It’s August and the economy is finally starting to pick up—but only in states that have opted out of the disastrous unemployment bonus.
FGA just released two brand-new papers covering the economic boom in opt-out states. And one of the papers features never-before-seen data: our Arkansas tracking study.
Data provided by the state’s Division of Workforce Services shows how much of an economic boon opting out of the federal unemployment bonus was for Arkansas. Unemployment spending has plummeted. Hiring has skyrocketed. Job registration is up by nearly 30 percent!
Arkansas Governor Asa Hutchinson even cited our report in a recent press conference.
This is an exclusive case study on how rejecting job-killing unemployment expansions can help a state regrow its economy.
Our second paper addresses the rise of the new welfare program: unemployment benefits.
We all know that increased unemployment benefits and relaxed standards are creating dependency, not to mention leaving small businesses struggling to hire staff.
Don’t miss our latest video featuring a real-life small business owner and how the unemployment bonus left him struggling to hire workers:
Mr. Defibaugh’s story isn’t unique. Many small businesses across the country still have a difficult time finding workers. That’s why it’s so important to ensure the unemployment bonus expires in September.
We just saw President Biden unilaterally and illegally extend the eviction moratorium despite the recent order from the Supreme Court. He can’t be allowed to do the same with the unemployment bonus next month. Our economy depends on workers being back on the job. Extending the UI bonus will only keep holding our economy back.
That’s also why we sent a letter, signed by 23 others, to Senate Minority Leader Mitch McConnell urging him to hold the line on ending pandemic unemployment benefits and Biden’s anti-work child tax credit.