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It's almost like he's trying to make america great again. Where's all the gloating and tweeting? Golfing?
SourceThe better than expected June jobs report indicates the policies of Republican-led states are helping speed the recovery.
Republican governors in 25 states have opted to end the enhanced unemployment benefits programs that many businesses said were pricing workers out of the labor market. The extra $300 per week brought average weekly unemployment benefits up to $620, the equivalent of almost $18 dollars per hour.
As a result, a job paying as much as $25 per hour — the equivalent of a $45,500 per year salary — only offered workers an extra $7 per hour. That’s the equivalent of making $12,700 for a full-time job. Many people who would otherwise seek employment will value their leisure or non-economic work as more valuable than that and choose to keep collecting unemployment benefits.
One sign in the June report that ending the enhanced program is getting workers back on the job is the increase in the workforce participation rate for prime-age workers. This group, which is workers aged 25 to 54, saw its participation rate rise from a seasonally adjusted 83.3 percent in May to 83.7 percent. This is precisely the group we would expect to be returning to the workforce because of the end or imminent end of supersized jobless benefits.
Feel free to show me anyone who wouldn't jump at the chance for a $7 per hour raise. That's over $1,000 per month AND they'd have the satisfaction of knowing they were actually earning their money. Anyone who believes that doesn't make a difference has never been on public assistance.
It's almost like he's trying to make america great again. Where's all the gloating and tweeting? Golfing?
All the party loyal comrades licking thug (D)'eez boots for finally taking their jackbooted heel of the throat of the economy juuuuust a bit.
LOL...fucking pathetic.
Chuckles...thank you President.Biden!
You're not Histrionic