Austan Goolsbee says that a failure to extend jobless benefits beyond the unprecedented 99 weeks would be fairly damaging to our nascent recovery.
I’m guessing Goolsbee is using some model that says x dollars of reduced spending leads to y drop in employment (he was an econ professor at the University of Chicago in his prior life..)
Most expect those coming off benefits to seek available, but less than perfect employment opportunities…
