Last December I'd stumbled across this interactive map put up by the PEW foundation, which had gathered each state's research on how many people were unemployed long termed, and how many were slipping off the roles this upcoming year...
What I want to show below, is how the economic consequences of not continuing unemployment benefits, on a state by state basis impact the economies of where you live.
The unmentioned economic cost is not something to ignore....As an example you may remember how
Walmart is reeling from the Republican food stamps (SNAP) cutbacks made last November. Having a big portion of their customers drop out of the economy, jolted them last quarter, and certainly may put them under this quarter as well...
In doing this comparison, I noticed the numbers for my state were estimated under actual... PEW low-balled in December what Delaware actually reported in January by about 10%...
Therefore these numbers should be considered baseline conservative estimates only, and very believable.. If they shock you, the reality is probably much worse....
As you know, those already on long termed unemployment stopped receiving benefits on December 28th of last year. Subsequently each week, every state has some members on its state's active unemployment roles who expire, and normally would get dumped into the federal program and continue being able to contribute to our economy while they look for work...That number gets bigger each week...
The idea occurred to me (and I did a piece on my own state), that we could figure the economic damage relatively easily by finding the number unemployed, calculating their worth by extending by the average pay check amount, and applying a multiplier to account for the increase economic activity which that unemployment creates.
(These multipliers are all over the map. The Dept of Labor predicts a
2.0 multiplier. and Moody's predicts a
1.55 multiplier... Every dollar given through unemployment, creates $2.00 (1.55) in overall economic benefit as it continues to filter up the economic ladder to the top....)
So I took it upon myself to show how many people were initially cut, how many more increased the totals weekly, how much economic loss this costs each state, and where the states will be at the end of this week, the beginning of March...
Furthermore, if one would find that 3,000 are getting the boot, and if the state is not showing 3000 new hires, we are creating a large class of people who will soon be creating very costly and large problems, stemming from simply the necessity of their coping with survival....
Call it our Third World Quotient. (I used
this source for each state's unemployment benefit) The states are listed alphabetically.
=
Alabama 12.100 lost benefits on Dec. 28th. 925 added each week. Total off roles as of March 1st 20,425 @ $265 Alabama benefit = now hitting with impact of $5.4 million per week. March 1st -Dec.28th Cumulative Lost Income Damage.
$43.9 million. Times 1.55 Multiplier effect, $68,045,000 dollars...
Alaska 23,300 lost benefits on Dec. 28th. 448 added each week. Total off roles as of March 1st =27,332 @ $442 Alaska benefit = now hitting with impact of $24.1 million per week. March 1st -Dec.28th cumulative Lost Income Damage = $111.9 million Times 1.55 Multiplier effect, $ 173,439,916 dollars
Arizona 17,100 lost benefits on Dec. 28th. 1288 added each week. Total off roles as of March 1st = 28,962 @ $240 Arizona benefit = now hitting with impact of $6.9 million per week. March 1st -Dec.28th cumulative Lost Income Damage = $55 million Times 1.55 Multiplier effect. $
85,173,120 dollars
Arkansas 9,300 lost benefits on Dec 28th. 775 added each week. Total off roles as of March 1st = 16,275 @ $ 451 Arkansas benefit = now hitting with an impact of $ 7.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $57.6 million times 1.55 Multiplier effect $89,39,018 dollars.
California 214,800 lost benefits on Dec 28th. 16,078 added each week. Total off roles as of March 1st = 359,502 @ $ 450 California benefit = now hitting with an impact of $161 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $1.29 billion times 1.55 Multiplier effect $
2,002,878,225 dollars.
Colorado 17,900 lost benefits on Dec 28th. 1400 added each week. Total off roles as of March 1st = 30,500 @ $ 466 Colorado benefit = now hitting with an impact of $14.2 million per week.. March 1st -Dec.28th cumulative Lost Income Damage $37.7 million times 1.55 Multiplier effect $ 58,434,070 dollars.
