Ohio Press Buys Cleveland Fed's Hokey Claim That Extended Jobless Benefits Didn't Hurt Economy

Townhall.com Staff
Posted: Nov 20, 2014 11:25 AM

Boy, it's a good thing that the unemployment benefits Congress continued to extend during most of the first five-plus years of Barack Obama's presidency didn't hurt the economy much.

A study commissioned by the Cleveland branch of the Federal Reserve concluded that extended benefits "only account for a fraction of the actual increase in the unemployment rate." The allegedly minimal impact of that "fraction" follows the jump.