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Re:Fed raises rates by another 75 bps to fight inflation by jjeaff on Wednesday September 21, 2022 @08:50PM (#32933563)
More generous unemployment was blamed heavily for the worker shortage, but that has been pretty thoroughly debunked by the data. Those benefits have long expired and worker shortages remain. Not to mention, states that ended unemployment extensions early saw very little improvement. Something like just a 3-4% reduction. (not 3-4 percentage points reduction, a reduction of 3-4% compared to states that kept extended unemployment benefits.

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