The Jobs Crisis: Not Everyone is Feeling the Pain

Source- USW Rapid Response

While our nation struggles with a whopping unemployment rate of nearly 10 percent, with four out of every 10 unemployed Americans among the long-term unemployed (more than 27 weeks), there are some people who continue to do just fine:

* Wall Street paid $20.3 billion in bonuses in 2009.  That’s a 17 percent increase in one year.

* At Goldman Sachs, JPMorgan Chase & Co. and Morgan Stanley – three of the biggest banks’ compensation was up 31 percent in 2009.

* The average taxable bonus on Wall Street was nearly $124,000 last year.

* The five biggest health insurance companies reaped $12.2 billion in profits in 2009 – a 56% increase over the year before.

* The 400 richest households in the U.S. saw their income more than double since President Bush’s tax cuts in 2005.

* These households have more wealth than 155 million Americans combined.

* The number of U.S. millionaires rose by 16 percent last year. Those worth five million or more jumped by 17 percent.


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