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Old 10-06-2012, 03:12 PM
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Unemployment Mystery Solved? As Jobless Benefits Expire, More Seeking Part-Time Work

Put simply: take 100,000 new and newly-discovered government jobs, add a modest 100,000 private sector jobs, then--crucially--add 600,000 part-time jobs taken by people suddenly losing their federal extended unemployment benefits, and you suddenly have a near-complete explanation of how the unemployment rate fell dramatically in a near-recession economy. It's not that the economy is better--far from it, and not just that government is spinning the data--though it is: it's simply that federal cash is running out, and incentives matter.
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