If you've lost your job and are now one of the growing number of people who receive an unemployment check, you might lose it if you make money blogging. Not big money, mind you. It could be a measly dollar a day from Google Adsense that might leave you without an unemployment check. In fact, laid-off attorney in New York lost her benefits because she was bringing in $1.30 a day from blog ads.
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It's not as good as a job, but those who were on the brink of running out of unemployment benefits can breathe a little easier now. The Senate on Thursday reached a deal that will extend jobless benefits, yet again.
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The number of newly laid-off workers filing first-time claims for unemployment benefits fell by an unexpectedly large amount, in weekly numbers released by the Labor Department on Thursday. With that, the numbers fell to the lowest level since early January.
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The dismal September unemployment numbers are in. According to the Labor Department, the unemployment rate rose to 9.8 percent in September, up from 9.7 percent in August. Over 263,000 jobs were cut by American employers, which was beyond the number expected.
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While people like Ben Bernanke say the recession is over, ask someone unemployed and you may get a different answer. According to the Labor Department’s July numbers, only 2.4 million full-time permanent jobs were open, with 14.5 million people officially unemployed. Do the math: that's a 6:1 ratio in the wrong direction.
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An announcement was made today that Puerto Rico's government will lay off 16,970 public workers in an effort to close the gap on a $3.2 billion deficit. This is the third year of the recession and hopes the layoffs will help close a $3.2 billion deficit as the island struggles through its third year of recession and a 15% percent unemployment rate.
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The number of new jobless claims dropped for the third consecutive week. The Labor Department said Thursday that initial claims for unemployment insurance dropped to a seasonally adjusted 530,000 from an upwardly revised 551,000 the previous week.
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Initial filings for unemployment insurance fell by 12,000 last week, from 557,000 to 545,000. That is the good news. Unfortunately, the bad news is that the number of continuing jobless claims keeps growing.
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It's been said that official unemployment numbers undercut the true unemployment numbers, with many dropping off the radar as their unemployment benefits expire, and with many taking jobs that "underemploy" them. Still, this study comes as a shock, saying that 2/5 of Californians of working age are out of work.
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Employers continued to shed jobs and the employment rate continued its long, steep decline across the United States.
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The worst recession in decades is accelerating the aging of the U.S. workforce as older Americans try to rebuild savings and younger individuals, unable to find work, pursue higher education, a survey found.
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Recent survey shows that nearly 65 percent of respondents are willing to accept pay cuts to stay on their jobs. However, they admit that it is not sustainable in the long as the lower pay is not enough to pay the bills. However, they do so as the layoffs amount around the country.
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