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I wonder if the drop in unemployment is a result of Congress not extending the longterm unemployment benefits. Those who exhausted their benefits would be dropped out of the workforce, statistically speaking, resulting in a reduce unemployment rate.
Longterm unemployment handouts only harm people. Empkoyers don't want to hire people who haven't worked in years. The quicker people get back to work, the better. The short term unemployed find jobs a lot more quickly than someone who has been getting extension after extension.
I wonder if the drop in unemployment is a result of Congress not extending the longterm unemployment benefits. Those who exhausted their benefits would be dropped out of the workforce, statistically speaking, resulting in a reduce unemployment rate.
Yet another reason why the Unemployment Rate is an increasingly useless statistic. When you have a long list of rules about how counts and who doesn't, how can you ever hope to be accurate?
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