- The 2008-2013 EUC paid 800M checks. In contrast, the post-2001 EUC paid out 89M checks between 2002 and 2004.
- The 2008-2013 EUC spent $260B. Previous temporary programs had paid less: the 2002-2004 paid out $28B; the 1991-1994 EUC paid out $46B; and, the 1982-1985 EUC paid out $22B.
- On average, the unemployed received 33 weeks of benefits from the 2008-2013 EUC. The 1991-1994 EUC provide recipients 17 weeks of benefits.
- Long-term unemployment under the 2008-2013 EUC was 200% greater than during the 1970s recession.
- Long-term unemployment only began to decrease in 2012, just as Congress reduced the maximum amount of unemployment benefits people could receive.
- Short-term unemployment only reached the 2001-2007 average at the end of 2013, when the EUC program expired in December 2013.
Under President Obama:
- Employment has grown by 900k but 3.1M adults--ages 16 to 54--have dropped out of the labor force.
- Since EUC expired in December 2013, the number of 16 to 54-year olds in the labor force has increased by 400k.
That’s some correlation, isn't it?
Cut funding for the long- and short- term unemployment and the rates of both decrease. So much for Obamanomics. Zero bang for the buck with 3.1M adults remain unemployed.
Let the discussion begin...
To read the House Ways and Means Committee report, click on the following link:http://waysandmeans.house.gov/uploadedfiles/euc_labor_day_report_082814.pdf
To read Pamela Villarreal’s analysis, click on the following link:
"More Evidence: Unemployment Benefits Hurt the Unemployed