Unemployment Figures

[NitroZ7]

I have heard stories that filing for unemployment is very backed up and delayed due to so many applicants filing. If that is true are the numbers not representative of the true unemployment picture?

[Bassmaster96]

Good question. I know that in Arkansas at least, when they reported they reported both pending and active, but I'm not sure about everywhere else.

[boneil]

Local radio station, Baltimore area, has been non stop talk about unemployment and the problems people are having. The system is still overwhelmed.

[200xp]

I know Ohio is overwhelmed by the demand, and therefore, behind on the processing of claims.

[Bassmaster96]

^ and yet the market is still green...

[Ben Danbleume]

^ and yet the market is still green...

Gotta make paper money , from air, while you can.

[Bassmaster96]

Gotta make paper money , from air, while you can.

Yeah, may as well

[apenland01]

The unemployment numbers seem irrelevant right now, since they will make more money than working. It won't become a relevant report until the spiff ends at the end of the year.

[NitroZ7]

The unemployment numbers seem irrelevant right now, since they will make more money than working. It won't become a relevant report until the spiff ends at the end of the year.

I guess the million dollar question in the intermediate term is will they spend it.

[apenland01]

My son said his friends that have been laid off are absolutely giddy about getting $2,400 per month to spend, on top of the bonus $1,200 one time payment. They've spent it already in their head. The general thought is that everything will fine at the end of the year when the spiffs stop, so they aren't concerned about saving the money.

[Bassmaster96]

Yeah I think people will blow it. I guess that helps everything except the debt its creating.