NC cuts unemployment benefits, suddenly experiences a job boom

[ArcadiaGP]

Funny how that works. You stop paying people to be unemployed, and they go out and find jobs.

After unemployment benefit cuts, N.C. job boom continued into December | Conservative Intelligence Briefing

 

[Lex Concord]

In a joint press conference, President Obama, Senate Majority Leader Harry Reid, and Nancy Pelosi (aka Moe, Larry, & Curly) responded to the report...

 

[IndyGunworks]

Funny how that works.... stop getting paid to do nothing, so you go find something to do and get paid for it.

 

[spec4]

Saw this in my extended family. A niece sucked up the 99 weeks and shortly thereafter took a job.

 

[Jeepster48439]

Saw this a lot when I was contacting foreclosed homeowners. When asked why they wouldn't take a job to pay their bills, the typical response was 'I won't get out of bed to go to a job for less than $25/hr." When I analyzed their finances to determine if they could qualify for some of the home retention programs, it turns out that unemployment was paying them $22/hr to stay home. The sad part was that if they had taken a job at $15/hr, they would have qualified to keep their home.

 

[LeeStreet]

I should have had a V8.

 

[Mad Macs]

I wonder what their net income did after taking jobs again? Did it go up?

 

[dhnorris]

Saw this a lot when I was contacting foreclosed homeowners. When asked why they wouldn't take a job to pay their bills, the typical response was 'I won't get out of bed to go to a job for less than $25/hr." When I analyzed their finances to determine if they could qualify for some of the home retention programs, it turns out that unemployment was paying them $22/hr to stay home. The sad part was that if they had taken a job at $15/hr, they would have qualified to keep their home.

How does unemployment pay $22 per hour? I thought the most you could get was $390 per week? Unemployment ending is not a cause of employment rising. Many of those on and off of unemployment had many anecdotal things happen to them at various times and the case for causation is weak.

 

[87iroc]

I saw a few folks that decided it was time to take a job as their unemployment ending.

I throw the BS flag on 22/hr. Whats your math to back it up? Are you putting in things like medicaid coverage for kids or something?

Even at 400/thats only 10 per hour...

 

[Joe G]

Each state has a different maximum payout. When I was laid off 2 years ago I was under Minnesota's system. Their payout max was a lot more than the Indiana plan.

 

[rgrimm01]

I saw this story on the national news this a.m. I think the governor is spinning the facts of what the numbers represent. The drop in the unemployment percentage number does not take into account the number of people who have dropped out of the job market or the people that are grossly underemployed.

Reminds me of my all time favorite, budget surplus or budget savings. The entity is running in the red. The entitty cuts back and spends less but is still running in the red. The amount then becomes a positive number even though it is red.

 

[halfmileharry]

I saw this story on the national news this a.m. I think the governor is spinning the facts of what the numbers represent. The drop in the unemployment percentage number does not take into account the number of people who have dropped out of the job market or the people that are grossly underemployed.

Reminds me of my all time favorite, budget surplus or budget savings. The entity is running in the red. The entitty cuts back and spends less but is still running in the red. The amount then becomes a positive number even though it is red.

In politics, 2+2 is always going to equal how much you want it to be.