It’s not rocket science – look at a state like Arizona at $240/week max unemployment.
Median rent for a *studio* is over $1,200/mo. Now add groceries, car insurance, insurance, electric, etc as your bare minimums and hope it paints the picture. t.co/xqdgnif1On pic.twitter.com/efQ26LQO2v
— Don Johnson (@DonMiami3) September 20, 2024
Job losers (people that get laid off) increased by 7k last month in California, but continuing claims have been dropping. People can’t find a job before their unemployment benefits end. This is where unemployment benefits should get extended. Not exactly a good for reason jobless… pic.twitter.com/25erXF4OEX
— Warn Tracker 2.0 (@j77324) September 20, 2024
Here’s data from the Cleveland Fed for posterity, for the claims clowns pic.twitter.com/mYuND636TE
— Don Johnson (@DonMiami3) September 21, 2024
According to a report by Challenger, Gray & Christmas, layoffs in August reached their highest level for the month in 15 years, with 75,891 job cuts announced. This figure represents a 193% increase from July. Additionally, year-to-date hiring has hit its lowest point in 19 years.
Sources:
www.forexfactory.com/news/1302573-us-layoffs-jump-in-august-while-hiring-in