In a recent case in the State of New York, the Supreme Court heard an appeal from a decision of the Unemployment Insurance Appeal Board which ruled, among other things, that the claimant was disqualified from receiving unemployment insurance benefits because her employment was terminated due to misconduct. 

It’s a Sunday close to press time and I’m watching one of my favorite television shows, CBS Sunday Morning. One of the segments catches my attention; it’s about the job market seemingly coming to a stall, with first-time unemployment claims having exceeded 400,000 for 11 consecutive weeks (as of late June). A CBS Sunday Morning journalist interviews economist Lakshman Achuthan of the Economic Cycle Research Institute about why this is happening.