Did the expired $600 federal jobless benefit keep people from going back to work? Sudden drop in claims adds fuel to debate

Posted on AllSides August 14th, 2020
From The Center

Did generous unemployment benefits discourage many workers from returning to their jobs? A big drop in people seeking or receiving benefits in the past two weeks after the end of a $600 federal stipend hints the answer might be yes.

Initial jobless claims fell to 963,000 in early August, a decline of almost 500,000 from two weeks earlier. New applications had largely been flat at around 1.5 million a week from June to mid-July.

The number of peopled receving benefits, meanwhile, tumbled by 1.5 million in the last two weeks...

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https://www.marketwatch.com/story/did-the-expired-600-federal-jobless-benefit-keep-people-from-going-back-to-work-sudden-drop-in-claims-adds-fuel-to-debate-2020-08-13

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