Connecticut 26,000 lost benefits on Dec 28th. 1636 added each week. Total off roles as of March 1st = 35816 @ $ 665 Connecticut benefit = now hitting with an impact of $23.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $221.8 million times 1.55 Multiplier effect $ 343,878,815 dollars.
Delaware 3600 lost benefits on Dec 28th. 265 added each week. Total off roles as of March 1st = 5985 @ $330 Delaware benefit = now hitting with an impact of $ 2.0 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $15.8 million times 1.55 Multiplier effect $ 24,513,637 dollars.
Florida 73,000 lost benefits on Dec 28th. 5007 added each week. Total off roles as of March 1st = 118,063 @ $ 275 Florida benefit = now hitting with an impact of $ 32.5 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $262.7 million times 1.55 Multiplier effect $ 407,203,018 dollars
Georgia 54,400 lost benefits on Dec 28th. 3167 added each week. Total off roles as of March 1st = 82,903 @ $ 330 Georgia benefit = now hitting with an impact of $ 27.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 184.4 million times 1.55 Multiplier effect $ 285,851,775 dollars
Hawaii 1900 lost benefits on Dec 28th. 255 added each week. Total off roles as of March 1st = 4195 @ $ 534 Hawaii benefit = now hitting with an impact of $ 22.4 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $16.2 million times 1.55 Multiplier effect $ 25,224,157 dollars.
Idaho 2600 lost benefits on Dec 28th. 390 added each week. Total off roles as of March 1st = 29,510 @ $ 357 Idaho benefit = now hitting with an impact of $ 10.5 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 15.5 million times 1.55 Multiplier effect $ 24,098,392 dollars
Illinois 64,300 lost benefits on Dec 28th. 4432 added each week. Total off roles as of March 1st = 104,188 @ $ 560 Illinois benefit = now hitting with an impact of $ 58.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $471.7 million times 1.55 Multiplier effect $ 731,237,920 dollars
Indiana 19,200 lost benefits on Dec 28th. 1332 added each week. Total off roles as of March 1st = 31,188 @ $ 390 Indiana benefit = now hitting with an impact of $ 12.1 million per week.. March 1st -Dec.28th cumulative Lost Income Damage =$98.2 million times 1.55 Multiplier effect $ 152,297,730 dollars
Iowa 4300 lost benefits on Dec 28th. 682 added each week. Total off roles as of March 1st = 10,438 @ $ 481 Iowa benefit = now hitting with an impact of $ 5.0 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $35.4 million times 1.55 Multiplier effect $ 54,939,579 dollars
Kansas 4400 lost benefits on Dec 28th. 678 added each week. Total off roles as of March 1st = 10,502 @ $ 456 Kansas benefit = now hitting with an impact of $4.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $34 million times 1.55 Multiplier effect $ 52,663,668 dollars
Kentucky 18,000 lost benefits on Dec 28th. 1023 added each week. Total off roles as of March 1st = 27,207 @ $ 415 Kentucky benefit = now hitting with an impact of $ 11.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $93.8 million times 1.55 Multiplier effect $ 145,397,013 dollars.
Louisiana 6800 lost benefits on Dec 28th. 584 added each week. Total off roles as of March 1st = 12,056 @ $ 247 Louisiana benefit = now hitting with an impact of $ 3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 23.2 million times 1.55 Multiplier effect $ 36,095,098 dollars.
Maine 3000 lost benefits on Dec 28th. 348 added each week. Total off roles as of March 1st = 6132 @ $ 550 Maine benefit = now hitting with an impact of $ 3.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $25.1 million times 1.55 Multiplier effect $ 38,925,150 dollars
Maryland 22,900 lost benefits on Dec 28th. 1588 added each week. Total off roles as of March 1st = 37,192 @ $ 470 Maryland benefit = now hitting with an impact of $ 17.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $141.2 million times 1.55 Multiplier effect $ 218,885,110 dollars.
