Thursday, July 24, 2014

Fed study: Shorter jobless benefits lead to higher employment

Egad! And it took how much taxpayer funding to discover something that should be common sense?
BizTalk: If unemployment benefits were cut off earlier in 2013, the long-term unemployed would have been more likely to be re-employed, according to a study by the Federal Reserve Bank of St. Louis.

If the benefits, called the Emergency Unemployment Compensation program, expired earlier in 2013, “workers with 46 or more weeks of continuous unemployment would have been 1.2 to 2.1 percentage points more likely to become re-employed,” the St. Louis Fed reported. ...

Here is a summary and the full report.
Yes, if you cut the spigot of welfarism off, more people will learn to swim.

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