Posted on 10/03/2014 6:10:03 AM PDT by cotton1706
By refusing to authorize an extension of unemployment benefits, Republicans did more for the unemployed than President Obama and the Democrats have done in 6 years.
The New York Federal Reserve conducted a study of the issue and found that there was a huge increase in the number of job openings in the 6 months following the end of extended benefits - an increase of an astonishing 20%.
Washington Times:
Employers were more willing to create jobs and workers were more willing to take them after the expiration in January of a program entitling unemployed workers to collect nearly two years of benefits.
That’s the conclusion of a study this week by the New York Federal Reserve Bank. It found that the number of new jobs that came open each month exploded by 20 percent to 4.7 million by June, six months after the extended jobless benefits ended.
The rate of new job openings also soared to its prerecession peak of 3.3 percent of all workers just months after Congress allowed the benefits to end after Democrats and Republicans failed to agree on an acceptable way to pay for them.
“Job openings are arguably one of the most important indicators of recovery in the labor market, as they reflect employers’ willingness to hire,” said Fatih Karahan, one of the authors of the Fed study.
(Excerpt) Read more at americanthinker.com ...
It's time we return to the ancient principle: If you will not work, you shall not eat.
It's clear that there were any number of layabouts, who could have worked but didn't bother because they had a check coming in every week from Uncle Sam. Once that stopped coming, they went back to work!
2 Thessalonians 3:10, King James Version:
"For even when we were with you, this we commanded you, that if any would not work, neither should he eat."
The older ones are in McDonald's and WalMart
And Genesis 3:19, by the sweat of your brow shall ye earn your bread.
It’s very American. John Smith told the aristocrats in Jamestown, hey, you need to work too if you want to eat. They worked along with everybody else and Jamestown finally became successful.
So these people still do not have jobs and are looking. However, since they maxed their benefits and can no longer receive their benefits the government no longer counts them. LOL!
People forced to take jobs that hardly pay anything. Great improvement.
Of those that survived LOL
Hello?
Common sense wins again.
But...the labor force participation rate dropped again.
Take a look at the Fed Data Cotton. People have simply left the unemployment roles as benefits expired.
http://www.market-ticker.org/akcs-www?get_gallerynr=5067
Here’s another one.
Labor Participation Rate Drops To 36 Year Low; Record 92.6 Million Americans Not In Labor Force
While by now everyone should know the answer, for those curious why the US unemployment rate just slid once more to a meager 5.9%, the lowest print since the summer of 2008, the answer is the same one we have shown every month since 2010: the collapse in the labor force participation rate, which in September slid from an already three decade low 62.8% to 62.7% - the lowest in over 36 years, matching the February 1978 lows. And while according to the Household Survey, 232,000 people found jobs, what is more disturbing is that the people not in the labor force, rose to a new record high, increasing by 315,000 to 92.6 million!
There's always the exception to the rule....
Have been driving a Propane delivery tanker this year
and been producing toxic CO2 since 1942.
A couple of fender benders and it was mutually agreed upon
I REALLY miss the money ... but happy ... VERY happy ... to home with mama.
Yup, so here’s how this worked.
Unemployment (U3) is calculated by the number of people actively looking for work.
People need to be actively looking for work to collect unemployment benefits.
Republicans cut off those benefits.
Without those benefits a lot of people stopped even cursory efforts at finding work.
In doing so they left the labor force, lowering BOTH the unemployment AND labor force participation rates.
The Republicans actually did a tremendous thing here, by triggering the chain described above they’ve conclusively demonstrated that the Unemployment (U3) numbers are BS. AND they can take credit for the unemployment decline, even though it’s not a good thing, and the Dems can’t do a damn thing about it without admitting that the unemployment (U3) numbers are bogus.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.