Author Topic: Job searches up in states that opted out of Joe Biden’s unemployment benefits  (Read 244 times)

0 Members and 1 Guest are viewing this topic.

Online mystery-ak

  • Owner
  • Administrator
  • ******
  • Posts: 381,838
  • Gender: Female
  • Let's Go Brandon!
Job searches up in states that opted out of Joe Biden’s unemployment benefits
by Zachary Halaschak, Economics Reporter |
 | May 28, 2021 07:00 AM

People began searching for jobs more in states that decided to opt out of the federal government’s expanded unemployment benefits, early research has found.

Jed Kolko, the chief economist for the employment website Indeed, found that job search activity rose, relative to the national trend, in the roughly two dozen states that have announced they are ending the expanded unemployment benefits program early, a sign that cessation of the program might begin to mend what many economists are characterizing as a labor shortage.

“A state’s share of national clicks on job postings was nearly 5% higher on announcement day, relative to a baseline of the last two weeks of April,” according to Kolko’s findings. “This increase was temporary, vanishing by the eighth day after the announcement. In the second week after the announcement, the state's share of national clicks was no higher than it was during the late-April baseline.”

Indeed found that search activity grew in the days after states made the announcement about ending the programs and increased across several sectors. A state’s share of national clicks, on average, was up between 3% and 4% from the day of the announcement to three days later. Tourism, hospitality, sales, and marketing saw the greatest increases, although search activity also rose among career paths not typically associated with lower wages, such as banking, finance, and the medical field.

more
https://www.washingtonexaminer.com/news/job-search-activity-states-opt-out-unemployment-benefits
Proud Supporter of Tunnel to Towers
Support the USO
Democrat Party...the Party of Infanticide

“Therefore do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.”
-Matthew 6:34