A recent study by Arin Dube and Suresh Naidu found that in 22 states who ended enhanced unemployment benefits in June, approximately 25% of those no longer receiving benefit had found work as of August. Compare that to 21.5% of the unemployed in states that did not end these benefits. Not a whole lot of difference.
But there was one big difference: in the states that ended the benefits, while average earnings rose among those who had been receiving benefits by $14 per week, the benefits they lost were $278 per week. Spending by this cohort also decreased by $145 per week.
Unfortunately, these benefits are scheduled to end for the rest of the country on September 6th unless Congress acts.
Enough said.
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