Monday, June 21, 2021

Nine More States Ended Pandemic Unemployment Bonuses on Saturday; 9 Reasons Why Federal Unemployment Bonus Subsidies Need to Go, and other C-Virus related stories

Nine More States to End Pandemic Unemployment Bonuses on Saturday:
On Saturday, nine states will join Iowa, Mississippi and Missouri in ending their pandemic-related unemployment benefits early in an effort to encourage people to go back to work.
CBS News reported these states are Alabama, Alaska, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia and Wyoming.
And by the end of July, an additional 14 states will join them in eliminating or modifying the federal bonus.
Of the 26 states going this route, only one has a Democratic governor: Louisiana.
How Did We Get Here? --->READ MORE HERE
Photo: Anna Moneymaker/Getty Images
9 Reasons Why Federal Unemployment Bonus Subsidies Need to Go:
Now 15 months after Congress first responded to the COVID-19 pandemic, it’s evident that unprecedented federal unemployment insurance bonus benefits are hurting the recovery, making it harder for businesses to find the workers they need to recover, and harder for consumers to find the products and services they want at prices they can afford.
Moreover, prolonged unemployment benefits contribute to a smaller economy, higher deficits, and most importantly, poorer outcomes for the long-term unemployed.
President Joe Biden claimed that generous unemployment compensation has not had a “measurable” effect on the poor jobs recovery and worker shortages.
And in response to 25 governors announcing they would end the $300/week federal unemployment bonuses early so that employers in their state no longer have to compete with the federal government, Biden is trying to find a way to keep the federal unemployment bonuses coming—despite those governors’ attempts to aid their states’ recoveries. --->READ MORE HERE
Follow links below to related stories and resources::

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USA TODAY: Coronavirus Updates

WSJ: Coronavirus Live Updates

YAHOO NEWS: Coronavirus Live Updates

NEW YORK POST: Coronavirus The Latest

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