How cutting benefits also will cut jobless rate

The looming end of emergency jobless benefits would be bad news for 1.3 million Americans but actually could have a positive impact on the unemployment rate.

At a time when the monthly jobless count has taken on even more importance than usual, the move in Washington toward ending the emergency compensation immediately would drop the unemployment rate below 7 percent, according to an analysis from Joe LaVorgna, chief U.S. economist at Deutsche Bank.

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