Jobless Claims!

Can’t believe what I read not to long ago about the amount of people out of work. It was reported by The Labor Department that the jobless claims are well in the millions, or 10 percent of the workforce. This amount of claims is way more than what analysts had predicted a year ago. Analysts had figured that the amount would be around 8 percent, boy where they off by a ton. I also read that we haven’t seen this amount of people out of work since 1982. This deep recession is hurting a lot of people right now. I sure President Obama comes up with a plan very soon, because we need it now. With all these people out of work they’re hurting in other ways as well. These people are losing their insurance online, healthcare plans, and everything else. Some of these people out of work are doing what I’m doing, looking for insurance online to find the best rates to get covered. Anyway, these are just people claiming unemployment insurance, how many people are really out of work is anyone’s guess at this point.

Stabilization!

It looks like the economy is finally showing signs of improvement. One of the signs is that jobs are starting to come back. We’re starting to see employers doing more employee screening, which is a huge sign. And the stock market is starting to signs of improvement. The markets are no longer going up and down by huge amounts, it’s stabilizing. With stabilization right around the corner we’ll be out of this recession completely. And one that happens we all can get our lives back on track. And once that happens we all can sleep a little better, I know I will.

Still Hoping!

Do you thing we’re still in a typical recession? If you answered yes, you would be wrong. According to data, and experts in this are there is nothing typical about it. The world markets today are even show signs of trouble. In a typical recession, stocks will improve first, then jobs will come back, this takes about six months. Every time bad news or reports come out the markets drop, just because people get woried. We need more good news and results from the economy to turn the markets around. We need good reports from just about every industry out there. Right now the Insurance Industry is getting hit pretty hard. People are losing their jobs, which means there losing their health care, life insurance and even car insurance. These are only a few insurance products I have listed; there are a lot more out there. Sooner or later people will start to seek out a new life insurance rates, healthcare and auto insurance, but only when they find work. So let’s hope for some go reports on the economy this week.

Getting Cut!

I was just reading that new CEO of American International Group, Robert Benmosche stated that he’s “done.” He made this comment to the AIG board because the U.S Government had ordered to cut top executives salary and bonuses in half. I personally think he does need to go. He needs to understand that we bailed out AIG to the toon of $182 billion, with more to come. I read that we own 80% of AIG, so we have the right to cut pays and perks. I do understand that AIG could, and chances are they will lose top executives, but then again some caused the problems. So I say let them go, they’ll have a hard time finding work making the same amount of money. I hope all their perks are taken away as well. If they want a gym membership they can buy their own, or get a dip machine top work out at home. I so tired of company’s like AIG, they seem to have forgot why their still in business. We should of taken control of all banks that were in trouble, because their out of control again. In a few more years we’ll see this all over again, wait and see.