States that halted the boosted federal unemployment benefits prior to their deadline have so far seen roughly the same job growth as the states that didn’t end the benefits early, according to The Wall Street Journal.
The federal government issued several rounds of boosts to unemployment insurance payments, with the last one providing an extra $300 per week to recipients on top of the amount provided by each state. The benefits are set to expire next week, but 25 states, including Louisiana, ended the enhancement over the summer.
Nonfarm payrolls rose 1.33% in July from April in the 25 states that ended the benefits and 1.37% in the other 25 states and the District of Columbia, the WSJ analysis of Labor Department data showed. The payroll figures are taken from a government survey of employers. The analysis compared July totals with April, before governors in May started announcing plans to end or reduce the benefits during the summer.
Economists say the rates of job growth in states that ended and states that maintained the benefits are, from a statistical perspective, about the same. Read the full story.