Tuesday, January 14, 2014
"What happens when jobless benefits are cut? North Carolina may offer clues"
Statistics seem to show something different than the "conventional wisdom" that the media reports on the subject of unemployment benefits.
To be honest, I don't think anyone really knows what influences what...
On the MarketWatch.com blog, Jeffry Bartash writes about the issue:
"Last summer, North Carolina slashed the amount of cash it gave to people after they lost their jobs and the state also reduced the number of weeks they could receive benefits. Within several months, the unemployment rate fell a few ticks and by November it fell to a five-year low. Similar though less dramatic declines occurred in Georgia and South Carolina after they made benefits less generous starting in 2012."
