(800) 421-8442
support@intouchemr.com

WEBINAR Member Login

MENU
LOGIN
SOLUTIONS
CALL
In Touch EMR

Questions? Call Us

☏ (800) 421-8442

  • Why Us
    • Our Story
    • Our Vision
    • EMR Demo
    • Biller Pro Demo
  • Compare
    • How You Save
    • How You Profit
    • FAQ
  • SOLUTIONS
    • Our Vision
    • BILLING SERVICES
      • About
      • SCHEDULE A CALL
      • FAQ
    • Coding Services
    • Patient Eligibility
    • BILLING SOFTWARE
      • Benefits
      • Clearing House
      • FAQ
      • Schedule My Demo
    • Resource Center
    • PRODUCTS
      • Executive Briefing
      • DVD
  • PRAISE
  • CONTACT
  • SCHEDULE DEMO

People on Unemployment Benefits MORE LIKELY to Search for a New Job | SOME HOPE

Dr. Chhoda explores:

1 – The myth of unemployment benefits depressing work

2 – Research shows unemployment benefits encourage people to find work

3 – How to get some hope in this situation

Researchers at Yale; a group from the University of Illinois at Urbana-Champaign, University of Chicago and University of California at Berkeley; economists from the University of Pennsylvania, the Federal Reserve Bank of New York and Glassdoor; an economist at the University of Massachusetts at Amherst; and an economist at Evercore ISI used a variety of government and private-industry data sets.

They all concluded the same thing: The $600 federal supplement does not appear to have depressed job growth.

If anything, research to date suggests the federal benefit supplement has boosted macroeconomic activity and, therefore, likely supported hiring. That’s because these benefits have supported consumer spending, which in turn helps retailers, landlords and other businesses keep workers on their own payrolls.

New research from the Chicago Federal Reserve finds that those who have exhausted their benefits are actually less likely to search for work than those still receiving them. In fact, once benefits run out, “their search effort drops precipitously.”

The researchers found that “those currently collecting benefits search more than twice as intensely as those who have exhausted their benefits.”

Jason Faberman, senior economist at the Chicago Fed and one of the authors of the report said: “The longer people are unemployed, the less they tend to search, and the exhaustion of UI benefits may cause a jump in just how discouraged people are about finding work, leading them to exert less effort on it”

The Fed’s study also found that people who have exhausted their benefits are more likely to settle for lower-paying work than they had before they lost their jobs compared to those who are still collecting benefits, likely just to have some income.

“Individuals collecting benefits tend to receive better job offers than those who are not collecting benefits,” write the researchers.

LYRICS OF THE SONG ‘HOPE’

This song is called hope
It’s my way of trying to cope
With the new world, the sudden steep slope
I’m being examined with a stethoscope

Lately I’ve been feeling hopeless,
I’ve lost my strength, my focus,
On the verge of being homeless,
Lost my friends, lost my closeness

Why did we get here, it’s atrocious,
I’m so angry, I feel ferocious,
Government, sit up and take notice,
I’m here because of all your bogus

Thanks to you, I’m walking a tightrope
When I elected you, though you were dope,
I thought I was right, but nope,
You’re looking at the clouds with your stethoscope

This song is called hope
It’s my way of trying to cope
With the new world, the sudden steep slope
I’m being examined with a stethoscope

Do you want direct, breaking news alerts from Ignition Time? Get your cell phone out and from your cell phone, send an SMS:

TEXT IGNITION TO 70000
or
TEXT TIME TO 70000

FOLLOW INSTRUCTIONS VIA TEXT, ACCEPT OUR DISCLAIMER & RECONFIRM YOUR EMAIL to get breaking news alerts that are fair and balanced. Opt out at any time.

Subscribe to our Youtube channel for more updates.

Related Videos

Managing your Money Crash Course

Millionaire Mindset Blueprint

Stimulus Proposals

Stimulus Check Updates

Unemployment Benefits Crash Course

Remote Work 101 

References

https://www.washingtonpost.com/opinions/the-myth-of-unemployment-benefits-depressing-work/2020/08/03/54cca9f4-d5ba-11ea-9c3b-dfc394c03988_story.html

https://www.cnbc.com/2020/06/25/people-receiving-unemployment-benefits-are-more-likely-to-look-for-jobs.html

https://www.chicagofed.org/publications/chicago-fed-letter/2020/441

  • Privacy Policy
  • Earnings Information
  • Contact Us
  • Sitemap

Copyright © 2023 In Touch EMR. All rights reserved.

Website security
  • Why Us
    ▼
    • Our Story
    • Our Vision
    • EMR Demo
    • Biller Pro Demo
  • Compare
    ▼
    • How You Save
    • How You Profit
    • FAQ
  • SOLUTIONS
    ▼
    • Our Vision
    • BILLING SERVICES
      ▼
      • About
      • SCHEDULE A CALL
      • FAQ
    • Coding Services
    • Patient Eligibility
    • BILLING SOFTWARE
      ▼
      • Benefits
      • Clearing House
      • FAQ
      • Schedule My Demo
    • Resource Center
    • PRODUCTS
      ▼
      • Executive Briefing
      • DVD
  • PRAISE
  • CONTACT
  • SCHEDULE DEMO
  • MEMBER LOGIN
  • COVID-19 RESPONSE
  • TELEHEALTH MANIFESTO