Unemployment dips as 600 a week benefit expires

[Jchrisls]

Did the expired $600 federal jobless benefit keep people from going back to work? Sudden drop in claims adds fuel to debate

Did generous unemployment benefits discourage many workers from returning to their jobs? A big drop in people seeking benefits in the past two weeks after...

www.marketwatch.com

Who'd a thunk it ( sarcasm)

 

[@thewheels]

 

[BDinPutnam]

Let's clarify here.

"Unemployment payments revert to the non-enhanced level they were previously paid at."

 

[Blimey]

Until covid is over we need more eviction moratoriums and $15000/week bump to unemployment. Families need money now!!

 

[Saltwater60]

I see tons of now hiring signs all over.

 

[Plater1]

How many economist predicted this, asking for a friend?

 

[spat]

How many economist predicted this, asking for a friend?

This was as predictable as the tides.

 

[cgrutt]

Funny I was getting something to eat at a bar the other night and bartender was young (22 - 23ish) girl. She was kinda bragging about how much she makes in tips at another bar that she must work at... think she said $1,000 over two nights. She then got into the $400 vs $600 unemployment benefit with another customer and said she has to remember to claim her money... apparently the bar job is off the books. She said she bought a $1,500 pocket book with the money Trump gave her. Really ticked me off lol...

 

[spat]

Funny I was getting something to eat at a bar the other night and bartender was young (22 - 23ish) girl. She was kinda bragging about how much she makes in tips at another bar that she must work at... think she said $1,000 over two nights. She then got into the $400 vs $600 unemployment benefit with another customer and said she has to remember to claim her money... apparently the bar job is off the books. She said she bought a $1,500 pocket book with the money Trump gave her. Really ticked me off lol...

Don't mistake the $600 for being designed to help people who lost their jobs due to covid.

That's not it's purpose.

It was designed to prop up an economy devastated by the lockdown. It was a form of "helicopter money" because they couldn't lower interest rates any further.

She went right out and spent the money, it did exactly what it was supposed to do.

 

[cgrutt]

Don't mistake the $600 for being designed to help people who lost their jobs due to covid.

That's not it's purpose.

It was designed to prop up an economy devastated by the lockdown. It was a form of "helicopter money" because they couldn't lower interest rates any further.

She went right out and spent the money, it did exactly what it was supposed to do.

I understand that it's the fraud that bothers me.

 

[spat]

I understand that it's the fraud that bothers me.

The billion dollar fraud bothers me enough that I can't be bothered about the thousand dollar fraud.

 

[cgrutt]

The billion dollar fraud bothers me enough that I can't be bothered about the thousand dollar fraud.

I think we're talking about the same thing.

 

[Elwood]

I’ve had 3 people this week ask me if my company was hiring, which we’re not anyway, but I’ve noticed more people lately looking for work. Usually I might get one person a month ask, but 3 in a week gets your attention.

As a side rant, it’s almost always someone asking that you can tell is not right to recommend, either physically or mentally. Or thinks that it’s like what you see in the movies and media.

 

[Carlos Hathcock]

I’ve had 3 people this week ask me if my company was hiring, which we’re not anyway, but I’ve noticed more people lately looking for work. Usually I might get one person a month ask, but 3 in a week gets your attention.

As a side rant, it’s almost always someone asking that you can tell is not right to recommend, either physically or mentally. Or thinks that it’s like what you see in the movies and media.

All we need is a little more fear spread by the left, you know like more potential virus spikes / deaths, dead children, millions of dead seniors, etc. to make sure the economy can't recover....especially before November. That's why they released it in the first place.

 

[alistair]

Funny I was getting something to eat at a bar the other night and bartender was young (22 - 23ish) girl. She was kinda bragging about how much she makes in tips at another bar that she must work at... think she said $1,000 over two nights. She then got into the $400 vs $600 unemployment benefit with another customer and said she has to remember to claim her money... apparently the bar job is off the books. She said she bought a $1,500 pocket book with the money Trump gave her. Really ticked me off lol...

Would have pissed me off too.
I'm not rich, but because my wife and I make blue-collar income, and worked throughout the shutdown we got $0.00 from the bailout.