The Extra $300/Week Unemployment Benefits Encouraged Many to Not Work: Details about the Labor Shortage Pile Up | Wolf Street

In the 27 states that have ended the extra $300 a week in federal unemployment benefits, paid on top of the regular state unemployment insurance, people are returning to work at a much faster rate than in states where the extra $300 a week are still being paid: this was further confirmed today by the unemployment insurance (UI) data from the Labor Department.

At the end of June, Texas and Florida joined the group of states that ended the extra $300 a week (the Enders). These states are still paying the regular state unemployment benefits; only the federal top-off $300 a week was ended. Since the end of June, the combined continued claims (the number of people having claimed unemployment insurance for more than a week) of the 27 Enders dropped by 25%.

Over the same period, the continued claims by the states that kept the extra $300 a week (the Keepers) dropped by only 11%. In other words, continued UI over just those weeks since the end of June dropped over twice as fast in states that had ended the extra benefits:

via wolfstreet.com

It’s almost as if people do not bus tables and wash dishes to actualize themselves and personally flourish. I just don’t get it.