Evidence still missing that end of extra unemployment pushed people back to work

0 6
A person reads a list of employers as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California.PATRICK T. FALLON | AFP | Getty ImagesThere remains little evidence that states successfully nudged people back to work by ending federal unemployment benefits early, according to economists.Twenty-six states withdrew pandemic-era jobless support in June or July. Their governors, predominantly Republican, believed enhanced jobless aid offered an incentive to stay home instead of work.Data suggests other factors are playing a larger role, according to economists. They cite ongoing health concerns, childcare issues and expanded savings among a host of issues sidelining workers even amid record job openings.Federal benefit programs officially ended on Labor Day in the remaining states. This "unemployment cliff" impacted more than 8.5 million people, who lost all their benefits, Labor Department data issued Thursday suggests.More from Personal Finance:Student loa
Subscribe or log in to read the rest of this content.
Leave A Reply

Your email address will not be published.

At The Centre of Every Trade
$59.95/month