This is the Occupy movement we should really be worried about. The likelihood of 20-somethings moving to another state has dropped well over 40 percent since the 1980s, according to calculations based on Census Bureau data. The stuck-at-home mentality hits college-educated Americans as well as those without high school degrees.
With the recent news that unemployment applications are at their lowest levels since 2008, Congressional Republicans are attempting to curtail unemployment benefits. Democrats want to extend benefits for another year. This has led to an impasse. [more inside]
99 Weeks Later, Jobless Have Only Desperation. 'In June, with long-term unemployment at record levels, about 1.4 million people were out of work for 99 weeks or more, according to the Bureau of Labor Statistics.' While the Senate ponders a debate on tax cuts for the rich, jobless claims hit highest level since April. With such unemployment, frustration and despair grow as job searches drag on. 'In her well-thumbed, leather-bound Bible, Terri Sadler recently highlighted in bright pink a passage in the Gospel of Matthew. In it, Jesus urges his followers not to “worry about tomorrow, for tomorrow will worry about itself.” But Ms. Sadler’s tightening throat and halting breath when she tries to read the words aloud make it clear that she is having trouble mustering enough faith to follow them.' [more inside]