had sought to end the supplemental aid programs but were blocked by court rulings. Nationally, the programs will all expire in early September.
The long-term decline in applications for jobless aid coincides with accelerating economic growth. The U.S. economy is thought to have expanded briskly during the April-June quarter as Americans, flush with cash from stimulus checks and from stock market and home equity, stepped up their spending.. Retail sales are roughly 20% above pre-pandemic levels.employers added a healthy 850,000 jobs
The June jobs data also suggested that workers were enjoying an advantage as companies, desperate to fill positions, offered higher wages. Average hourly pay rose a solid 3.6% compared with a year earlier. That said, the economy still has 6.8 million fewer jobs than it did before the virus erupted in March of last year.
The same week as the enhanced child tax credit. Coincidence?
People going back to work at the jobs where businesses were forced to shut down, is not creating new jobs.
How can that be? Biden claims to have created over 20 million jobs.
good job biden
THANKS BIDEN!
Lazy.
The job market appears to be rebounding on the strength of a reopened economy. Americans are shopping, traveling and eating out more as the pandemic has waned.