Since tomorrow is the big NFP report, lets take a look at this EPI breakdown of Unemployment by State.
They note that “while the median duration of unemployment represents the typical job search, it also means that the wait is longer for half of all unemployed workers.” Hence, many of these workers will exhaust 26 weeks of unemployment insurance before landing a permanent new gig.
That has significant repercussions for consumer spending, foreclosures, etc.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.