Quote:
Originally Posted by Sandy and Ed
Maybe meant lower, not “higher” rates?? Get more back into the work pool so management can hire more responsible workers.
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No, they meant higher. Higher unemployment rates means more people who are unemployed. In the state of Florida, it means more people getting $275 per week maximum, for only 12 weeks maximum. If they've only been earning $200/week at their part time job and became unemployed, they'll be getting only around $120/week unemployment for those 12 weeks. If they haven't worked a full year before becoming unemployed, they might be getting no unemployment at all.
That's a lot of hungry unemployed people who aren't able to make ends meet, and more desperate to work. That means they are more likely to prove they're worth hiring - and keeping.
A high unemployment rate means it's an employer's market. A low unemployment rate means it's an employee's market.