Friday, December 11, 2009

Unemployment Insurance Follow-Up

Here's the latest example of the insight one can gain from watching CNBC. The relevant part of the video begins about 2:30 into the clip. Note that Steve Liesman is CNBC's Senior Economics Reporter. Remember that. Senior. Economics. Reporter.

link to video

CNBC's Senior Economics Reporter is completely unaware of the existence of the Emergency Unemployment Compensation (EUC) program. I can understand not being able to rattle off the latest EUC figures from memory, but he doesn't even know the program exists. Perhaps Obama's jobs program could include fact checkers for CNBC.

Here is the link to the latest weekly report. Look at the last row of the table. Granted, the number isn't emphasized in the report, but it is mentioned near the bottom of the text and in the table. I suppose it's unreasonable to expect a Senior Economics Reporter to read beyond the first paragraph.

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