Emergency Unemployment Compensation
One of the most important numbers that comes out each week is the Emergency Unemployment Compensation or "EUC" number. EUC is a federal emergency extension that provides up to 53 additional weeks of unemployment benefits. It is the number of unemployed people in the U.S.A. that have essentially ran out of their state unemployement package and are receiving FEDERAL unemployment benefits! This program is 100% FEDERALLY funded. These people can apply within 2 weeks of their last state unemployment package and see if they can get EUC. Today, this number came out with a WEEKLY increase of 652,000 for a running total of 5,654,544!! Yes, 5.6 MILLION people. Roughly 2-3% of the US population.
Check out this table courtesy of zerohedge
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It is said that one "learns something new everyday". Well, those that know me will tend to agree that there's something "just not right" about the way my mind works. I say it adds character. Regardless of anyone's opinion of me, I thought it would be Worldly worthwhile to share the 1 thing that I learn everyday. Keep these thoughts in your back pocket to use at Social Events. Here goes nothing!!
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