WASHINGTON -- The share of unemployed Americans who receive unemployment insurance benefits has dwindled to its lowest point in decades, thanks in part to benefit cuts in Republican-led states.
Just 23.1 percent of unemployed workers received state unemployment benefits at the end of 2014, according to a new analysis by the Economic Policy Institute, a liberal Washington think tank. The rate has hovered beneath 24 percent since 2011 and bottomed out at 22.1 percent in November 2013.
The previous low was 25 percent in September 1984, based on Bureau of Labor Statistics data going back nearly 40 years.
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3 comments:
The word "unemployment" assumes you have been working and were laid off. There are many more people getting welfare (who have never worked) than unemployment.
Backstory is first you must have worked for a long enough period to qualify for any benefit. After that your benefits eventually run out and extended benefits programs have ended. No more benefits means you are stricken from job seeker statistics and go to a statistical paradox where you no longer exist as either a seeker or beneficiary.
That is why labor force participation in both actual numbers and percentage has tanked.
But it makes for cheery numbers as long as you choose to remain incurious.
Most have move on to more secure Disability Payments
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