Statement on the U.S. Department of Labor Unemployment Insurance Trends
- BY FGA
Naples, FL — On Thursday, the U.S. Department of Labor released the latest unemployment weekly claims report, indicating that new unemployment claims have increased for the third consecutive week.
As the expiration of the $300 weekly unemployment bonus draws nearer, states that have opted out of the bonus have seen fewer people file for unemployment. In contrast, states continuing to provide the unemployment bonus have seen a 16 percent increase in new claims since early June. Similarly, states continuing the bonus saw their unemployment rolls grow again last week.
“State leaders are proving that ending enhanced unemployment bonuses can reignite the economic recovery for workers and businesses alike,” said Hayden Dublois, Senior Research Analyst at FGA. “This recent report highlights the sluggish economic recovery many states are experiencing as a result of the continued unemployment bonus. It is absolutely vital that the unemployment bonus programs end in order to encourage unemployed individuals to return to the workforce quickly, help fill the millions of open jobs across the country, and ensure small businesses can prosper.”
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