A few days after Christmas, 1.3 million Americans who have been out of work for a significant period of time will see their unemployment
benefits disappear. Democrats had pushed for a renewal of the extended
unemployment benefits that have been available since shortly after the
crash, but as Rep. Tom Cole (R-Oklahoma) put it, “the Republican position all along has been, ‘we need to go back to normal here at some point’.”
Unfortunately, the labor market
isn’t back to normal. There are almost three Americans looking for work
for every full-time position that’s available, a ratio that’s tougher
than it was during the worst days of the 2000 recession, according to
the Economic Policy Institute.
As Evan Soltas points out in an article for Bloomberg News, North Carolina offers us a glimpse of the struggle that the long-term unemployed will face nationwide…
No comments:
Post a Comment