More Unemployment

July 18, 2009 at 9:46 pm Leave a comment

I guess things are getting rough on the job front right now. From the AP

“HARRISBURG, Pa. — Thousands of jobless Pennsylvanians are joining the growing ranks of people around the country who are exhausting unemployment benefits, as some experts worry about another blow to a stumbling economy.

Gov. Ed Rendell said 17,800 Pennsylvanians exhausted their jobless benefits in the week that ended Saturday, the first big wave of Pennsylvanians to do so. He urged legislators to pass a bill to extend the benefits.

Around the country, the number of people exhausting their benefits is piling up. By the end of September, more than 500,000 people will exhaust their benefits checks, with the biggest groups in Pennsylvania, California and Texas, according to estimates by the National Employment Law Project, an advocacy group for low-wage workers based in New York City’

How we are going to deal with the crises of unemployment? Is the best solution to this problem is to do nothing and pray to the “invisible hand” of the free market to get things better? Is this sign that our nation is serious decline?

Personally, I do not have answers. The best way to deal with this problem is not to think about tommorow and only for live today. At least that is how I see it.

Entry filed under: economics, economy. Tags: .

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