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Extra unemployment benefits aren’t holding back the US economy ...Middle East
Today’s US jobs report found that 850,000 new jobs were created in June, another sign of the recovery from the pandemic recession.This news suggests that worries about expanded unemployment insurance slowing hiring were overblown. The bonus payments to Americans without a job were designed to help those whose employers were forced to close by the virus, but their generosity was seen by some economists and employers as a reason for people to delay returning to work.The likelier reason for the more disappointing jobs numbers in recent months is, you guessed it, the pandemic. Even this month, 6.2 million people said they weren’t working because “their employer closed or lost business due to the
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