Jobless Americans to lose unemployment benefits - News and Current Events | futures io social day trading
futures io futures trading


Jobless Americans to lose unemployment benefits
Updated: Views / Replies:499 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Jobless Americans to lose unemployment benefits

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Jobless Americans to lose unemployment benefits

More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program.

Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas.

The federal extended benefits program has provided the jobless with up to 20 weeks of unemployment checks after they've run through their state and their federal emergency benefits, which together last up to 79 weeks.

But the extended benefits program is expiring throughout the country as the economy improves. To be eligible for these benefits, a state must show that its unemployment rate is at least 10% higher than it was in at least one of the past three years.

State unemployment rates have been falling as the jobless find new positions or exit the workforce. For instance, Nevada has the highest state unemployment rate at 12%, but it's still below the 14% it logged in October 2010.

Already, 25 states have rolled off the extended benefits program, with 15 of them exiting last month alone. But more unemployed folks will be affected by this week's cessation than April's, when about 135,000 people saw their payments end.

Best companies to work for in the Fortune 500

By the beginning of September, the benefits will disappear in another seven states, leaving Alaska as the sole place to offer it.

The jobless have been able to collect up to 99 weeks of benefits for much of the Great Recession and its aftermath. But after multiple extensions, Congress in February passed a law that starts phasing out this unprecedented lifeline.

Starting later this year, the maximum number of weeks the jobless can collect unemployment benefits will be reduced to as little as 40 weeks in states with jobless rates below 6% and to as many as 73 weeks where unemployment tops 9%.

The issue of supporting the long-term unemployed, who number 5.1 million or 41% of the jobless, has split policy makers and economists. Some argue that these costly benefits need to end to spur people to find work. But others say the economy is still too weak to roll up the safety net.

"The hundreds of thousands of long-term unemployed who are being abruptly pushed off the extended benefits program are just the latest wave of jobless workers forced to survive without basic financial protections," said George Wentworth, senior staff attorney at the National Employment Law Project, an advocacy group.

Jobless Americans to lose unemployment benefits - Yahoo! Finance

Reply With Quote

Reply



futures io > > > > Jobless Americans to lose unemployment benefits

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
The benefits of creating a journal in this forum Big Mike Trading Journals 77 September 8th, 2017 07:56 AM
Senate Agrees to Extension of Jobless Benefits, Tax Cut Quick Summary News and Current Events 0 December 17th, 2011 12:00 PM
Americans ‘Hooked on Government’ as Record Number Get Benefits kbit News and Current Events 1 October 29th, 2011 10:08 PM
Recession Seen Looming as Jobless Benefits End Quick Summary News and Current Events 0 August 4th, 2011 05:50 PM
Benefits of NinjaTrader Standard Edition ptop NinjaTrader 0 February 18th, 2011 11:42 AM


All times are GMT -4. The time now is 12:50 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.06 seconds with 19 queries on phoenix via your IP 107.20.115.174