Note: The following comes courtesy of the Joint Economic Committee of the United States Congress that includes:
- Senator Jim Webb of Virginia
- Senator Mark Warner of Virginia
EMPLOYMENT OPPORTUNITIES REMAIN SCARCE.
The latest data from the Bureau of Labor Statistics show that there are 5 unemployed workers for every one job opening. Despite the high unemployment rate, the Senate failed to extend unemployment insurance benefits, causing an estimated 1.7 million unemployed workers to lose benefits before the July 4th recess is over (read more here).