Does Unemployment Insurance Necessarily Raise the Unemployment Rate and Decrease Employment?

Some analysts (e.g., most lately Professor Mulligan) have stressed the disincentive results of unemployment insurance on the unemployment rate as well as the level of employment. I think it beneficial to take into account the offsetting results arising from numerous effects, and hence distinguishing in between the two variables.

In my view, the impact of UI is a lot more complex than it would seem at first glance, with UI potentially improving employment although concurrently increasing the unemployment rate. Additionally, according to newer study, even if UI extends unemployment duration, it still may be welfare-enhancing. In other words, some researchers appear to have had their worldview frozen in 1990.

PA Unemployment Biweekly Claim

PA unemployment biweekly claim is on the PA state official website. The unemployment is continue to rise. Pennsylvania is one of the states that got hit the hardest for unemployment. The unemployment rate in the state, was 4.5 in the fourth quarter, due to the second quarter of this year went up to an unbelievable 8.1% in the year 2007.

One question, when will the unemployment rate decrease? What about Michigan as well? The rest of USA?

Then there is the question, what is the point of college? We go because we want to get a good degree to get a good job. But once you have that degree, sometimes getting that ‘dream job’ doesn’t happen. You have two choices. Get what job you can do or go back to school either into Law or get a Master’s Degree.

Maybe the people high up who are spending the nations money on personal vacations, jets, etc… should get a pay cut. In fact why not Hollywood since they have millions? Hell, some of the celebrities get things for free while the rest of the world has to work to get that shiny new toy.

So if the wealthy took a little pay cut, will that help the rest of the nation?