And today is also Labor Day - celebrate by cutting...

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...unemployment benefits.  I think that the people who first implemented these could have chosen a better date to end them.   And why all at once? Odd. London Daily Mail:

Biden takes selfies with union workers during Labor Day weekend trip to Delaware as more seven million Americans see their unemployment benefits end TODAY

    • President Biden made a surprise Labor Day visit to a local electrical workers union, lasting roughly 30 minutes
    • He was all smiles socializing with a friendly crowd as millions of Americans lose COVID benefits the same day
    • Four types of special COVID unemployment benefits all end on Monday, 18 months after the pandemic began
    • They include unemployment that 7million people couldn't previously claim but did over the last 18 months
    • They also include a boost of $300-per-week to people who were claiming regular unemployment
    • It comes after a disappointing jobs report in August - only 235,000 new jobs were recorded
    • Some say ending the payments so abruptly is dangerous given how growth is slowing
    • Morgan Stanley now predicts the economy will grow annually by just 2.9% - down from 6.5% earlier this year

President Joe Biden made a surprise visit to an electrical workers' union hall on Labor Day where he was all smiles socializing with blue collar workers there - as millions of Americans lose their federal COVID pandemic unemployment benefits.

The International Brotherhood of Electrical Workers (IBEW) Local 313 in Delaware represents 700 active members.

And those benefits:

Meanwhile, more than 7million Americans will lose federal unemployment benefits today and an additional 3million will stop receiving a $300 weekly boost on checks as emergency COVID payments expire.

Four types of specialized unemployment payments that were created because of COVID end on Monday.

They are; the Federal Pandemic Unemployment Compensation ($300 weekly boost on existing payments), Pandemic Emergency Unemployment Compensation (for those who already exhausted their state unemployment benefits), Mixed Earners Unemployment Compensation ($100-per-week for people who previously worked as a contractor and employee) and Pandemic Unemployment Assistance (which widened who could apply for unemployment).

Today, 18 months after they were first created, Americans will no longer be able to claim any of them.

Many say the expiry is overdue and that the inflated benefits drove a labor shortage because people could make more money doing nothing than they did in certain jobs.

Which will be good for the real job numbers. Our tax dollars at work.
Again, I have zero problem with a hand-up but it should not become a lifestyle.

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This page contains a single entry by DaveH published on September 6, 2021 2:22 PM.

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