Saturday, May 30, 2015

Why keep Extending Unemployment Insurance?

               
The unemployed tend not to look for employment energetically until unemployment insurance is ready to run out. So extending the periods of insurance during recessions may appear compassionate, but makes unemployment statistics more acceptable than they would ordinarily be.
                       
In addition, many jobs may be part time or temporary during recessions. Employers are unable to hire permanent help, or fear hiring because of rising costs and taxes.This adds to the confusion.
                       
So we constantly measure apples and oranges and produce questionable numbers that the media loves to repeat as gospel. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)

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