Wednesday, April 20, 2011

Jobs in Florida, California, Nevada; Unemployment Benefit Extensions still Needed; Federal Money Needed to Invest in Job Growth in 2011

dow2664

Our nation’s economic growth is of focus and positive sentiment is gleaned from the positively skewed unemployment rate data that has been recently documented. Fewer Americans will be dependent on federal provisions, such as unemployment benefits, according to data from the Labor Department that recently posted. Jobs are growing and less money is required to iinvest in and sustain provisional programs. The Labor Department relayed this week that the unemployment rate has dropped lower in over half of the states across our nation. The unemployment rate has dropped lower in 34 states across the United States according to the Labor Department. March data pertaining to the national unemployment rate posted an overall drop to 8.8 percent as well. Unemployment benefit extensions will be less sought after in many states across the nation as the economy strengthens. A majority of states are beginning to see positive numbers develop pertaining to job growth. Private employers added over 200,000 jobs last month. According to government statistics, New Mexico had the biggest drop in unemployment in March and states like Nevada, California and Florida still maintain higher unemployment rates. Benefit extensions throughout the nation have been placing pressure on federal and state budgets and in states such as California, unemployment benefit amounts can range from $40 to $450. Unemployment benefits and unemployment benefit extensions are designed to help out of work residents stay afloat financially while they search for new work. Economic growth moves forward in 2011 but states like California, Nevada and Florida still have high numbers of residents that require unemployment benefits to get by day to day. Job growth needs to continue to trend in a positive direction to reduce the budgetary burden many states still endure. Author: Stephen Johnson



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