Sasse offers ‘signing bonus’ for unemployed workers who find a job
Senator Ben Sasse has announced that he will introduce legislation that would reallocate extended unemployment benefits to signing bonuses for new employees, after this week’s disappointing employment report.
Sasse said the bill would convert the expanded federal pandemic unemployment benefit, which currently stands at $ 300 per week, into a two-month signing bonus “equal to 101 percent of their payment. current unemployment “.
“A year ago we had vaccines, expanded unemployment benefits started paying more than labor. The emergency need was real, but the emergency plan was flawed,” the Nebraska Republican said. in an emailed statement announcing the bill, according to The Hill.
UNEMPLOYMENT BENEFITS BECOME TARGET IN CASE OF HIRING DIFFICULTY
The April jobs report released on Friday showed that the U.S. economy had largely missed Wall Street’s expectations, adding 266,000 new jobs as the country continued to recover from the COVID-19 pandemic.
The unemployment rate also unexpectedly rose to 6.1%. While still well below the April 2020 high of 14.7%, it’s about double the pre-crisis level, the Ministry of Labor said in its monthly payroll report, released. Friday morning. Economists polled by Refinitiv said they expected the report to show unemployment to fall to 5.8% and the economy to create 978,000 jobs.
“The emergency UI program now penalizes people for returning to work,” Sasse continued.
“Today, when millions of Americans are vaccinated every day, we have a lousy number of jobs – 7,400,000 jobs are available but less than 300,000 people returned to work last month,” he said. -he declares.
Since the coronavirus pandemic took off, Congress has increased jobless payments on several occasions, first adding $ 600 to weekly payments in the CARES Act through December and more recently adding a weekly supplement of $ 300 which will last until September.
COMPANIES OFFERING HIRING INCENTIVES TO ATTRACT WORKERS DURING COVID-19 STATE REOPENERS
The White House did not seem concerned with the jobs numbers.
“Today there is more evidence that our economy is moving in the right direction,” Biden said, while acknowledging, however, that “it is clear that we have a long way to go.”
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“You might think we should be disappointed,” Biden said of the numbers, but claimed that the “US bailout,” which was passed at the end of March, “was designed to help us. over the course of a year – not 60 days. “