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Elizabeth Pancotti
ENPancotti
$580B in unemployment insurance benefits, expansions, & supplements saved tens of millions of jobless workers last year. Swaths of beneficiaries are about to be on the hook for huge surprise
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The thing about generous UI prolonging joblessness is that 1) study after study has said that’s not the case in this recession because there are few job offers to turn
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Re-upping this point as continuing claims are "down" 2.4 million in the week ending 1/2. This drop is artificial and is almost entirely driven by PUA and PEUC claimants lapsing
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Just like the week of Thanksgiving, initial claims came in under expectations, and down 120k from the previous week. Given that this morning’s data includes the week of Christmas, I
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A lot of the attention this morning is on initial claims still being stubbornly high, but I want to talk through something else this morning. A, if you will. Here's
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If you were laid off on March 15th, made the avg wage in your job, & received the avg UI for max weeks, your tax liability will be $2180. Withholding
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In November, just 245k jobs were added to the US labor force. Meanwhile, 37% of jobless workers are now long-term unemployed (6+ months) and >7mil people who aren’t in the
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