Tuesday, December 14, 2010

NYTimes: Returning to work when benefits run out

Have you ever seen a chart [illustrating] when people find work in comparison to when their benefits run out? Here's one such chart:

The chart displays the fraction of persons (in Pittsburgh) receiving unemployment benefits who began working again, as a function of the number of weeks until their unemployment benefits were scheduled to be exhausted.

For example, a "hazard" value of "0.04″ for week "-14″ means that, among unemployed persons with 14 weeks remaining until their benefit exhaustion date, 4 percent of them either began working a new job or returned to their previous job.

Notice the VAST majority of unemployed persons got employed during their last week of benefits and the 1st week AFTER benefits ran out.

Here is the rest of the NYTimes story (from [March] 2010) about this chart.  And it is worth a read.

Indeed it is.

Because it isn't often you see the Leftist crackpots at the Times printing the truth.
What's the logical conclusion, let's let the Unemployment benefits from the Feds run out, because it's time these people found a job.


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