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Federal Reserve Official: High Unemployment Isn't Inevitable After Bubbles Collapse

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Post by Quiethawk Fri Mar 25, 2011 1:42 pm

http://www.huffingtonpost.com/2011/03/25/unemployment-bubbles-fed_n_840466.html

In one of the paper's more surprising claims, Kocherlakota suggested that extending unemployment benefits -- sometimes seen as adding to the jobless rate because it can discourage those receiving benefits from actively seeking jobs -- actually reduces it.
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Post by mrgolf Fri Mar 25, 2011 11:34 pm

The 99ers are good examples that there just aren't jobs out there. We aren't getting any help. We would love to work. it is not a choice between collecting an unemployment check and working.
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