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Another Economist Weighs In on UI Changes in NC

Paul Krugman, economist with Princeton University, wrote a piece on the “Raleigh Experiment” with unemployment insurance cuts this weekend.  His assessment:

there is no sign at all that North Carolina’s harshness has done anything except make the lives of the unemployed even more miserable

Among the data points that Krugman highlights are no rapid acceleration of the state’s employment growth relative to the nations after benefit cuts and the unprecedented decline in the labor force.

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