January saw a record low in unemployment numbers, with the average time spent unemployed down 2.8 weeks. A dip in unemployment numbers normally indicates a turn for the better, however, CNN Money shows that these numbers are actually a sign for the worst.
Already at the start of a new year, people are giving up, unable to find work. As unemployment seems to decrease, the job market and employment numbers still hover at the same depths, meaning that the only thing changing is the number of citizens eligible for unemployment benefits. An unemployed citizen must actively seek work as part of the labor market in order to receive benefits. Several states experienced a shift in benefits as people abandoned their search after living in financial desolation.
The startling fact is that the job market and economy are so upside down that the odds are against the American people. Unemployment benefits last up to 73 weeks and more and more, the jobless find themselves taking home less benefits without any promise of better days.
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