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Joint Economic Committee Report: Evidence for Extending

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A Good Job Is Hard to Find: Evidence for Extending Unemployment Insurance Benefits Already Exists, a Report by the Joint Economic Committee Majority Staff, April 2008.

  • “The most recent employment report by the Bureau of Labor Statistics showed widespread weakness in the labor market. The unemployment rate rose sharply in March and, for the first time since 2003, there was a third straight month of falling employment. Unemployment typically only rises like this when we are in a recession. Job losses are no longer contained in sectors associated with the housing bust, but are now spreading throughout the economy.
    The current labor market slowdown comes on the heels of the weakest jobs recovery in over seventy years.”
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