Posted on

Will cutting off federal unemployment benefits shake up the job market?



Share

Daily Business BriefingAug. 5, 2021Updated Aug. 5, 2021, 8:45 a.m. ETAug. 5, 2021, 8:45 a.m. ETEconomists in Wall Street and in Washington will be parsing employment data Friday for any hint at whether workers are prodded back into the labor market as federal unemployment insurance benefits are cut off.This will be the first jobs report that may reflect an increase in labor supply and hiring from the loss of benefits, because about half of the states had ended a $300-a-week federal supplement by the time of data collection. That money expires at a federal level on Sept. 6, but some states — all but one led …

Read More