Massachusetts 33,000 lost benefits on Dec 28th. 2711 added each week. Total off roles as of March 1st = 57,399 @ $ 674 Massachusetts benefit = now hitting with an impact of $38.6 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $304.6 million times 1.55 Multiplier effect $ 472,199,176 dollars.
Michigan 43,800 lost benefits on Dec 28th. 3648 added each week. Total off roles as of March 1st = 76,632 @ $ 392 Michigan benefit = now hitting with an impact of $ 30 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $236 million times 1.55 Multiplier effect $ 365,872,416 dollars.
Minnesota 8500 lost benefits on Dec 28th. 1259 added each week. Total off roles as of March 1st = 19,831 @ $393 Minnesota benefit = now hitting with an impact of $ 7.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $25.6 million times 1.55 Multiplier effect $ 39,689,168 dollars.
Mississippi 13,400 lost benefits on Dec 28th. 257 added each week. Total off roles as of March 1st = 15713 @ $ 235 Mississippi benefit = now hitting with an impact of $ 3.7 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $34.2 million times 1.55 Multiplier effect $ 53,022,051 dollars.
Missouri 19,800 lost benefits on Dec 28th. 1625 added each week. Total off roles as of March 1st = 34,425 @ $ 320 Missouri benefit = now hitting with an impact of $ 11 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $86.7 million times 1.55 Multiplier effect $ 134,478,000 dollars.
Montana 1400 lost benefits on Dec 28th. 275 added each week. Total off roles as of March 1st = 3875 @ $ 446 Montana benefit = now hitting with an impact of $ 1.7 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $11.7 million times 1.55 Multiplier effect $ 18,233,037 dollars.
Nebraska 4400 lost benefits on Dec 28th. 680 added each week. Total off roles as of March 1st = 10,520 @ $ 362 Nebraska benefit = now hitting with an impact of $ 3.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 27 million times 1.55 Multiplier effect $ 41,858,060 dollars.
Nevada 17,600 lost benefits on Dec 28th. 1313 added each week. Total off roles as of March 1st = 29,417 @ $402 Nevada benefit = now hitting with an impact of $ 11.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 94.5 million times 1.55 Multiplier effect $146,481,463 dollars.
New Hampshire 4500 lost benefits on Dec 28th. 163 added each week. Total off roles as of March 1st = 5967 @ $427 New Hampshire benefit = now hitting with an impact of $ 2.5 million per week.. March 1st -Dec.28th cumulative Lost Income Damage =$22.3 million times 1.55 Multiplier effect $ 34,637,919 dollars.
New Jersey 90,300 lost benefits on Dec 28th. 5001 added each week. Total off roles as of March 1st = 135,309 @ $ 637 New Jersey benefit = now hitting with an impact of $ 86.2 million per week.. March 1st -Dec.28th cumulative Lost Income Damage =$ 718.5 million times 1.55 Multiplier effect $ 1,113,775,230 dollars.
New Mexico 6000 lost benefits on Dec 28th. 490 added each week. Total off roles as of March 1st = 10,410 @ $507 New Mexico benefit
now hitting with an impact of $ 5.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $41.6 million times 1.55 Multiplier effect $ 64,478,992 dollars.
New York 127,100 lost benefits on Dec 28th. 7365 added each week. Total off roles as of March 1st
193,385 @ $ 405 New York benefit = now hitting with an impact of $ 78.3 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $649 million times 1.55 Multiplier effect $ 1,005,922,293 dollars.
North Carolina 0 lost benefits on Dec 28th. 0 added each week. Total off roles as of March 1st = 0 @ $350 North Carolina benefit = now hitting with an impact of $ 0 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = 0 million times 1.55 Multiplier effect $ 0 dollars. (All Damage to North Carolina was self imposed by their Republican State Legislature.)
