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Boosted unemployment benefits supported the labor market better than expected, University of Chicago study says

Unemployment benefits

Summary List Placement

The federal government kicked in a lot more money to people on unemployment from April through July of last year, and again starting last September, and now the experts are starting to pick over the findings.

They’re surprised.

A new study conducted by researchers at the University of Chicago and the JPMorgan Chase Institute found the extra aid actually defied experts’ models and played a larger role than expected in not just keeping Americans solvent, but in padding the labor market, too.

Relief packages passed throughout the coronavirus pandemic have boosted unemployment insurance by varying degrees as details ⇒

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