Word: joblessly
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...eligibility rules for jobless benefits simply haven't been adapted to the growth in the part-time and highly mobile work force. "There is a huge group falling through the cracks for whom there is no safety net today," said House Democratic leader Richard Gephardt of Missouri. "They're not getting the $400 or $600 a month in unemployment benefits, much less any help on their health care...
...rising unemployment--President Bush's pitch for an extra $3 billion to extend benefits in some states for eligible workers to 39 weeks from 26--offers no help to part-timers or short-timers. In early October a bipartisan group in the House of Representatives introduced legislation to extend jobless benefits to more low-wage and part-time workers, but so far it has attracted little support...
Some economists are worried that the hardship suffered by these invisible jobless could worsen the economic slump as they cut back their spending on everything from clothing to car payments. "Any stimulus package that doesn't reach these workers who are buffeted by the recent changes needs to be altered so that it does," says Jared Bernstein, a labor economist at the Economic Policy Institute, a union-backed think tank in Washington...
...long rates stay down, millions of homeowners will get a chance to refinance mortgages and cut their monthly costs. Many will take out cash when they refinance and use it to pay off credit-card debt or start a home improvement. The jobless rate, while a point higher than it was last October, remains remarkably low--just below the 5% considered "full employment" only a few years ago. Inflation remains tame. And the dollar, weaker last week against the yen and the euro, will make U.S. exports more attractive...
...might have been expected. Well, the vacation is over. The dollar's value has been pounded by the euro and the Japanese yen. After showing signs of recovery earlier in the week, the dollar fell sharply against both currencies last Friday on concerns that a spike in the U.S. jobless rate may hurt consumer confidence. If the dollar's weakness continues, it will not only have an effect on your next trip, it could eventually hurt your portfolio...