{"id":8885,"date":"2013-12-20T23:52:27","date_gmt":"2013-12-21T04:52:27","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8885"},"modified":"2013-12-20T23:52:27","modified_gmt":"2013-12-21T04:52:27","slug":"what-happens-when-unemployment-benefits-are-cut-north-carolina-offers-a-clue-wsj","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/12\/20\/what-happens-when-unemployment-benefits-are-cut-north-carolina-offers-a-clue-wsj\/","title":{"rendered":"What Happens When Unemployment Benefits Are Cut? North Carolina Offers a Clue | WSJ"},"content":{"rendered":"
\n

Cutting out benefits can reduce the jobless rate in two ways, says Mr. Feroli [Michael Feroli, chief U.S. economist at J.P. Morgan], pointing to past economic literature. Under the employment effect, people will take jobs even if the work pays less than the job seekers want. In the participation effect, people will drop out of the measured workforce since actively seeking a job (a criterion for being labeled officially unemployed) no longer carries an advantage of receiving jobless benefits.<\/p>\n<\/blockquote>\n

Read more at What Happens When Unemployment Benefits Are Cut? North Carolina Offers a Clue – Real Time Economics – WSJ<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cutting out benefits can reduce the jobless rate in two ways, says Mr. Feroli [Michael Feroli, chief U.S. economist at J.P. Morgan], pointing to past economic literature. Under the employment effect, people will take jobs even if the work pays less than the job seekers want. In the participation effect, people will drop out of … <\/p>\n

Continue reading “What Happens When Unemployment Benefits Are Cut? North Carolina Offers a Clue | WSJ”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,34],"tags":[2054,2496,3531,3532],"class_list":["post-8885","post","type-post","status-publish","format-standard","hentry","category-economy","category-us-canada-countries-regions","tag-labor-participation-rates","tag-north-carolina","tag-unemployment","tag-unemployment-benefits"],"yoast_head":"\nWhat Happens When Unemployment Benefits Are Cut? 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Those benefits are set to expire on Labor Day, September 6. \"The March 2020 CARES Act established three new federal unemployment aid programs: Pandemic Unemployment Assistance, or PUA, which covers those not traditionally eligible for aid; Pandemic Emergency\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1922,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/16\/youth-hit-as-u-k-jobless-rate-rises-wsj-com\/","url_meta":{"origin":8885,"position":1},"title":"Youth Hit as U.K. Jobless Rate Rises – WSJ.com","author":"ColinTwiggs","date":"November 16, 2011","format":false,"excerpt":"The Office for National Statistics said its comprehensive internationally comparable measure of unemployment rose 129,000 in the three months to September to 2.62 million, the highest level since 1994. That lifted the unemployment rate to 8.3%, the highest rate since 1996, compared with 8.1% in the three months to August.\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26236,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/09\/jobs-galore-but-no-applicants\/","url_meta":{"origin":8885,"position":2},"title":"Jobs galore but no applicants","author":"Colin Twiggs","date":"June 9, 2021","format":false,"excerpt":"Available job openings spiked to a record 9.3 million. Jobs are proving hard to fill, despite 3.7 million registered for state unemployment benefits. And a further 11.7 million collecting pandemic unemployment assistance (PUA) or pandemic emergency unemployment compensation (PEUC - dark blue) from the federal government. A total of 15.4\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"Total Unemployment Benefits","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-06-08-dol.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":21128,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/07\/31\/gdp-and-initial-claims-warn-of-slow-recovery\/","url_meta":{"origin":8885,"position":3},"title":"GDP and initial claims warn of slow recovery","author":"Colin Twiggs","date":"July 31, 2020","format":false,"excerpt":"Real GDP fell -9.5%, on a year-on-year basis, for the second quarter 2020. The worst recorded contraction in the US since the Great Depression of the 1930s. Initial unemployment claims stepped up to 1.434 million for the week ending July 25th, warning of a protracted recession. Continued claims are also\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12391,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/10\/14\/nber-reporter-online\/","url_meta":{"origin":8885,"position":4},"title":"Effect of long-term unemployment on the labor participation rate","author":"ColinTwiggs","date":"October 14, 2015","format":false,"excerpt":"Alan B. Krueger is Bendheim Professor of Economics and Public Affairs at Princeton University and an NBER research associate. Here he discusses the effect of long-term unemployment on the declining labor participation rate: ....The SIPP [Survey of Income and Program Participation] data indicate that, irrespective of the business cycle, the\u2026","rel":"","context":"In "Stock Markets"","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25669,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/05\/08\/labor-market-turmoil\/","url_meta":{"origin":8885,"position":5},"title":"Labor market turmoil","author":"Colin Twiggs","date":"May 8, 2021","format":false,"excerpt":"Pundits are wringing their hands about the poor jobs report, with +266K of new jobs in April compared to 1M estimated. Non-farm jobs recovered to 144.3 million in April, compared to 152.5m in Feb 2020, a shortfall of 5.4%. Hours worked has done slightly better, at 5.05 billion in April,\u2026","rel":"","context":"In "Deficit Spending & Employment"","block_context":{"text":"Deficit Spending & Employment","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/deficit-spending-employment\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=8885"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8885\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}