Unemployment Insurance Claims Still Very High, with No Current Government Response

Hard for demand to rise if there is a consistently high (compared to the historical average) unemployment rate.

These figures are off the government’s press releases on citizens filing for unemployment claims. Here, the politics are out of balance with economic reality. The Congress, specifically the Senate, is blocking any further assistance to the unemployed (the House just passed another jobless benefits package). An effective government would do two things, it seems to me: A) Promote policies that contribute to economic growth that increases employment B) Meanwhile, provide assistance to those who cannot find jobs. 2.1 million will be kicked off unemployment benefits in the coming week, because of a Senate filibuster by a few Democrats and all the Republicans. An effective government would respond to economic conditions, as they are reported. We do not have an effective government from the perspective of economic governance right now.

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