PolicyArchive.org | About | All Collections
PolicyArchive is a comprehensive digital library of public policy research containing over 30,000 documents.
Publication Date: June 2004
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Isaac Shapiro
Research Area:
Keywords: Job creation; Economic inequality; Income diversity; Economic projections
Type: Report
Abstract:
Thankfully, for three months running, the labor market has again been generating significant numbers of new jobs. Unfortunately, new Labor Department data show that over the same three months an exceptionally large number of jobless workers exhausted their regular benefits and did not qualify for further federal aid. The high level of “exhaustees†continues a pattern in place since late December, when the federal Temporary Extended Unemployment Compensation program quit providing additional aid to individuals newly exhausting their regular benefits. The lingering high level of exhaustees suggests that the program was turned off too soon, and that it takes more than a few months of significant job growth to substantially reduce the problems of the long-term unemployed.