The number of unemployment-benefit recipients is falling at a faster rate in Missouri and 21 others states canceling enhanced and extended payments this month, suggesting that ending the aid could push more people to take jobs.
The benefits are set to expire in early September, but states can opt out before then.
Missouri cut off payments as of June 12, joining three other states as the first to do so.
Seven states followed with an end on June 19, and this weekend, benefits are expiring in 10 more states.
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 an analysis by Jefferies LLC economists.
That compares with a 10% decline in states ending benefits in July, and a 5.7% decrease in states ending benefits in September.
"It's crazy how quickly" things seem to be ramping up, she said, noting that workers in other states where Midas operates and the federal benefits are still in place appear reluctant to re-enter the workforce.
Sunday, June 27, 2021
Americans Are Leaving Unemployment Rolls More Quickly in States Cutting Off Benefits
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