78.3 F
College Station
Saturday, July 24, 2021

Shocker: Cutting Federal Unemployment Benefits Is Getting People Back to Work

Local News

College Station Bans Traditional Pet Shops

At Thursday's meeting, the College Station city council passed an ordinance that prohibits the sale of non-rescue dogs and cats in pet...

College Station to Vote on ROO in Special Meeting Today

The College Station City Council meets Monday at 4 p.m. at city hall to consider a Restricted Occupancy Overlay (ROO). The ordinance would allow single-family...

College Station Plans on Borrowing Additional $62 Million Without Taxpayer Vote

The College Station City Council voted to begin the process of issuing $62 million in certificates of obligations for capital projects. The...

Brazos Valley Hospitalizations Continue to Decline After Mask Order Rescinded

Texas Governor Greg Abbott issued Executive Order GA-34 on March 2, 2021, and the order went into effect on March 10, 2021....

We can file this one under “water is wet.” Contrary to what Democrats and their close friends and allies in the activist media tried to tell us, extended federal unemployment benefits were one of the primary contributors to the joblessness issue that many states have been experiencing. Small businesses complained bout the lack of available workers to fill necessary positions. Some companies even offered bonuses and $15 per hour to entice people to take jobs.

The issue, of course, was the fact that in many cases, people were being paid more to stay home than to return to the workplace. Naturally, this created a serious problem for businesses struggling to stay afloat after being hit with the COVID-19 pandemic.

But, according to a recent report, jobless claims have been on the decline, particularly in states that nixed federal benefits earlier than September when the payments were supposed to expire. The Wall Street Journal reported: “The number of unemployment-benefit recipients is falling at a faster rate in Missouri and 21 other states canceling enhanced and extended payments this month, suggesting that ending the aid could push more people to take jobs.”

In its report, the Journal referred to an analysis conducted by Jefferies LLC which found that “the number of workers paid benefits through regular state programs fell 13.8% by the week ended June 12 from mid-May – when many governors announced changes – in states saying that benefits would end in June.”

Aneta Markowska, chief financial economist for Jefferies, told the Journal: “You’re starting to see a response to these programs ending.” Workers can still receive state unemployment benefits after the federal payments end.

While the enhanced benefits are set to expire on Sept. 6, many other states are planning to discontinue them sooner. This should be welcome news to struggling businesses. According to Markowska, “employers were having to compete with the government handing out money, and that makes it very hard to attract workers.”

Of course, the decision to end federal benefits is being met with opposition in some states. According to Yahoo News, “workers in Indiana, Texas, and

Continue reading on RedState

More articles

- Advertisement -

State News

Dickson: Eastland Votes to Move Forward to Outlaw Abortion, While Edinburg Abandons Pursuit

On Monday, July 19, Eastland’s city hall was packed, with standing room only, as the city commissioners voted 4-0 on a first reading to...

US Rep. Ronny Jackson Backs Petition for Amarillo City Hall Election

U.S. Rep. Ronny Jackson (R–Amarillo) expressed support this week for a citizen-led plan to put the Amarillo City Council’s latest push for debt in...

Choosing Sides

William Travis famously drew a line in the sand, asking his fellow Alamo defenders to join him in putting their lives on the line...

Choosing A Side

In this 50th episode of the Reflections on Life and Liberty podcast, Michael Quinn Sullivan continues from last week his look at the plains...

All Eyes on Texas?

This week Brandon is joined by Texas Scorecard’s Jeramy Kitchen to talk about the week’s news. Catch The Headline LIVE right here this, and...

Continue reading on RedState