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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (6554)9/17/2002 10:26:21 AM
From: TigerPaw  Read Replies (1) of 89467
 
THE AUGUST UNEMPLOYMENT RATE MASKS THE SEVERITY OF THE DOWNTURN
AND THE PROBLEMS OF THOSE EXHAUSTING THEIR UNEMPLOYMENT BENEFITS


cbpp.org

Although by some commonly used measures the consequences of the recent downturn have not been as severe as the consequences of the recession of the early 1990s, by certain other measures the recession that began last year has hit workers just as hard as the recession of the early 1990s. In fact, by some important measures, such as the actual number of workers whose federally-funded unemployment benefits are running out before they are able to find a new job — this recession has hit workers harder than the last recession. This analysis also examines other reasons why not too much should be read into the downward tick in the unemployment rate in August.

TP
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