America's labour market boomed in 2014
and began 
which is hard on my back this early on a Sunday morning.
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 ...
They all get talking points from whitehouse.
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..
Work has increased if you were in oil/retrieval technology related industries.
That is dying rapidly now thanks to our pals in Saudi Arabia.
Those darn Republicans, heartlessly putting people to work.
“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.
They must. This stuff is beyond ridiculous.
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.
America's labour market boomed in 2014
and began which is hard on my back this early on a Sunday morning.
Above gelid and below tepid is the new "hot"...
Good one!
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.
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