Economy

Chad Stone Statement on March Jobs Report

The March jobs report, with disappointing job growth and a large drop in the labor force, shows that a robust jobs recovery remains elusive. That situation won’t likely improve in coming months as the sequestration budget cuts begin to slow the economic recovery and make it harder for the unemployed — especially the unprecedented numbers of long-term unemployed (see chart) — to find a job. Adding insult to injury, sequestration also cuts federal unemployment insurance (UI) benefits for the long-term unemployed.

Related:

 

 

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

Featured Experts

  1. Robert Greenstein

    Robert Greenstein

    Reports | Bio

  2. Michael Leachman

    Michael Leachman

    Reports | Bio

  3. Chad Stone

    Chad Stone

    Reports | Bio

  4. Paul Van de Water

    Paul Van de Water

    Reports | Bio

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.

  1. Jobs
  2. RSS
  3. Contact Us
 

Sign Up for E-Mail Alerts

RSS Feeds

Multimedia

Browse Reports