Cuts to unemployment benefits didn’t spur jobs, says report

Posted on AllSides April 22nd, 2022
From The Center
John Paraskevas/Newsday RM via Getty Images

State cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn’t play a big role in labor shortages, according to research.

The federal government greatly expanded the social safety net for the jobless in March 2020. It offered hundreds of dollars in additional weekly benefits to individuals and gave aid to millions of previously ineligible people, like gig workers and the self-employed.    

Governors of roughly half the states, most of them Republican, withdrew federal benefits in June or July 2021 —...

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106219/83918
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2022/04/22/cuts-to-unemployment-benefits-didnt-spur-jobs-says-report.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right