UI Cuts by State Under the R’s Plan for Extension

December 14th, 2011 at 3:08 pm

The Dept of Labor just released an analysis of the number of people who would lose unemployment benefits if we were to implement the reductions of up to 40 weeks in the Republicans’ proposed extension.  Summing across the states, about 3.3 million would lose benefits.

Review this list with these numbers in mind: according the Bureau of Labor Statistics, there were about 3 million job openings in October, about 7 million people on UI, and about 14 million total unemployed.  That’s more than four unemployed persons per job opening.  And if every single one of those job openings went to people currently on UI, you’d still have around 4 million people on the UI rolls.

Until this economy is generating enough jobs to even approximate the needs of job seekers, it is foolish at two levels to cut the UI safety net.  At the micro level, families with jobless members need the money to make ends meet.  At the macro level, the fact that these families spend, as opposed to save, UI benefits gives the economy a needed boost.

And yes, I know that such logic is not exactly driving the conversation.

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2 comments in reply to "UI Cuts by State Under the R’s Plan for Extension"

  1. Michael says:

    And the amazing thing is that half of those 3.3 million would vote Republican.


  2. Jim Edwards says:

    One thing often overlooked regarding the number of job openings. The intensity to fill those jobs is not that high. When the economy is strong a job opening is really a job opening, but when it is down, a job opening is more of an invitation to send a resume. If a perfect candidate walks in the job will be offered, but otherwise there is no rush to fill. Is there a measure on how long job openings remain open? I’ll bet that’s high right now and I bet the Republicans would use this to prove it’s structural. “Look, they want to hire, but can’t find a qualified candidate.”


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