North Dakota 300 lost benefits on Dec 28th. 151 added each week. Total off roles as of March 1st = 1659 @ $ 516 North Dakota benefit = now hitting with an impact of $ 856,044 per week.. March 1st -Dec.28th cumulative Lost Income Damage = $1.5 million times 1.55 Multiplier effect $ 2,314,621 dollars.
Ohio 39,100 lost benefits on Dec 28th. 2473 added each week. Total off roles as of March 1st = 61,357 @ $ 546 Ohio benefit = now hitting with an impact of $ 33.5 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 274 million times 1.55 Multiplier effect $ 425,083,795 dollars.
Oklahoma 4500 lost benefits on Dec 28th. 634 added each week. Total off roles as of March 1st = 10,206 @ $ 386 Oklahoma benefit = now hitting with an impact of $ 3.9 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 29.1 million times 1.55 Multiplier effect $ 45,132,714 dollars.
Oregon 20,900 lost benefits on Dec 28th. 1809 added each week. Total off roles as of March 1st = 37,181 @ $ 524 Oregon benefit = now hitting with an impact of $ 19.5 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 53.6 million times 1.55 Multiplier effect $ 83,092,121 dollars.
Pennsylvania 86,900 lost benefits on Dec 28th. 5048 added each week. Total off roles as of March 1st = 132,332@ $ 581 Pennsylvania benefit = now hitting with an impact of $ 76.9 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 636.9 million times 1.55 Multiplier effect $ 987,146,888 dollars.
Rhode Island 4900 lost benefits on Dec 28th. 417 added each week. Total off roles as of March 1st = 8653 @ $703 Rhode Island benefit = now hitting with an impact of $ 6 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $ 47.6 million times 1.55 Multiplier effect $ 73,840,132 dollars.
South Carolina 15,400 lost benefits on Dec 28th. 1007 added each week. Total off roles as of March 1st = 24,463 @ $326 South Carolina benefit = now hitting with an impact of $ 8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $19.8 million times 1.55 Multiplier effect $ 30,679,289 dollars.
South Dakota 200 lost benefits on Dec 28th. 30 added each week. Total off roles as of March 1st = 470 @ $333 South Dakota benefit = now hitting with an impact of $ 156,510 per week.. March 1st -Dec.28th cumulative Lost Income Damage = $1.1 million times 1.55 Multiplier effect $1,729,102 dollars
Tennessee 19,500 lost benefits on Dec 28th. 1519 added each week. Total off roles as of March 1st = 33,171 @ $325 Tennessee benefit = now hitting with an impact of $ million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $85.6 million times 1.55 Multiplier effect $ 132,665,081 dollars.
Texas 68,900 lost benefits on Dec 28th. 5484 added each week. Total off roles as of March 1st = 118,259 @ $ 440 Texas benefit = now hitting with an impact of $ 52 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $411.7 million times 1.55 Multiplier effect $ 638,201,960 dollars.
Utah 2500 lost benefits on Dec 28th. 388 added each week. Total off roles as of March 1st = 5992 @ $479 Utah benefit = now hitting with an impact of $ 2.9 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $20.3 million times 1.55 Multiplier effect $ 31,524,427 dollars
Vermont 600 lost benefits on Dec 28th. 98 added each week. Total off roles as of March 1st = 1482 @ $425 Vermont benefit = now hitting with an impact of $629,850 per week.. March 1st -Dec.28th cumulative Lost Income Damage = $4.4 million times 1.55 Multiplier effect $ 6,857,587 dollars.
Virginia 9700 lost benefits on Dec 28th. 1344 added each week. Total off roles as of March 1st = 21,796 @ $378 Virginia benefit = now hitting with an impact of $ 8.2 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $59.5 million times 1.55 Multiplier effect $ 92,267,532 dollars.
Washington 24.500 lost benefits on Dec 28th. 1809 added each week. Total off roles as of March 1st = 40,781 @ $ 604 Washington benefit = now hitting with an impact of $ 24.6 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $197.1 million times 1.55 Multiplier effect $ 305,580,361 dollars.
