Naples, FL–Earlier this week, the U.S. Bureau of Labor Statistics (BLS) released June’s Job Openings and Labor Turnover report. BLS found that job openings increased by 6.2 percent over a single month to a record-high of 10.1 million job openings in June.
Compared to the same month last year, open jobs have spiked by nearly 65 percent. In fact, June’s open jobs figures are the highest ever reached since BLS began tracking and reporting job openings more than two decades ago.
Additionally, the sharpest increase in job creation occurred in regions where the $300 weekly unemployment bonus was ended. For example, in the South, where 75 percent of states have opted out of the unemployment bonus, the hire rate reported by BLS was 4.9 percent. But in the Northeast, where nearly 90 percent of states have continued the unemployment bonus, the hire rate was the lowest in the nation at just 3.7 percent.
“States that have chosen to end the $300 weekly unemployment bonus are leading America’s economic comeback and driving job creation,” said Hayden Dublois, Senior Research Analyst at FGA. “With job openings reaching a record high, now more than ever is the right time to end congressional unemployment bonus and extension programs so Americans can get back to work.”
The Foundation for Government Accountability is a non-profit, multi-state think tank that specializes in health care, welfare, and work reform. To learn more, visit TheFGA.org