Federal Reserve Says Unemployment High Until 2015

[Guest ALWAYSRED]

The numbers do not lie.

 

 

25,717,830 participated in the 2005 food stamp program.

 

 

26,672,294 participated in the 2006 food stamp program.

 

 

26,468,563 participated in the 2007 food stamp program.

 

 

28,409,882 participated in the 2008 food stamp program.

 

 

33,722,293 participated in the 2009 food stamp program.

 

 

The District, Maryland, and Virginia saw their numbers growing.

 

 

http://www.fns.usda.gov/pd/15SNAPpartPP.htm

 

Here is this years numbers

 

 

40,430,421 participated in the April 2010 food stamp program. That is a 6,708,128 increase from last year.

 

 

40,801,392 participated in the May 2010 food stamp program. That is a 370,971 increase from the previous month.

 

http://www.fns.usda.gov/pd/29SNAPcurrPP.htm

 

Let's see what the numbers will be in November.

[Guest Bernard]

Unemployment is not 9.5%. Unemployment is actually over 21% according to the methodology used in the early 1990’s. There were 500,000 new jobless claims for the week ending July 24, 2010. The number of unemployed Americans on emergency benefits increased by 260,000 to 4.75 million during the last week of July, 2010.

 

http://www.naplesnews.com/blogs/depression-economy-real-estate/2010/aug/25/economy/

[Guest LAW]

The U.S. Census Bureau announced today that real median household income in the United States in 2009 was $49,777, not statistically different from the 2008 median.

 

The nation's official poverty rate in 2009 was 14.3 percent, up from 13.2 percent in 2008 — the second statistically significant annual increase in the poverty rate since 2004. There were 43.6 million people in poverty in 2009, up from 39.8 million in 2008 — the third consecutive annual increase.

 

* The poverty rate in 2009 was the highest since 1994, but was 8.1 percentage points lower than the poverty rate in 1959, the first year for which poverty estimates are available. The number of people in poverty in 2009 is the largest number in the 51 years for which poverty estimates are available.

 

* In 2009, the family poverty rate and the number of families in poverty were 11.1 percent and 8.8 million, respectively, up from 10.3 percent and 8.1 million in 2008.

 

* The poverty rate and the number in poverty increased across all types of families: married-couple families (5.8 percent and 3.4 million in 2009 from 5.5 percent and 3.3 million in 2008); female-householder-with-no-husband-present families (29.9 percent and 4.4 million in 2009 from 28.7 percent and 4.2 million in 2008) and for male-householder-no-wife-present families (16.9 percent and 942,000 in 2009 from 13.8 percent and 723,000 in 2008).

 

* The poverty rate for non-Hispanic whites was lower in 2009 than it was for other racial groups. The poverty rate is not statistically different from the 2008 poverty rate for Asians, but increased for all other race groups and for Hispanics.

 

* The poverty rate increased for children younger than 18 (from 19.0 percent in 2008 to 20.7 percent in 2009) and people 18 to 64 (from 11.7 percent in 2008 to 12.9 percent in 2009), while it declined for people 65 and older (from 9.7 percent in 2008 to 8.9 percent in 2009).

 

* Similar to the patterns observed for the poverty rate in 2009, the number of people in poverty increased for children younger than 18 (14.1 million in 2008 to 15.5 million in 2009) and people 18 to 64 (22.1 million in 2008 to 24.7 million in 2009) and declined for seniors 65 and older (from 3.7 million in 2008 to 3.4 million in 2009).

[Guest Jeffrey]

New Jersey inched past even shell-shocked Michigan, where the August unemployment rate was 13.1 percent.

[Luke_Wilbur]

The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S. The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute's senior international economist.

[Guest Human]

Anyways since I really am out of politics, I have been helping folks not just in the Latino community but as well as other communities including the african american community.

 

Being a republican and all, I'm fully aware that the african american community as a whole will for the foreseeable future will keep on voting democrat.

 

But to the ones that I have helped; It was a Republican who got your a** out of the frying pan.

[Guest Rodney Dunn]

http://www.youtube.com/watch?v=bNAh5-frMLs

Speaking in the Congress, Jackson said that the practical aspect of the iPad made Borders close stores and renders Barnes & Noble obsolete. Jackson states that downloading newspapers, magazines and books to your iPad is ultimately detrimental for the economy for good reason. African-Americans and Hispanics are extremely impacted by automation in industries and corporate service sectors that were once the backbone of a college education.