US Senator Ben Sasse this week introduces legislation that would redirect expanded unemployment benefits in the event of a pandemic to “signing bonus” payments for new hires.
Sasse said he would introduce legislation following last week’s federal employment report, which he said was “disappointing.”
According to the report, the US economy added just 266,000 jobs in April. Last year on Grand Island, at the height of the pandemic, the unemployment rate on Grand Island peaked at 11.4%. Grand Island’s unemployment rate in March was 3.3%.
âA year ago, before we had vaccines, expanded unemployment benefits started paying more than labor,â Sasse said.
“The emergency need was real, but the emergency plan was flawed.”
He said the plan now penalizes people who return to work.
âNow, with millions of Americans getting vaccinated every day, we have lousy job numbers – 7,400,000 jobs are available, but less than 300,000 people returned to work last month,â Sasse said.
One of the main factors behind slowing job growth, according to staffing industry analysts, is the additional $ 300 per week in federal unemployment benefits available through Labor Day (September 6) .