Capitol Hill Campus: What Does the Unemployment Rate Mean for Government Spending?
Most of the government’s revenue is collected through taxes associated with income. The largest share comes from the individual income tax and that amount increases when you add in the Social Security and Medicare Tax, both of which come directly out of people’s paychecks.
This strong relationship between employment and federal revenues begs the question:
What does the unemployment rate mean for government spending? What has been the long run trend in government spending on social benefits? How does the Great Recession compare to past recessions?
For an exploration of this question, please join the Mercatus Center at George Mason University and Dr. Keith Hall, former Commissioner of the Bureau of Labor Statistics, for an economic analysis of the relationship between unemployment and government spending. Dr. Hall will also discuss the role of job training programs.
We hope you will join us for what promises to be a most insightful session.
Space is limited. Please RSVP today.
The event is free and open to all congressional and federal agency staff. This event is not open to the general public. Food will be provided. Due to space constraints, please no interns. Questions? Please contact Erin Connolly, Events Associate, at firstname.lastname@example.org or (703)993-9913.