executive vice president

People's Network on August 14 reported 8 12, the Labor Department released a report. As of August 7th week, the United States for the first time to apply for unemployment benefits increase the number of the chain, while nearly 6 months to a record high. The Labor Department said on Aug. 7 when the week number of initial claims for unemployment benefits increased 2,cheap mbt shoes,000 over the previous week, rose to 48.4 million, an increase which is the second consecutive week. The economic analysts had expected estimate may be reduced to 46.5 million. This once again indicates that the U.S. labor market remains weak.

in the data release, the U.S. Federal Reserve Board (FED, Fed) lowered its expectations on the economic outlook has caused panic to the investors. The number of initial claims for unemployment benefits increased by increasing the stock market concerns, the U.S. stock market fell for three consecutive days so. In addition, the Labor Department reports initial claims for unemployment benefits showed, on August 7th week the number of initial claims for unemployment benefits increased 4-week average of 14,250 people to 47.35 million. As the number of initial claims for unemployment benefits, as the data set on February 20 the highest level since.

According to \Some U.S. local and state government, and some companies to reduce costs are squeezing employees,they want to explain the feeling of cool. However, let them dry as much live, less money. This is seen as made to avoid layoffs last effort. Reported that, according to a report recently released, due to reduced working hours of employees, total salary in June declined slightly. The report also said, it is difficult to how many employers pay cut, because the government does not have data records. Economists said that, especially in the public domain, ordered the reduction of the employer, while small, but growing. An economic analyst sighed: \

many unemployed people can not repay losing their homes

latest property survey shows the U.S. job market continued to slump to new pressure to increase the real estate market. Many unemployed because of inability to repay and redeem the loss of housing rights, such \Banks back the number of homes almost hit a new record. Experts point out that the job market without significant improvement, the situation will continue to deteriorate.

U.S. real estate research firm, released on August 12 in July Housing Report missing ransom, said in July the nation's total of 325,000 housing into the loss of redemption procedures, including the repayment notice of default, auction and bank recovery plan. This figure compared with an increase of 4% in June, an average of every 397 U.S. homes have one affected. The report said that the nation entered the number of homes lost consecutive redemption program 17 months or more remain at 300,000.

It is noteworthy that in July the national lending institutions and banks to recover by the number of homes with more than 93,000 buildings, more than in June increased by 9%, compared with an increase of 6% over the same period last year. This figure compared with only 93,700 in May this year, the highest level in the low 1%, almost set a new record of history. The company's senior vice president of Likeshajia analyzed that if this trend continued, by the end of the number of homes by banks will recover exceeded a million. He said: \>

will experience long-term unemployment is devastated

Pew Research Center released the latest survey, the economic crisis led to large-scale unemployment, economic and mental groups are Tongku; and long-term unemployed individuals in the economic situation will,cheap mbt lami, emotion and confidence in respect of employment caused by a deeper negative impact. Pew Research Center said the survey, compared with the short time of losing his job, long-term unemployed person will become a more profound economic and even emotional impact. The survey found that people who work long hours can not find in addition to loss of income, but also more likely to lose a friend, loss of self-esteem.

the center, said Paul Taylor, executive vice president, long-term unemployed did suffer more damage. He said: \greater impact. For example, those in the recession unemployed for 6 months or longer, the number in about 44% said a recession seriously affected their lives; in short-term unemployed, only 3 percent people say. \

Bureau of Labor Statistics data show that in June 2010, the unemployed lose their jobs, the median duration of 25.5 weeks, the equivalent of almost half of the unemployed had been searching for over 6 months or longer. The previous record was in May 1983 when 12.3 weeks. Now that figure is less than half. Data released by the government can see that the crisis in a remarkable as Gao Shi Yelv, Qi Zhong unemployed 6 months or more of Ren Zhang Shijian special multi, Zhan unemployed population of about half. This is the beginning of World War II statistics from the Bureau of Labor Statistics data in this respect since the ratio of the highest.

Pew Research Center nationwide this year on the 810 in 18 to 64-year-old unemployed were investigated. The Centre incorporates the findings and analysis of Bureau of Labor Statistics data, the author of the report. The report found that 56% of the long-term unemployed, their family income fell during the recession, and unemployment below 3 months and did not say that the proportion of the unemployed were only 42% and 26%. Taylor said: \This gives us the question: how and when they can re-enter the job market? will affect their future years, even decades of his career? \

Pew Research Center suggested that the U.S. government should focus on solving the problem of unemployment, especially long-term unemployed people to solve the problem.

(Editor: Ling Chen)

(This article Source: People's Network)