9 million of that difference is because of canceling PUA benefits.
It's good to have a tight labor market where less people need to rely on unemployment benefits.

But shouldn't confuse "we kicked people off of benefits" with "less people need to rely on unemployment insurance."
That the only way many Americans could receive unemployment benefits during from temporary programs like PUA revealed huge gaps in our current system.

It's a real shame that BBB doesn't include UI reforms.


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More from @besttrousers

22 Nov
If this graph is causal than *eliminating* the ARP entirely (not just smaller checks or whatever) would result in...6% inflation.

Doesn't seem a big deal. Image
Here's the graph with every OECD country: Image
Same graph after dropping Turkey Image
Read 4 tweets
17 Nov
Montana has ended it's Return To Work program, and is reallocating the money to other uses: khq.com/regional/state…
As @ArthurDelaneyHP and @taragolshan noted a few months ago, very few states managed to get RTW money out. huffpost.com/entry/return-t…
As I told them at the time, a lot of this is due to poor program design - RTW programs (with Colorado as an exception) had burdensome processes in place that made it very hard for people to access them.
Read 4 tweets
3 Nov
Watching this after solving some supply chain issues (It seems I no longer own working headphones).
@DrDaronAcemoglu isn't worried about automation destroying jobs, but is worried about the U.S. capacity to create good jobs for people without a college degree. fairgrowth.house.gov/sites/democrat… Image
@KEBroady notes that Black and Hispanic workers are overrepresented in the fields most at risk for automation: fairgrowth.house.gov/sites/democrat… Image
Read 42 tweets
14 Oct
Yeah - I think this is the most important point.
We're used to thinking about unemployment primarily with respect to business cycle/involuntary employment.
But this is point at something that is pretty different. Basically that there are some people at the margin where a small change in their incentives will drive them into or out of the labor force.
Read 8 tweets
12 Oct
Feels like we are all discussing what pieces of the Reconciliation Bill can be cut. But, especially after last Friday's job report, Congress should be looking for ways to put UI back in. Me at @NiskanenCenter: niskanencenter.org/congress-shoul…
With the enhanced UI ending last month, a lot of people were hoping that we'd see a big jump in September's employment numbers. We didn't.
Between this and the evidence that accumulated over the summer, it's getting hard to argue that the enhanced UI benefits were the main problem holding the job market back.
Read 21 tweets

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