The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on July 18, 2021, 01:38:04 pm
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Fewer People Are Filing For Unemployment In States That Cut Pandemic Bonus, Data Shows
Thomas Catenacci
Reporter
July 17, 2021 3:23 PM ET
States that withdrew from the federal pandemic unemployment bonus in June saw improving jobs numbers and fewer individuals filing for benefits compared to other states, Department of Labor data analyzed by the Daily Caller News Foundation showed.
“I continued to see increases in the number of unemployed and, in some weeks, increases in the new regular claims that were coming in,” Republican Mississippi Gov. Tate Reeves, who was among the first governors to cancel the benefit, told the DCNF in an interview. “So I felt we had to make a decision because if we wanted to experience a full economic recovery, we had to get our people back to work.”
The states that stopped offering residents the federal benefit in early June experienced a 33% drop in new jobless claims filed compared to the roughly 4% decline seen in states that didn’t withdraw from the program, according to the data.
States that withdrew from the federal pandemic unemployment bonus in June saw improving jobs numbers and fewer individuals filing for benefits compared to other states, according the Daily Caller News Foundation’s analysis of federal data.
The states, most of which are Republican-led, that stopped offering residents the federal benefit in early June experienced a 33% drop in new jobless claims filed compared to the roughly 4% decline seen in states that didn’t withdraw from the program, Department of Labor data analyzed by the DCNF showed. Governors pulled out of the Federal Pandemic Unemployment Compensation (FPUC) program, a weekly $300 bonus given to out-of-work Americans on top of state benefits, due to stagnating job growth and a worsening nationwide labor shortage.
“I continued to see increases in the number of unemployed and, in some weeks, increases in the new regular claims that were coming in,” Republican Mississippi Gov. Tate Reeves told the DCNF in an interview. “So I felt we had to make a decision because if we wanted to experience a full economic recovery, we had to get our people back to work.”
more
https://dailycaller.com/2021/07/17/united-states-economy-unemployment-joe-biden-jobless-claims/
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I'm shocked. Shocked I tell you.
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I'm shocked. Shocked I tell you.
As am I.