New Fox News piece: How the Democrats Caused the Increase in Jobless Claims

My newest piece starts this way:

News headlines worryingly point to "US jobless claims hit six-month high," "Wall Street Slides Further on More Signs of Slowdown," or "Latest US Jobless Claims are a Bad Omen." Quite a contrast from news headlines just a month ago touting: "New jobless claims fall to near two-year low." What could happen in just a month? Has there really been that much of a worsening in the fundamental jobs picture in that short of time?

There is actually a very simple answer for the change. While a month ago those who filed for unemployment insurance would only get 26 weeks of benefits, over the last few weeks people can get at least 95 weeks of benefits. The result is something that I predicted in a piece that I wrote for Fox News on July 20th.

When unemployment insurance extension ended, new filings fell from around 472,000 to 429,000. Now that they have been reinstated, new filings for the last two weeks have been 482,000 and 484,000. . . .