within that. From what I have seen, most schools laid people off en masse because of state budget problems. Otherwise, I would expect those added were done because of the Stimulus bill.

[flagstone]

Originally Posted by foggy

99 weeks is the maximum now. Since they are letting people collect while going to school full time, I should be able to collect for the entire first year that I am working towards my doctorate. Sweet!

As someone who did Y2K work for a while, I wonder how many state and federal computer systems will break after the next inevitable extension, causing some 2-digit data fields to overflow.

[funkyryno]

Originally Posted by fujishig

Why would they allow a full-time student to collect unemployment? I thought one of the conditions of collecting unemployment was that you were actively looking for another full time job?

I imagine it depends on the state. In Washington, if you sign up for a worker retraining you don't have to search for a new job. You just have to stay enrolled in your courses.

It's a good deal for people who have seen a huge decrease in the number of jobs in their chosen field. A lot of these jobs will never come back. (I know several former print journalists who are taking advantage of these programs.)

[Ranger]

I thought Congress extended it to 79 weeks max for states with unemployment higher than 8%.

[DJLinus]

[kvrdave]

Originally Posted by Ranger

I thought Congress extended it to 79 weeks max for states with unemployment higher than 8%.

There are a few things at play. Federal law says that states must have a minimum number of weeks of unemployement available (somewhere in the 30s, I think). It has been extended by a number of states, and the feds have extended it as well. But in order to have it extended to the maximum maximum, your state has to go along with it. And that is where it gets tricky. The state can tax more to cover it, but that puts even more pressure on companies who are trying to stay afloat. And the Feds did have some different things that depended on the states unemployment rate.

[wmansir]

It looks like talk of a second stimulus plan is gaining steam again. It seems even those on the left are admitting the first stimulus bill wasn't designed for job creation.

[fujishig]

Originally Posted by wmansir

It looks like talk of a second stimulus plan is gaining steam again. It seems even those on the left are admitting the first stimulus bill wasn't designed for job creation.

If the recession is over, why do we need another stimulus bill?

[kvrdave]

Originally Posted by wmansir

It looks like talk of a second stimulus plan is gaining steam again. It seems even those on the left are admitting the first stimulus bill wasn't designed for job creation.

Then what was it designed for?

[Superboy]

Originally Posted by kvrdave

Then what was it designed for?

Its chief goal was to restore faith in the economy.

It didn't work.

[wmansir]

Originally Posted by kvrdave

Then what was it designed for?

Two thirds of the money went to tax cuts, state aid and expanding unemployment and the food stamp program.

There was an article in the WaPo yesterday "Why won't Obama give you a job?" which talks about the lack of direct job creation under the stimulus plan.

[fujishig]

Originally Posted by wmansir

Two thirds of the money went to tax cuts, state aid and expanding unemployment and the food stamp program.

There was an article in the WaPo yesterday "Why won't Obama give you a job?" which talks about the lack of direct job creation under the stimulus plan.

This is even after the questionable counting methods they're using?

http://www.google.com/hostednews/ap/...DmAgAD9BKKBIG0

_ A company working with the Federal Communications Commission reported that stimulus money paid for 4,231 jobs, when about 1,000 were produced.

_ A Georgia community college reported creating 280 jobs with recovery money, but none was created from stimulus spending.

_ A Florida child care center said its stimulus money saved 129 jobs but used the money on raises for existing employees.

The AP's review identified nearly 600 contracts claiming stimulus money for more than 2,700 jobs that appear to have similar duplicated counts.

_ Barbara Moore, executive director of the Child Care Association of Brevard County in Cocoa, Fla., reported that the $98,669 she received in stimulus money saved 129 jobs at her center, though the cash was used to give her 129 employees a 3.9 percent cost-of-living raise. She said she needed to boost their salaries because some workers had left "because we had not been able to give them a raise in four years."

_ Officials at East Central Technical College in Douglas, Ga., said they now know they shouldn't have claimed 280 stimulus jobs linked to more than $200,000 to buy trucks and trailers for commercial driving instruction, and a modular classroom and bathroom for a health education program.

"It was an error on someone's part," said Mike Light, spokesman for the Technical College System of Georgia. The 280 were not jobs, but the number of students who would benefit, he said.

_ The San Joaquin, Calif., Regional Rail Commission reported creating or saving 125 jobs as part of a stimulus project to lay railroad track. Because the project drew from two pools of money, the commission reported the jobs figure twice, bringing the total to 250 on the government report. Spokesman Thomas Reeves said the commission corrected the data Tuesday.

[slop101]

If they don't ratify the health plan, businesses wanting (needing) to save money will make unemployment could skyrocket further.

[kvrdave]

Under the current proposal, we have to pay for the new health care scam for 3 years before it goes into effect. So for 3 years we will have higher taxes and more money going out of the economy with no benefit. And you think that will bring unemployment down somehow?

Splain how!

[Dr Mabuse]

The recession isn't anywhere close to being over.

It's not even at its worst yet I suspect.

Institutional investors have been getting money at virtually 0% and investing it and have driven the market up. It's amazing that anyone is gullible enough to believe that this market bubble indicates anything besides even greater danger around the next bend.

[kvrdave]

Posted by a friend on facebook

Good news! While my Dallas Cowboys only managed to score one touchdown in their17-7 loss to Green Bay on Sunday, Obama's Office of Management and Budget has found evidence that they "scored or SAVED" 9 touchdowns, so they are now being given credit for a 63-17 victory!

[Tracer Bullet]

Originally Posted by kvrdave

Posted by a friend on facebook

Why aren't you my friend on Facebook. I thought we had something.

[kvrdave]

You've never asked.