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	<title>unemployment &#8211; American Business Blog</title>
	<atom:link href="https://www.americanbusinessblog.com/tag/unemployment/feed/" rel="self" type="application/rss+xml" />
	<link>https://www.americanbusinessblog.com</link>
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	<lastBuildDate>Thu, 25 Oct 2012 17:21:12 +0000</lastBuildDate>
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		<title>Jobless claims settle down</title>
		<link>https://www.americanbusinessblog.com/2012/10/25/jobless-claims-settle-down/</link>
		
		<dc:creator><![CDATA[Staff]]></dc:creator>
		<pubDate>Thu, 25 Oct 2012 17:21:12 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[great depression]]></category>
		<category><![CDATA[jobless claims]]></category>
		<category><![CDATA[jobs trend line]]></category>
		<category><![CDATA[Obama stimulus]]></category>
		<category><![CDATA[stimulus package]]></category>
		<category><![CDATA[unemployment]]></category>
		<guid isPermaLink="false">https://www.americanbusinessblog.com/?p=295</guid>

					<description><![CDATA[Take a look at this chart. This alone should provide clear evidence that the Obama stimulus worked to stem job losses and stop a great depression. The jobs market has steadily improved since. It still has a way to go, but the trend line is absolutely clear.]]></description>
										<content:encoded><![CDATA[<p><a href="https://www.americanbusinessblog.com/wp-content/uploads/2012/10/jobless_claims_10-25-12.jpeg"><img decoding="async" fetchpriority="high" src="https://www.americanbusinessblog.com/wp-content/uploads/2012/10/jobless_claims_10-25-12.jpeg" alt="" title="jobless_claims_10-25-12" width="477" height="243" class="aligncenter size-full wp-image-296" srcset="https://www.americanbusinessblog.com/wp-content/uploads/2012/10/jobless_claims_10-25-12.jpeg 477w, https://www.americanbusinessblog.com/wp-content/uploads/2012/10/jobless_claims_10-25-12-300x152.jpg 300w" sizes="(max-width: 477px) 100vw, 477px" /></a></p>
<p>Take a look at this <a href="http://www.dailykos.com/story/2012/10/25/1149901/-First-time-claims-for-unemployment-benefits-settle-down-after-two-weeks-of-wild-swings" target="_blank">chart</a>. This alone should provide clear evidence that the Obama stimulus worked to stem job losses and stop a great depression. The jobs market has steadily improved since. It still has a way to go, but the trend line is absolutely clear. </p>
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			</item>
		<item>
		<title>CBO says stimulus package boosted the US economy</title>
		<link>https://www.americanbusinessblog.com/2010/11/24/cbo-says-stimulus-package-boosted-the-us-economy/</link>
		
		<dc:creator><![CDATA[Staff]]></dc:creator>
		<pubDate>Wed, 24 Nov 2010 19:53:38 +0000</pubDate>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[CBO]]></category>
		<category><![CDATA[Congressional Budget Office]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[stimulus package]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[unemployment rate]]></category>
		<guid isPermaLink="false">https://www.americanbusinessblog.com/?p=67</guid>

					<description><![CDATA[Democrats have taken a lot of heat for the stimulus package, and public perception of the package certainly hurt Democrats in the midterm elections. But we&#8217;re getting more evidence that the stimulus worked, as the CBO has come out with a new report about the impact of the package. The massive U.S. stimulus package, widely [&#8230;]]]></description>
										<content:encoded><![CDATA[<p>Democrats have taken a lot of heat for the stimulus package, and public perception of the package certainly hurt Democrats in the midterm elections.</p>
<p>But we&#8217;re getting more evidence that the stimulus worked, as the CBO has come out with a <a href="http://www.cnbc.com/id/40357891" target="_blank">new report</a> about the impact of the package.</p>
<blockquote><p>The massive U.S. stimulus package, widely panned by voters, injected life into the otherwise-sluggish economy between July and September, the nonpartisan Congressional Budget Office said Wednesday.</p>
<p>The American Recovery and Reinvestment Act put between 1.4 million and 3.6 million to work in the third quarter of this year, a time when more than 15 million Americans were unemployed, CBO said.</p>
<p>It also boosted national output by between 1.4 percent and 4.1 percent during that time, the CBO said.</p>
<p>During the third quarter, the economy grew by an annual rate of 2.5 percent. Economists say a rate faster than 3 percent is needed to make any noticeable dent in unemployment.</p></blockquote>
<p>Here&#8217;s even more impressive data.</p>
<blockquote><p>The unemployment rate, currently 9.6 percent, would have been between 10.4 percent and 11.6 percent without the Recovery Act, the CBO said.</p>
<p>The stimulus created the equivalent of 2 million to 5.8 million jobs during the third quarter as part-time workers shifted to full-time work, or employers offered more overtime work.</p></blockquote>
<p>The Obama administration made the fateful error of predicting that the stimulus package would prevent unemployment from going over 8%, and that hurt the public perception of the package.</p>
<p>It&#8217;s clear, however, that the stimulus package helped to save the US economy. </p>
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