CNBC Reports U.S. Governors
Terminating Unemployment Benefits Has Not Resulted
In People Going Back To Work
August 5. 2021
Joe Biden
Governors in 28 U.S. states
terminated the unemployment benefits of Americans,
stating it was making people not want to work and
damaging the economy. The government was of the
belief opting out of federal unemployment benefits
that gave Americans $300 per week, would boost the
economy. However, as I pointed out months ago, that
is wrong.
New data released this week has
revealed terminating the unemployment benefits did
not stimulate the economy or get people back to
work. The CNBC news channel reported "Data suggests
ending federal unemployment benefits early is not
getting people back to work.”
As stated in a previous article on
the site in the June 28, 2021 item "U.S. Economy Still Struggling To
Find Workers Leading To Some States Cutting Unemployment Benefits
(Video)", Americans are complaining of poor working conditions
and lack of job rewards/satisfaction.
In related news, a number of people
and organizations have filed lawsuits in many U.S.
states, demanding the reinstatement of the
aforementioned federal unemployment benefits. They
cite the fact some Americans can't find work as the
reason they need the financial assistance to
continue until they get back on their feet.
Americans on social networking are
also demanding another round of stimulus checks. A
round of $2,000 checks for each American. U.S.
economic spending is down and it would stimulate the
business sector, which has massively fallen behind
China.
RELATED ARTICLES
Joe Biden Administration And
Congress Working On Fourth Round Of Stimulus Checks As Consumer Spending
Sputters
The U.S. Economy Is In Freefall Due
To The Coronavirus Pandemic And President Joe Biden's Policies
U.S.
Retail Sales Down As Stimulus Payments Wane On
Tanking Economy
President Joe Biden Struggling With
The Tanking U.S. Economy
|
|
|
|
|
