House Republicans are urging President Biden to end federal unemployment benefits as the country pulls itself out of the Coronavirus pandemic. The extra benefits provided out-of-work Americans with an extra $300 a week but as the economy bounces back a number of GOP-led states have already begun refusing the extra aid amid claims there were more than enough jobs.
In a letter to Brian Deese, the director of the National Economic Council, first obtained by FOX Business, four GOP lawmakers called on the White House to end the jobless supplement before it officially expires on Sept. 6, 2021, citing anemic job growth and a burgeoning labor shortage.
“Enhanced unemployment benefits and public school closures in certain states are weighing down an American economy trying to rebound from the COVID-19 pandemic,” the Republicans – led by Rep. James Comer, R-Ky. – wrote. “It is past time for Americans to get back to normal. It is past time to end the stay-at-home bonus, reopen schools for full in-person instruction, and incentivize Americans to get back to work.”
The letter comes on the heels of the May jobs report, which revealed that employers added 559,000 jobs last month, missing Wall Street’s expectations for a gain of about 650,000. It marked the second consecutive miss for job creation: In April, the economy added a revised 278,000 jobs, much smaller than the 1 million forecast by Refinitiv economists.
The lackluster payroll growth has ignited concerns about a labor shortage and its potential impact on the economy’s tepid rebound from the pandemic. Employers are struggling to fill available positions – in April, there were a record 9.3 million open jobs – forcing them to reduce hours, pay overtime and raise prices.
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