Nancy Pelosi famously claimed that unemployment benefits are “one of the biggest stimuluses to our economy” that “creates jobs faster than almost any other initiative you can name.” Continuing to suggest as much, some have decried the ...
While it operated, the Emergency Unemployment Compensation (EUC) program provided record amounts of financial assistance to over 24 million long-term unemployed individuals. The EUC program provided record weeks of unemployment benefits per person (a total of up to 99 weeks of all unemployment benefits in many states, far ...
Rhetoric"[Sen. Jack] Reed said he had consulted with state officials to vet potential problems. ‘We have been talking to the state administrators, and they have not raised any significant issues,’ he said.” -CQ, March 19, ...
White House Two Months Ago: Decline in labor force participation increases inequality (i.e. the “defining challenge of our time”) and is a sign of a not ...
THENOctober 2009 - unemployment rate 10.0%; debt $7.5 trillionWhen an extension of federal unemployment benefits was paid for, the Obama Administration supported in a
Rhetoric“A well designed recovery plan will not only create numerous jobs, but also many jobs paying good wages and providing full-time employment.”Obama Administration’s “Romer-Bernstein Report” on the supposed job effects of their trillion-dollar 2009 stimulus plan.
In the wake of recessions, the Federal ...
Economists say the 2007-09 recession officially ended in June 2009. Yet, as the fifth year of the “Obama Recovery” begins, American workers are facing another discouraging Labor Day. Let’s take a look at some of the hallmarks of the “Obama Recovery”: ...
The headlines citing last week’s jobs report as the lowest unemployment rate in years may have been technically accurate, but they are also reminders that looks can be deceiving. The reality, as you dig into the latest jobs data, reveals that few are finding the full-time ...
Then“US President Barack Obama vowed Saturday to work tirelessly to get unemployed Americans back to work now that new statistics have shown a slight improvement on the job creation front. ‘My commitment to you, the American people, is that I will focus every single day on how we can get people back to work, and ...