Tag: joblessness
Extend Unemployment Benefits? Politics Versus Economics

Unemployment benefits normally can be collected for 26 weeks, but currently they can be collected for up to 99 weeks in certain hard-hit areas. The House of Representatives has approved the continuation of extended benefits, but Senate Republicans have, so far, kept the extension from passing the Senate. One can argue the merits of...
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Will the Real Rate of Unemployment Please Stand Up

As the recession has deepened and the rate of unemployment has risen, a number of commentators have sought, for various reasons, to portray the situation as far graver than the “official” rate of unemployment indicates. Some of these commentators charge that the government is deliberately misrepresenting the amount of unemployment and that the “real”...
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Broken-Window Alert

How many jobs has the “stimulus” package created? Sensible economists of course know this question cannot possibly be answered. Government spending directs resources toward politically favored projects at the expense of others, but the net effect on resource allocation, including the net effect on “jobs”—a heterogeneous category that depends on hours worked, job characteristics,...
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Obama’s Stimulus Credibilty Gap on Unemployment

The House Republican Conference has just released the following graph on the unemployment effects of Barack Obama’s “stimulus” package: Also, please see the following, award-winning Independent Institute book: Out of Work: Unemployment and Government in Twentieth-Century America, Updated Edition By Richard K. Vedder and Lowell E. Gallaway, Foreword by Martin Bronfenbrenner (New York University...
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