Happening Now: The jobs report was so bad this morning, the U.S. Chamber of Commerce is calling on the federal government to end the enhanced unemployment payments that millions are collecting. Many believe that workers are making more money by remaining unemployed instead of going back to work.
“The U.S. Chamber of Commerce called Friday for states to stop offering a $300 weekly boost to unemployment insurance payments in the wake of April’s below-expectations jobs report,” according to The Hill.
“The influential business trade group argued that the additional support for jobless workers is preventing Americans from seeking employment and should be pulled back before it is set to expire in September.
“‘The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,’ said Chamber Executive Vice President Neil Bradley…
“The Labor Department reported Friday that the U.S. added just 266,000 jobs last month, well below the 1 million-plus gain projected by economists. The significant undershoot came after months of businesses across the U.S. reporting difficulty hiring workers, which some have attributed to enhanced unemployment benefits extended by President Biden in March.” [emphasis added]
Please share your thoughts by emailing [email protected]. Should the federal government stop paying $300/week in enhanced unemployment benefits? Why or why not?
JUST IN – U.S. Chamber of Commerce reacts to disastrous April jobs report: “End the $300 weekly supplemental unemployment benefit”
— Disclose.tv 🚨 (@disclosetv) May 7, 2021