Jobless Benefit Cancellations Looming As Employment Growth Slows – By Lauren Dubois (IB Times) / May 15 2021
With many starting to panic over the April Job report, which showed a major slowdown in growth from March, some have begun to wonder what options may be left for those who are seeking employment—especially as pandemic area jobless benefits begin to expire and face cancellation in several states.
After the April Jobs report showed a slowdown in growth from 770,000 new jobs in March to just 266,000, many quickly blamed the unemployment insurance benefits which are set to officially expire in September of this year, which includes a $300-a-week supplement to those who are still out of work due to the COVID-19 Pandemic. However, the slowdown in growth applied mainly to mid-wage jobs, not ones on the lower end of the spectrum, the New York Times reports.
Still, off that news, many states, most with Republican governors, have announced plans to end the benefits within the next 30 days, leaving their unemployed residents very little time to find work.
“The states are giving them 30 days to find a job,” Andrew Stettner, an unemployment insurance expert told Yahoo Money. “Most of these workers won’t find a job within those 30 days. Most of them are going to have zero in unemployment benefits.”
CONTINUE > https://www.ibtimes.com/jobless-benefit-cancellations-looming-employment-growth-slows-3199622
