Economy

Chad Stone Statement on March Jobs Report

"[March]’s solid jobs report shows a labor market that continues to improve gradually, but that remains far from healed.  With the share of the population with a job stuck at recession levels (see chart) and long-term unemployment still very high, it’s too soon for the Federal Reserve to begin raising interest rates — and it’s well past time for lawmakers to restore emergency federal unemployment insurance benefits that expired in December."

chart

Related:

Where Things Stand for the Unemployed

State-by-state numbers of workers losing benefits

Related Analyses on the Supplemental Nutrition Assistance Program:

 

Basics

A recession is a significant decline in the size of the U.S. economy lasting more than a few months, normally visible in a variety of economic indicators.   Economic stimulus policies aim to avert a recession or lessen its severity by boosting the economy in the short term.  The unemployment insurance system helps people who have lost their jobs by temporarily replacing part of their wages, typically for up to 26 weeks. 

Policy Basics:
- Introduction to Unemployment Insurance
- How Many Weeks of Unemployment Compensation Are Available?

Chart Book:
- The Legacy of the Great Recession

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The Center examines the impact of changes in the economy on federal and state budgets, as well as the likely effectiveness of economic stimulus proposals. We also examine trends in employment and promote reforms to strengthen the unemployment insurance system.

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