Sunday, August 08, 2010

Really Just A Coincidence?

Another thing about Friday's U.S. employment report: After having risen relentlessly since 2007, the number of long-term (27 weeks or more) unemployed, as well as the median duration of unemployment, fell back in July.

July was also a month when due to Republican resistance, the extension of unemployment benefits was delayed so that many long-term unemployed lost their benefits.

Coincidence? We'll see what happens next month to get the definite word on this, but I for one believe it is not a coincidence