Saturday, September 4, 2010
Just realized I haven't posted these charts for awhile, so here they are with updated data. Note the recent rise of almost 2 million in those participating in the emergency claims program, which recently was generously extended by Congressmen eager to help those who haven't found a job for a long time. Note also how the percentage of the labor force receiving unemployment insurance today is almost 50% greater than it was at the peak of the 1982 recession. A reasonable person might wonder if there is some connection between record high levels of workers on the dole, and persistently and distressingly high rates of unemployment.
Posted by Scott Grannis at 11:45 AM