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Democrats Won't Like Why The Job Market Is So Hot
Bi - The Economist ^ | 1-31-2015 | The Eonomist

Posted on 01/31/2015 3:50:52 PM PST by blam

The Economist
January 31, 2015

America's labour market boomed in 2014. By December there were 3m more people in work than a year earlier. Unemployment was 1.1 percentage points lower. The ratio of jobseekers to openings fell from a peak of seven to one in 2009 to two to one in November 2014. What was behind this? The answer in a new study will not please Democrats.

The job market is hot largely because of a cold-hearted Republican reform, it concludes. Before the financial crisis, jobless workers in most states qualified only for 26 weeks of unemployment benefits. In June 2008 that was extended, thanks to a new federal Emergency Unemployment Compensation (EUC) programme. By the end of 2013 the average unemployed American could expect benefits to last 53 weeks; in three states they could get 73 weeks' worth.

The study looks at what happened after Congress refused to reauthorise EUC in December 2013. The average limit on benefits plunged to 25 weeks, cutting off roughly 1.3m Americans immediately. Republicans argued that this would push people back into work.

Several economists disagreed. Michael Feroli of J.P. Morgan predicted that many jobless Americans, no longer required to seek work as a condition of receiving benefits, would drop out of the labour force entirely. Researchers at the Economic Policy Institute, a leftish think-tank, said the cuts would destroy 310,000 jobs by dampening demand.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: economy; investing; jobs; socialists
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To: SaveFerris

They all get talking points from whitehouse.


21 posted on 01/31/2015 5:56:15 PM PST by ully2
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To: blam

Obama is just one of the drones.. in the hive..

Washington D.C. is all commies...... all the time..
Thousands of them... barfing a deadly honey..

The Collective is unified.. resistance is futile..

UNLESS you remove the power from their COLD DEAD HANDS..


22 posted on 01/31/2015 6:11:26 PM PST by hosepipe (" This propaganda has been edited (specifically) to include some fully orbed hyperbole.. ")
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To: blam

Work has increased if you were in oil/retrieval technology related industries.

That is dying rapidly now thanks to our pals in Saudi Arabia.


23 posted on 01/31/2015 7:12:07 PM PST by Caipirabob (Communists... Socialists... Democrats...Traitors... Who can tell the difference?)
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To: blam

Those darn Republicans, heartlessly putting people to work.


24 posted on 01/31/2015 7:39:53 PM PST by TBP (Obama lies, Granny dies.)
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To: P-Marlowe

“Based on rush hour traffic where I live, there are a whole lot more people working now than 2 years ago.”

Possibly, or perhaps it’s the same number of people but now working two jobs yet still making the same total (or less) take home pay. The increase in traffic? You have to get to that other job.


25 posted on 01/31/2015 8:46:35 PM PST by Rembrandt (Part of the 51% who pay Federal taxes)
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To: ully2

They must. This stuff is beyond ridiculous.


26 posted on 01/31/2015 8:49:50 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...
The job market is hot largely because of a cold-hearted Republican reform, it concludes. Before the financial crisis, jobless workers in most states qualified only for 26 weeks of unemployment benefits. In June 2008 that was extended, thanks to a new federal Emergency Unemployment Compensation (EUC) programme. By the end of 2013 the average unemployed American could expect benefits to last 53 weeks; in three states they could get 73 weeks' worth. The study looks at what happened after Congress refused to reauthorise EUC in December 2013.

27 posted on 02/01/2015 1:51:50 AM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: blam
I got this far:

America's labour market boomed in 2014

and began                 which is hard on my back this early on a Sunday morning.

28 posted on 02/01/2015 3:46:09 AM PST by tomkat
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To: wally_bert
Hot?

Above gelid and below tepid is the new "hot"...

29 posted on 02/01/2015 4:02:58 AM PST by trebb (Where in the the hell has my country gone?)
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To: mylife

Good one!


30 posted on 02/01/2015 6:55:26 AM PST by GoldenPup
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To: GoldenPup

31 posted on 02/01/2015 7:26:07 AM PST by mylife
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To: fella

I have a co-worker that seems to be gunning for disability with obesity/health issues; she hates her job, but sees no other way out. She has no job skills, speaks ghetto English, and is only working there because she applied for the job before the economy collapsed (when nobody else would consider accepting it).

I look forward to her departure; she is quickly growing.


32 posted on 02/01/2015 9:00:26 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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