Many people are receiving more in unemployment benefits than they would earn in the available jobs. Some employers and economists cite enhanced unemployment benefits as another factor. More than 16.1 million people received unemployment benefits the week ended April 17, the Labor Department said Thursday. He hasn’t worked since, supporting himself on savings, stimulus checks and unemployment benefits, which have been about $750 a week in recent months. Other economists, including Heidi Shierholz, senior economist at the Economic Policy Institute, a left-leaning think tank, say unemployment benefits’ disincentive effect is overstated.

Source: Mint May 06, 2021 18:13 UTC