Debunked: PAP says unemployment benefit deters effort to find work

[winnipegjets]

Latest data from US shows that PAP is wrong! It is time that sinkees are given social safety net.

Longer Benefits Keep People Jobless? Maybe Not

Despite arguments to the contrary, giving unemployed Americans extended jobless benefits of up to 99 weeks didn't prevent them from taking jobs, according a new report.

Released last month through the Federal Reserve Bank of San Francisco, the study says that the extended benefits given from 2009 to 2012 to the unemployed increased the overall employment rate by only 0.04 percentage points, which the report says is small in comparison to the peak recession unemployment rate of 10 percent.

"There was some criticism that people on long-term unemployment benefits would not want to go back to work," said Henry Farber, a professor of economics at Princeton University and co-author of the report.

"But that's not true. We could find no real effect of the benefits from keeping people wanting to work," said Farber. "People are not staying on unemployment to avoid taking jobs."

Farber said his report looked at previous downturns in the economy when extended unemployment benefits were shorter—up to 79 weeks in early 2001-2002—than came out of the recession of 2007-2009. The findings for both periods were similar, he said.

"There was never much serious work done to look at this issue of extended benefits and the effect on the jobless rate," Farber said. "That's why we did this. We wanted to find out if there was a correlation and we didn't find one."

The current rate of unemployment is around 7.5 percent according to the Bureau of Labor Statistics, down from the 10 percent recessional peak in 2009.

Still, while the job picture is improving for some, the long-term unemployed aren't so lucky. That's because as the jobless rate improves, the federal government—which funds much of the unemployment benefit extensions—cuts back spending for benefits.

Congress has traditionally extended unemployment benefits in times of recession. In 2010 and 2011, benefits in some states reached 99 weeks of combined state and federal benefits—the highest extension on record.

But less than half of the 11.7 million unemployed in April received state or federal benefits, according to the Labor Department.

Any current extended benefits will continue for those receiving them, but they will not be renewed at the end of this year. And there will be no more extended benefits for those going on unemployment now, unless job losses mount to recession-era levels.

California and Nevada are among the states that have the highest duration of benefits, at 76 weeks, while Utah, Wyoming, South Dakota and Kansas are among the states with the lowest duration, at 40 weeks.

Not every one sees extensions as beneficial—despite any evidence to the contrary. Timothy Nash, an economics professor at Northwood University, said he believes extended benefits keep the unemployed from looking for work.

"There's a lot of debate about the impact of extensions but my gut feeling is that giving them hurts the job picture," said Nash. "If we look at countries like Sweden that had long term extensions and high unemployment, when they ended the extensions the jobless rate went down."

"I think some people need them," Nash went on to say. "People with certain skills that can use the extensions to take the time to find a job that's right for them. But without extensions, people feel a better sense of urgency that they have to find a job."


"Having these extensions, while they give some people a way to live, are not the best thing to do," Nash argued. "I think they add to the long-term unemployment situation instead of ending it."

Currently, there are some 4.4 million Americans listed as long-term unemployed—defined as those who have been out of work for 27 weeks or more., according to the BLS.

While that's better than the high of 6.7 million in April of 2010, it's still not enough of an improvement, said Chris Rhomberg, a sociology professor and labor expert at Fordham University.

"The long-term unemployed need help, and they're not getting it," Rhomberg argued. "You've got a situation where employers can reject people who have been out of work for a long time and they don't suffer any consequences."

"Businesses are not hiring and extensions are down. It's cruel," said Rhomberg.

 

[escher]

Latest data from US shows that PAP is wrong! It is time that sinkees are given social safety net.

You go dream long long

Smear of shit on sole of shoe LKY want all the money into his Stinkapore sovereign funds
Paying his ministers and running dogs and kangaroos millions a lot more important than safety net for sinkies
He felt that Sinkies stupid enough to vote and vote for him do not deserve any respect or considerations.

You want what you want

THEN YOU GET YOUR FAMILY AND FRIENDS TO VOTE ALL THOSE MAGGOTS IN WHITE OUT IN 2016

 

[The_Hypocrite]

In Oz Land,,,unemployment benefits really deter single moms and other trailer park trash from getting work...there was even a case whereby these trailer park trash work the bare minimum cos the gahmen force them too than quit and go back on welfare again,,,,trailer park trash need to either buck up and work or get culled....

 

[johnny333]

In Oz Land,,,unemployment benefits really deter single moms and other trailer park trash from getting work...there was even a case whereby these trailer park trash work the bare minimum cos the gahmen force them too than quite and go back on welfare again,,,,trailer park trash need to either buck up and work or get culled....

There will always be people who will take advantage of the system. Only have to take a look at our wealthiest civil servant.

 

[The_Hypocrite]

That why the system must always ensure scums dont game the system. But welfare is a slippery slope,,once given very hard to take away...

There will always be people who will take advantage of the system. Only have to take a look at our wealthiest civil servant.

 

[kryonlight]

There will always be people who will take advantage of the system. Only have to take a look at our wealthiest civil servant.

上梁不正下梁歪. Sinkies will milk the social safety net dry for sure. I won't be surprised.

 

[winnipegjets]

In Oz Land,,,unemployment benefits really deter single moms and other trailer park trash from getting work...there was even a case whereby these trailer park trash work the bare minimum cos the gahmen force them too than quite and go back on welfare again,,,,trailer park trash need to either buck up and work or get culled....

Unemployment benefits is limited to a set period - between 6-12 months. And you only get unemployment benefits if you were laid off. If you quit, you don't qualify.
Welfare and unemployment benefits are different.
Welfare payment barely keeps you above water - $492.60 per fortnight in Australia is not a lot of money to live on.

 

[eatshitndie]

that's due to structural unemployment as a result of the housing bust back in 2007/2008. it gutted hundreds of thousands of jobs from construction to surveyors to appraisers to bank workers to real estate brokers, property agents, legal and admin staff. 25% of the total workforce were impacted, either by mass layoffs, transfers, reorganizations, restructuring, relocations, paycuts, retraining, etc. as such, good, middle to upper middle income, hardworking, productive and financially disciplined folks are also affected. when major economic events mess with millions of lives and livelihood, the majority of honest, hardworking folks would re-adjust and return to jobs when the economy recovers and jobs become more available. the welfare-addicted losers who comprise the minority in such events would still remain un-incentivized to seek employment, whether economy picks up or not. the unemployment benefit extension is meant to help the former cases during disastrous structural shifts in the economy, not the latter.

 

[soIsee]

That why the system must always ensure scums dont game the system. But welfare is a slippery slope,,once given very hard to take away...

The scums are the ones who will always set the rules to the game and run the system.

Show me one country which is NOT run by SCUMS!

 

[escher]

There will always be people who will take advantage of the system. Only have to take a look at our wealthiest civil servant.

Ha ha ha ha

Look at all the maggots in white
Look at all the running dogs and kangaroos
Look at all their stooges here


But cannot say they do fuck off.
They all screwing and fucking sinkies with heads down down and arseholes up high high