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Unemployment Insurance – An Election Safety Net?

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The past week of electioneering and the unemployment figures released midweek by the Office of National Statistics, paint a gloomy future for many currently employed in the Public Sector and jobs that rely on Government Funding.

Whatever the outcome of the General Election on May 6th, there is risk in all the policies pursued and in the unlikely event of the Conservative Party winning an overall majority, six billion pounds of spending cuts would put thousands of public sector, particularly those in the health service, jobs at risk. Read the rest of this entry »

Unemployment Rates Continues to Rise

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unemploymentThe U.S unemployment rate is at a 26 year high of 9.7%, according to the most recent update by the Bureau of Labor Statistics. Last month, there were 216,000 nonfarm payrolls lost, marking the 20th straight month of decline.

As more Americans lose their jobs, it’s important for them to remember not to cancel their insurance policies in an attempt to save money. More and more uninsured drivers are hitting the roadways as more people continue to drop car insurance coverage. What many don’t realize is that if they get into an accident when they don’t have insurance, they will be in deeper financial trouble than if they continued to have car insurance. Read the rest of this entry »