November 2009

  • Unemployment Benefit Extension Passes As National Unemployment Rate Hits 10.2%

    By dubayns on 11/13/09 1:46pm
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    Unemployment Benefit ExtensionUnemployment Benefit Extension

     

    The last time the nation's unemployment rate was over 10% was in 1983.  It’s been 26 years and October’s numbers reflect a worsening of the recession.  The official US unemployment rate is 10.2%, but this does not count people who no longer qualify for unemployment benefits, those who are under employed, and those who are discouraged and no longer looking for work.  The real unemployment rate, if these groups were considered, would rival that of the Great Depression, when 25% unemployment was seen.  At least back in the 1930’s the official numbers were not skewed and changed to try and reflect a rosier-than-reality employment environment.

     

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  • Washington DC Jobs Report

    By dubayns on 11/11/09 6:01pm
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    Many people think of Washington DC as a place where everyone works for the government.  This is far from the reality of what this city is built upon and what the economy is revolving around.  The DC area is home to a very large shipping port as well as numerous huge universities and associated hospitals.  In fact, only about 15% of the DC area population works a government job.  The rest have jobs in other diverse sectors.  Healthcare and education sectors are huge in this city, as one could imagine given that there are dozens of famous colleges and universities in and around the metropolitan Washington DC area.

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