I think Democrat's have underestimated how much benefits extensions and cobra subsidies are contributing to the unemployment rate. A lot of the unemployed have other options. For instance, a 17 year old would gladly collect unemployment benefits for the full 99 weeks while attending school. Same with college students, or people with working spouses who don't really need to work. I know some other people who regularly exhaust their benefits before even looking for another job.
The 5 unemployed for every opening argument is compelling, but are there REALLY 5 people actively looking for those positions and not just staying "unemployed" so they can continue to collect benefits until they are exhausted.
In other words, is the unemployment rate inflated because we are giving benefits to people who would otherwise not bother being counted as "unemployed"?
Yes, I realize this is exactly the opposite of what I said in a previous post.
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