Unemployment Drops Despite Obama’s Attempts to Keep it High

The authors compared neighboring counties in adjacent states, and found that states that had the shortest duration of unemployment benefits experienced the strongest labor market recovery. “A 1% drop in benefit duration leads to a statistically significant increase of employment. 1.8 million jobs were created in 2014 due to the benefit cut.” Those 1.8 million jobs represent 1.2% of the U.S. labor force: correlating quite closely to the drop in unemployment over the past year.

What can we learn from all this? Nothing we shouldn’t have already known. If you pay people to stay unemployed, more people will stay unemployed.

Annnnnnd *snap – 2016 can’t get here fast enough.

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