Without this decline in the labor force, mostly the result of people halting the job search after Sandy, unemployment would not have fallen.
FORBES: U.S. Adds Surprising 146K Jobs In Nov.; Unemployment Down To 7.7%
If you read any of the articles that talk about job search, job market, unemployment, etc.
The Texas Workforce Commission is helping people process unemployment benefits and search for jobs.
And even if you're trying to get yourself out of unemployment, the job search itself brings significant stress: Research suggests that unemployed workers who actively engage in job-search activities are more likely to have worse mental health, according to a 2005 study.
You can introduce some search and congestion effects to get higher unemployment but the increase should be relatively mild, as you have to remember that the opposite effect should be occurring in the high skilled market and low skilled folks be dropping out.
Many states require that persons receiving unemployment payments must maintain an active job search, including making several applications per week.
Extending unemployment insurance to 99 weeks reduces the incentive to search diligently for a job, enabling unemployed workers to be choosy.
FORBES: Government Policy Restrains An Economic Recovery Launched By The 2008 Recession
If the unemployed refused to search for a job, or to take the compulsory one, their unemployment benefit was halted.
High unemployment, however, continues to prompt migrants to flee Senegal in search of better job opportunities in Europe.
Those skeptics say the dropping unemployment rate mostly is from a drop in able-bodied people quitting the job search (and lowering labor force participation).
FORBES: Baby Boomers, Not Recession, Behind Drop In Workforce
We examined the latest Labor Department unemployment rates for the 50 largest metro areas in the country as well as the monthly Job Search Difficulty Index, published by job search engine Juju.com.
But, you should know that the only reason unemployment is 7.7% is because hundreds of thousands of males have dropped out of the search for regular work.
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