Is Unemployment Bonus Keeping Workers on Sideline?
Economy And Jobs,Unemployment,Economic Policy,Coronavirus Recovery
Despite a stubbornly high unemployment rate of 6.1% in April — representing 9.8 million people who say they are actively looking for work — many employers are reporting that they can’t find people to hire.
Republicans say the $300 a week supplement to unemployment insurance, which for many Americans amounts to a pay raise, is so generous that it is acting as a disincentive for people to return to work.
President Joe Biden, meanwhile, dismisses that suggestion, saying on May 10, “we don’t see much evidence of that.”
“Americans want to work,” Biden said. “I think the people who claim Americans won’t work even if they find a good and fair opportunity underestimate the American people.”
After the Bureau of Labor Statistics reported a disappointing gain of 266,000 jobs in April, a reporter asked Biden if the enhanced unemployment benefits were “diminishing a return to work in some categories.”
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