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Fri May 7, 2021, 02:58 PM

US Chamber of Commerce calls for ending extra unemployment benefits after disappointing jobs report [View all]

Source: Yahoo Money

The U.S. Chamber of Commerce is calling on Congress to cancel the extra $300 in weekly unemployment benefits, citing worker shortages.

"The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market," U.S. Chamber of Commerce Chief Policy Officer Neil Bradley said in a statement on Friday. "One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit. Based on the Chamberís analysis, the $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working."

The U.S. economy added much fewer jobs than expected in April, with employers increasing their payrolls by 266,000 jobs, well below the 1 million that economists expected, according to consensus data compiled by Bloomberg. The economy is still 8.2 million jobs short of its February 2020 pre-pandemic levels.

The Chamber's support for canceling benefits comes after South Carolina and Montana announced plans this week to eliminate their federal jobless benefits starting next month.




Read more: https://money.yahoo.com/us-chamber-calls-for-ending-the-extra-300-in-unemployment-benefits-after-disappointing-jobs-report-151828040.html



I've been on unemployment before. It really doesn't pay shit. It doesn't say much for the wage being offered if one is making more on unemployment.

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