Will extending unemployment benefits make labor stats look worse?
I think it’s pretty common knowledge that unemployment statistics are understating unemployment because they fail to count those still out of work, but have exhausted their benefits. I wonder, then, that if they extend unemployment benefits, will unemployment statistics spike as those still unemployed folks are re-added back into the system and, thus, counted again. Since it would appear that H.R. 3548 will extend benefits another 13 weeks and is expected (hoped?) to pass, I guess we will see if my theory holds water.