By Fester:
Anyone seeing any connections here:
From the Big Picture (along with a scary looking graph):
Those of you (who can still afford the luxury of) a trusty Bloomberg will note the �exhaustion rate� for jobless benefits - EXHTRATE � reveals that people are not leaving the pool of continuing unemployment claims because they are getting new jobs; Rather, they are leaving because they have exhausted their benefits.
They are now unemployed AND broke. That is hardly a green shoot . . .
Twenty-three of the 30 largest states, which account for more than 88% of the nation's total population, see welfare caseloads above year-ago levels, according to a survey conducted by The Wall Street Journal and the National Conference of State Legislatures. As more people run out of unemployment compensation, many are turning to welfare as a stopgap....
The number of food-stamp recipients has risen in every state and was 19% higher in March than a year ago, a much bigger increase than the number of welfare cases.
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