With census workers being laid off after their temporary jobs ended, there was concern that the unemployment rage would once again climb higher. Thankfully instead it seems to be lower than anyone anticipated, reaching it’s lowest point in over a year.
Employers cut 125,000 jobs last month, the most since October, the Labor Department said Friday. The loss was driven by the end of 225,000 temporary census jobs. Businesses added a net total of 83,000 workers, an improvement from May. But that’s also below March and April totals.
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Officials are quick to warn that even though some good news, the economy still has a very far way to go. With unemployment money running out for some, and the markets looking grim we aren’t out of the woods yet.
The largest issue being faced by many who are out of work is the pending deadline for jobless benefit programs. With many already having lost theirs and many more are coming up fast to the deadline. Federal employees are looking to
In recent weeks Congress has considered several measures to renew federal extended benefits, but concern about a growing deficit has led to an impasse. While the House of Representatives voted Thursday 270 to 153 to extend benefits through November, at a cost of about $34 billion, a motion in the Senate to move forward with an extension failed on Wednesday. Now it’s expected the chamber won’t take up the legislation again until July 12 at the earliest.
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It still seems that while there is good news, it just isn’t good enough for the many who are out of work. There is still hope for the future, but it doesn’t seem to be happening quickly enough for many who are finding themselves in an increasingly dire situation as time goes on.
