While jobs were definately saved with this stimulus there are also new jobs 'being' created. As the NEW American infrastructure takes place job growth results. Example: Constructing high speed rail in at least thirteen hubs around the country, there first has to be design/architects and all the technical folks doing their part. When plans are in place there is usually a significant government process that has to be mounted to begin any construction. Once all the permits and objections are answered and resolved, then the construction can actually begin. The most job creation will result far later than a 'quick infusion of money' result. The long term recovery is best because it is sustainable employment that creates jobs with longevity and can't be outsourced.
U.S. Initial Jobless Claims Fell to 550,000 Last Week (Update2) (click title to entry - thank you)
By Courtney Schlisserman
By Courtney Schlisserman
...Applications fell by 26,000 to 550,000 in the week ended Sept. 5, lower than economists forecast, from a revised 576,000 the week before, Labor Department data showed today in Washington. The total number of people collecting unemployment insurance declined to the lowest level since April....
Link to chart (click here)
Also known as insured unemployment. This is an actual of the number of individuals who are unemployed and are currently receiving unemployment benefits. These are the number of people who filed for unemployment benefits at least two weeks ago. Weekly initial jobless claims is the number of people who have filed for unemployment benefits for the first time. To file a claim you must be eligible and meet five (5) guidelines. 1. Meet the requirements of time worked during a 1 year period (full time or not). 2. Become unemployed through no fault of your own (cannot be fired). 3. Must be able to work; no physical or mental holdbacks. 4. Must be available for work. 5. Must be actively seeking work.
