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States Cut Benefits; People Return to Work


The number of unemployment-benefit recipients is falling at a faster rate in 22 states canceling enhanced and extended payments this month, suggesting that ending the aid could push more people to take jobs.

Federal pandemic aid bills boosted unemployment payments by $300 a person each week and extended those payments through early September, but states can opt out before then.

Four states cut off payments as of June 12. Seven states followed with an end on June 19, and this weekend, benefits are expiring in 10 more states. Four more states will curtail benefits by July 10.

The number of workers paid benefits through regular state programs fell 13.8% by the week ended June 12 from mid-May—when many governors announced changes—in states saying that benefits would end in June, according to Jefferies LLC economists. That compares with a 5.7% decrease in states ending benefits in September. 

Related Content: CT Employment Has Plummeted; Can State Recover

Read full article in The Wall Street Journal

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