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20.5.05

Subsidies: a self fulfilling prophecy...

The United States Bureau of Labor Statistics issues reports about employment information.

In this report, 2 numbers jump out at me.

While the median length of unemployment is about 11 weeks, the mean length is greater than 20 weeks.

This means that half of all unemployed people can find work within 11 weeks of becoming unemployed, yet the average person will spend nearly twice that amount of time within the ranks of the unemployed.

This tells me that unemployment benefits create a large number of people who don't really look for work while they are collecting benefits.