Opening Opportunity: Tying Unemployment Benefits to Economic Conditions
Indexing unemployment benefits is a proven solution to growing problems in state unemployment programs. By indexing the time spent on unemployment to the state unemployment rate states can increase employment, grow their economies, lower taxes, and build up their UI trust funds.
The current unemployment system incentivizes individuals to sit on the sideline when there has never been a better time to find work. Policymakers need to take advantage of the booming economy and move more of the unemployed back into the workforce.
Policymakers must act now to fill open jobs, help employers, move enrollees to independence, and keep the U.S. economy growing and thriving.