x

Economy

Chamber of Commerce Seeks End to Enhanced US Jobless Aid

The U.S. Chamber of Commerce is calling for Washington to immediately stop paying out-of-work Americans an extra $300 a week in unemployment benefits, saying the boost in government aid is giving some recipients less incentive to look for work.

The business group said Friday that the supplemental unemployment benefit, part of the Biden administration's efforts to support the pandemic-ravaged economy, results in about one in four recipients taking home more in unemployment pay than they earned when they were working.

The statement follows the release of surprisingly weak jobs data for April. On Friday, the Labor Department said U.S. employers added just 266,000 jobs last month, a big drop from March and well below the nearly 1 million jobs economists were expecting, according to FactSet. 

"The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market," said Neil Bradley, the Chamber's executive vice president and chief policy officer. "We need a comprehensive approach to dealing with our workforce issues and the very real threat unfilled positions poses to our economic recovery from the pandemic." 

U.S. companies have added jobs for four straight months, but some employers complain that they can't find workers, despite an elevated unemployment rate.

As more people have begun looking for work, more are being counted among the jobless: The unemployment rate ticked up in April to 6.1% from 6% in March. 

While some low-income workers may be reluctant to look for work because they are receiving a federal boost in aid, on top of state benefits, other factors may be keeping some Americans from returning to work, including fear of contracting the coronavirus or because they need to care for children who haven't returned to school. 

RELATED

WASHINGTON (AP) — The number of Americans applying for unemployment benefits slipped last week as the U.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

It’s Not as World-Famous as Ramen or Sushi. But the Humble Onigiri is Soul Food in Japan

TOKYO (AP) — The word “onigiri” became part of the Oxford English Dictionary this year, proof that the humble sticky-rice ball and mainstay of Japanese food has entered the global lexicon.

NEW JERSEY – The Hellenic Federation of New Jersey held its 11th Annual Awards Gala on June 23 at the Greek-owned catering hall The Graycliff.

LEIPZIG, Germany  — Italy substitute Mattia Zaccagni scored in the last minute of stoppage time for Italy to advance to the knockout stage of the European Championship after drawing Croatia 1-1 on Monday.

DUESSELDORF, Germany  — Spain changed almost its entire lineup and still kept up its victorious start to the European Championship with a 1-0 win over Albania, which was eliminated on Monday.

ATHENS, Greece  — Greece on Monday accused neighboring North Macedonia’s new center-right government of breaking a historic deal on the country’s name, warning that this could harm its hopes of one day joining the European Union.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.