A few states have said they will offer citizens a one-time bonus upon accepting a new job to help stimulate economic growth. As the country continues to bounce back from the Coronavirus pandemic which ravaged the economy more states are starting to turn down extra unemployment benefits from the government as they say their states have plenty of available jobs.
At least four Republican-led states – Arizona, Montana, New Hampshire and Oklahoma – will give workers up to $2,000 when they accept a new job. The initiative is in lieu of the federal unemployment program that provided out-of-work Americans with an extra $300 a week, on top of their regular state benefits.
“In Arizona, we’re going to use federal money to encourage people to work instead of paying people not to work,” Gov. Doug Ducey said last week.
Arizona, Montana, New Hampshire and Oklahoma are among the 23 states that have announced they will prematurely end the federal jobless aid program, which is not slated to expire until Sept. 6, 2021.
The new measures come in light of the Labor Department’s April payroll report, which revealed the economy added just 266,000 jobs last month – sharply missing the 1 million forecast by Refinitiv economists. GOP lawmakers were quick to blame the extra unemployment aid for the lackluster job growth, although experts have also cited a lack of child care and fears of contracting COVID-19 for the hiring shortage.
Keep reading at Fox Business.