Another 1 million people file for jobless benefits as lack of new stimulus impoverishes millions

first_imgAlthough the headline unemployment rate fell to 6.9% last month, that’s still nearly twice what it was in February. And that calculation doesn’t capture how bad the situation is because, among other things, it doesn’t include out-of-work people who haven’t looked for a job in the most recent four weeks. Given the lack of job opportunities, that’s extremely common, but the Labor Department categorizes such people as having dropped out of the workforce, which makes the economy seem better than it actually is.Analysts at the left-leaning Center on Budget and Policy Priorities write:The official unemployment rate, which spiked to 14.7 percent in April, has come down to 6.9 percent in October. Although Black and Latino unemployment rates had fallen to historic lows before the crisis — due largely to the longest (128-month) economic expansion in U.S. history — they exceeded the white rate even then. All rates rose sharply in the recession and remained high in October, but the increase since February has been larger for Black and Latino workers (5.0 and 4.4 percentage points, respectively) than for white workers (2.9 percentage points). Black and Latino workers also continued to have a much higher unemployment rate in October than white workers.These patterns have endured in recessions and recoveries alike and are rooted in this nation’s history of structural racism, which curtails job opportunities for Black people through policies and practices such as unequal school funding, mass incarceration, and hiring discrimination. Black workers tend to be “the last hired and first fired.” High unemployment rates for Latino people, which also consistently exceed the white rate, reflect many of the same barriers to opportunity.With relief from the first stimulus mostly dried up, a report from the Department of Health and Human Services forecasts that by year’s end, without additional congressional aid—including an extension of unemployment benefits beyond the current 39 weeks—the Pandemic Recession will have driven an additional 10 million people, including 4 million children, into poverty. That’s a rise from 10.5% in 2019 to an estimated 13.6% in the five-month period from August to December. Which makes for a total of 43.8 million Americans in poverty, 9.8 million more than in 2019. – Advertisement – In most states, out-of-work people who qualify can collect benefits for 26 weeks, plus the 13-week extension approved by Congress in the spring. Anyone who filed when the pandemic first got underway and hasn’t yet gone back to work has just five weeks of benefits left unless a new extension is granted. During the Great Recession, extensions ultimately reached the point where many workers were eligible for 99 weeks. Republicans had to be arm-twisted repeatedly to make that happen.ScreenShot2020-11-11at10.57.26PM.pngWhile the stock market continues to soar, the overall economy is another story. There were at least 10 million more Americans employed in February than now, permanent job losses are headed for 4 million, the number of people looking for work for 27 weeks or more has risen from 1.5 million to 3.6 million in the past three months, both large and small business bankruptcies are on the rise, and the job recovery that returned millions to work in the third quarter has greatly weakened.- Advertisement – – Advertisement –last_img read more


first_imgSt Eunan’s GAA News: The Senior Footballers opened their league campaign with a defeat at the hands of Gaoth Dobhair on Sunday, final score 0-09 to 3-09.The Reserve team recorded a three point victory on a scoreline of 1-11 to 2-05. The Under 16 boys footballers have a home tie with St. Michaels on Sunday throwing in at 12pm.The Under 16 B team who recorded a comfortable victory over Naomh Colmcille last weekend travel to Buncrana this Sunday, throw in also at 12pm.Minor hurling training continues every Tuesday evening at 5pm.The Minor hurlers will face Mc Cumhaills in the Park this coming Thursday while the Under 14 hurlers have an away tie to Gaoth Dobhair/Dungloe on the same date. Our 4 Féile teams are hosting a Table Quiz in the newly refurbished Clubhouse this Saturday evening, March 28th at 9pm.We are fielding teams in boys & girls Football, Hurling and Camogie for Féile 2015. Teams of 4 for €20 and all support will be greatly appreciated.If you haven’t been out to the Clubhouse since it was redecorated, why not come out and show your support for these youngsters who will represent our club on the national stage in JuneThe Minor Boys Footballers are hosting a Fitness Challenge at Danny Ryan’s Boxfit next Monday, March 30th at 7pm.The team and management would like to invite footballers and hurlers, male and female of all ages to come along and take the fitness challenge in a fun filled evening. This is a vital fundraiser for the club so please come along and support their efforts. Light Refreshments will be served afterwards.Legendary local band RAW will be performing a gig in the Clubhouse on Friday 10th April followed by music with local DJ PK playing a mix of Funk, Classic Rock, 60s and 70s music.Doors will open at 8pm and there will be a free shuttle bus service operating from the Market Square to the Clubhouse on the night.Keep an eye on Social Media and the local press for more details on what will be a brilliant night’s craic. Congratulations to Kaneshia McKinney who became the latest club member to secure an All Ireland medal as her DCU team won the Lynch Cup colleges competition with a victory over DIT in the final.Please remember to support the Topaz Cash for Clubs initiative at Tobin’s Service Station or any other Topaz outlet as we now need a big push in our attempt to reach our target. Simply Stamp the St. Eunan’s card every time you refuel by €40 or more in Tobin’s.Last week’s winning lotto numbers were 2,10,11,21.Congratulations to direct debit subscriber Paddy Flood who matched all 4 numbers and won the jackpot of €1350.This week’s numbers were 4,8,20,21.4 people matched 3 numbers and won €25 each;Conall Dunne – Cashel ParkPatrick McGowan – DromoreBrendan Malone – The FairwaysAbove all Direct DebitShane McMahon – Carraig Craoibh, Crievesmith – Sold by Adrian.Next week’s jackpot is €1025.Congratulations and best wishes to Kieran Sharkey and Nicola McDaid who were recently married.Anyone wishing to have anything included in the weekly notes, please email [email protected] by 9pm on a Monday evening.GAA NEWS: ST EUNAN’S MINORS HOSTING FITNESS CHALLENGE AT DANNY RYAN’S BOXFIT was last modified: March 24th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:GAANoticesSportSt Eunanslast_img read more