MS opting out of federal unemployment benefits in June

Mark Warner in a suit and tie Sen. Mark Warner. Al Drago  Stringer

Mark Warner in a suit and tie Sen. Mark Warner. Al Drago Stringer

After many conversations over the last several weeks with MS small business owners and their employees, it has become clear that the Pandemic Unemployment Assistance (PUA) and other like programs passed by the Congress may have been necessary in May of last year but are no longer so in May of this year. Meanwhile, some USA businesses are reportedly having a hard time finding workers.

Almost 40 percent of workers could make more on unemployment at the $300 level than they would earn by returning to work, according to American Action Forum, a center-right policy institute. With the federal supplement, Americans are receiving about $630 in weekly unemployment benefits.

Rep. Kevin Brady (R-Texas) accused the White House of being "in denial" that many businesses are struggling to hire more people. More states are expected to follow suit.

Congressional Democrats are giving Biden plenty of room to try to broker a deal, but they are preparing for the possibility of moving a massive spending bill along strictly party lines if Republicans do not join in negotiations, according to multiple interviews with congressional and White House sources.

"Anyone collecting unemployment who is offered a suitable job must take the job or lose their unemployment benefits", Biden said, adding that there are some COVID-19-related "exceptions".

"My guess is we'll come back to this economy where we have equilibrium between labor supply and labor demand", he said.

President Joe Biden again pushed back on the theory that increased unemployment benefits passed through the latest round of COVID-19 stimulus was causing a labor shortage, saying instead that other factors like lack of childcare options or lack of high-paying jobs were to blame.

Alberta shifting AstraZeneca supply to second dose appointments only
In Canada, at least 12 cases have been confirmed out of more than two million doses given and three women have died. That would allow people who got AstraZeneca first to be given Pfizer or Moderna for their second dose.

"People respond to incentives", Krugman wrote. The benefits, which critics say pay unemployed people more than they would earn if they found a job, were extended through September under the Biden plan.

Treasury Secretary Janet Yellen acknowledged that business owners are having difficulty in hiring workers. Powell said if it is a factor, it won't be in a few months, when the program expires. But we're not going to turn our backs on our fellow Americans.

She criticized the Biden administration for "caving to pressure from teachers' unions".

"Let's be clear: Our economic plan is working".

However, the former IRS chiefs did not actually comment on how the proposals would impact economic growth.

According to him, what really jumpstarted the US economy following the financial crisis of 2007-2008 were the Trump administration's deregulation efforts and the 2017 tax reform. "I think that should be emphasized more", Taylor said.

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