Daily Archives: December 7, 2008

>Americans unemployed + those losing work hours = record 12.5 percent

>Yesterday the Bureau of Labor Statistics reported that the nation’s economy lost 533,000 jobs last month, one of the worst jobs reports ever. With that, the unemployment rate rose to 6.7 percent. But the actual percentage of Americans who have lost hours and are out of work is much higher:

More significantly, the unemployment rate does not include those too discouraged to look for work any longer or those working fewer hours than they would like. Add those people to the roster of the unemployed, and the rate hit a record 12.5 percent in November, up 1.5 percentage points since September.

Think Progress

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Filed under Bureau of Labor Statistics, economy, job loses, lost hours, Think Progress, unemployment rate

Americans unemployed + those losing work hours = record 12.5 percent

Yesterday the Bureau of Labor Statistics reported that the nation’s economy lost 533,000 jobs last month, one of the worst jobs reports ever. With that, the unemployment rate rose to 6.7 percent. But the actual percentage of Americans who have lost hours and are out of work is much higher:

More significantly, the unemployment rate does not include those too discouraged to look for work any longer or those working fewer hours than they would like. Add those people to the roster of the unemployed, and the rate hit a record 12.5 percent in November, up 1.5 percentage points since September.

Think Progress

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Filed under Bureau of Labor Statistics, economy, job loses, lost hours, Think Progress, unemployment rate

>Obama on Meet the Press Today

>In an exclusive hour long interview today on Meet the Press , President elect Barack Obama will introduce  Retired Gen. Eric Shinseki as head of the Department of Veterans Affairs.

During the interview, Obama states Shinseki is “exactly the right person who is going to be able to make sure that we honor our troops when they come home.”

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Filed under Barack Obama, Department of Veterans Affairs, Gen. Eric Shinseki, Meet the Press, President-Elect, Tom Brokaw

Obama on Meet the Press Today

In an exclusive hour long interview today on Meet the Press , President elect Barack Obama will introduce  Retired Gen. Eric Shinseki as head of the Department of Veterans Affairs.

During the interview, Obama states Shinseki is “exactly the right person who is going to be able to make sure that we honor our troops when they come home.”

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Filed under Barack Obama, Department of Veterans Affairs, Gen. Eric Shinseki, Meet the Press, President-Elect, Tom Brokaw

Times must be hard – Americans are buying Spam again

There is always one sure way to tell when the economy is hurting and times hard, you just have to look at the sales figures for that all American meat in a can “Spam”.

According to an article written by Mike Harvey of the Times Online  sales of this pink all American processes meat in a can have shot up by over 10%  in the last 3 months.
Evidently there seems to be a correlation between the the rise in spam sales to the record number of Americans who are currently using food stamps. More then 31.5 million individuals are participating in the food stamps program as of September of this year, which is a 17% increase from previous years according to the government.
If you haven’t purchased spam yourself in a while, it sells for about $2.40 per 12 ounce tin. 
I brought a couple of tins of spam a few months ago because the guys in my work crew and myself, were reminiscing nostalgically about it one day, remembering how our mothers would cook it with eggs or fry in a skillet for  a hot sandwich.  
It had to have been over 35 years since I last ate spam and believe it or not, it was really good!
The next time I’m in Shoprite I think i’ll pick it up again.  

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Filed under food stamps, Hormel foods, increase in sales figures, Mike Harvey, Spam, Times online

Times must be hard – Americans are buying Spam again

There is always one sure way to tell when the economy is hurting and times hard, you just have to look at the sales figures for that all American meat in a can “Spam”.

According to an article written by Mike Harvey of the Times Online  sales of this pink all American processes meat in a can have shot up by over 10%  in the last 3 months.
Evidently there seems to be a correlation between the the rise in spam sales to the record number of Americans who are currently using food stamps. More then 31.5 million individuals are participating in the food stamps program as of September of this year, which is a 17% increase from previous years according to the government.
If you haven’t purchased spam yourself in a while, it sells for about $2.40 per 12 ounce tin. 
I brought a couple of tins of spam a few months ago because the guys in my work crew and myself, were reminiscing nostalgically about it one day, remembering how our mothers would cook it with eggs or fry in a skillet for  a hot sandwich.  
It had to have been over 35 years since I last ate spam and believe it or not, it was really good!
The next time I’m in Shoprite I think i’ll pick it up again.  

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Filed under food stamps, Hormel foods, increase in sales figures, Mike Harvey, Spam, Times online

>HOLT STATEMENT ON DRAMATIC JOB LOSS REPORT

>FOR IMMEDIATE RELEASE
December 5, 2008

(Washington, D.C.) – U.S. Rep. Rush Holt (NJ-12), today issued the following statement on the U.S. Bureau of Labor Statistics report that 533,000 jobs were lost in November and the unemployment rate rose to 6.7 percent, the highest number of job losses since 1974.

“Today’s U.S. Bureau of Labor Statistics report – documenting the most jobs lost in a single month since 1974 – is further indication of the great challenge our nation faces to get our economy back on track. Job number one must be to create new jobs.

As President-Elect Obama and Congress work on an economic stimulus plan, I strongly believe we must bolster research and development, something we have underinvested in for years. Companies have failed to do it sufficiently and so has the government. To get the economy on the way to sustained recovery will require more innovation – in other words, more R&D.”

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Filed under Barack Obama, Congress, Economic Stimulus Package, economy, job loses, President-Elect, Rush Holt, unemployment rate