The bill to extend and restore unemployment benefits to out of work Americans now only has to make its way to the White House after Congress passed the legislation by a vote of 272 to 152.
It’s a sign of just how bad it’s been in recent times when it’s taken as good news that the national unemployment rate is still 9.7%, which is what the latest Labor Dept. figures show for February. Also on the silver-lining front, while a net total of 36,000 jobs were lost last month, that’s 14,000 less than had been expected.
A job fair in the South Carolina vacation town of Myrtle Beach was canceled this year because only 30% of the companies usually attending the expo had planned to return. But before you think this is a bleak sign that the recession is getting worse, there’s this fact: 70% of these companies say they are hiring. So why scrap the job fair if almost everyone is looking for employees?