West Virginia 6300 lost benefits on Dec 28th. 475 added each week. Total off roles as of March 1st = 10,575 @ $ 424 West Virginia benefit = now hitting with an impact of $4.5 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $35.8 million times 1.55 Multiplier effect $55,451,250 dollars.
Wisconsin 23,700 lost benefits on Dec 28th. 1903 added each week. Total off roles as of March 1st = 40,827 @ $363 Wisconsin benefit = now hitting with an impact of $14.8 million per week.. March 1st -Dec.28th cumulative Lost Income Damage = $117.1 million times 1.55 Multiplier effect $ 181,530,582 dollars.
Wyoming 600 lost benefits on Dec 28th. 128 added each week. Total off roles as of March 1st = 1752 @ $ 459 Wyoming benefit = now hitting with an impact of $ 804,168 per week.. March 1st -Dec.28th cumulative Lost Income Damage = $5.4 million times 1.55 Multiplier effect $ 8,366,652 dollars.
=
If you total up the economic damage to the United States as a whole, it is now (w/e March 1st) $13.3 billion behind in economic activity from where we would have been (if Federal long term unemployment had been included in the budget).... Just for the record, no money is saved to the Federal deficit by cutting this benefit. No money at all. It was already allocated to be spent elsewhere. Furthermore, when a new bill in which unemployment was completely "paid-for" went up in the Senate, Republicans went back on their word and still kept it from passing by imposing the 60 vote filibuster requirement....
Republicans said extended unemployment makes people lazy, and more prone to goof off and live the good life... Such a comment must be taken with the knowledge that at job fairs, the turn-out is 1000 to 1 for all the jobs available. There seem to be no jobs to grab.
The point of this exercise, was instead to show to all, exactly how the Republicans are hurting those at home who ARE working... This is an important part of the economy. The following people do not now get paid. Grocers, bars, car repairs, barbers, salons, gas stations, discount retail, utilities... These take a hit.. They cut back hours...
Hard working men and women have already or will lose hours of paid work, because of these Republican games around extended unemployment. Realistically at this point it will be a certifiable miracle if this bill passes the House... However in all close races throughout 2014, we've just been given a very awesome bludgeon.
Mitch McConnell's opponent in Kentucky should never fail to mention that Mitch McConnell's vote on this issue cost the state of Kentucky $145 million dollars of economic activity in just the first 2 months so far
..... Everyone in Kentucky who gets a pink slip this year, or has their hours cuts, needs to know it was because of Mitch McConnell's vote, that this happened... Their plight would not have happened had Kentucky had a Democrat voting for, instead of against his state's constituent's own self interest.
The Republicans are scared and desperately trying to show they can cut the Federal Deficit, even if that means they spite those who get hurt as they do it to prove their petty point. It's their Bridgegate; effectively saying "How dare you not show us proper respect."
However being that all politics is local, ironically what they are accomplishing is achieving a theoretical ebullient distant philosophical haze of a victory far far away in some marble mausoleum, but one where the horrific consequences of their actions take place right within their own communities, by destroying their constituent's lives....
As you help campaign throughout 2014, don't paint this issue as ... "aw, look at the mean Republicans hurting all the poor people..." Instead, color it as
"Those mean Republicans just took $13.3 billion out of our economy!... They stopped $638 million from coming into Texas! They stopped $407 million from entering Florida! They stopped $92 million from helping Virginia! They stopped $181 million from helping Wisconsin! They stopped $58 million from assisting Colorado! They stopped $285 million from coming into Georgia! Even when it was paid for, they prevented $153 million from helping Indiana....
You see. Even for a
red in a
red's district, it's tough to run on someone else's deficits when you've just kicked those whose votes you need in the mouth and they are
bleeding....
So let's get 'em, tigers. Our prey is wounded and we can catch 'em; this time we track them down all the way in for the kill....