Summary List Placement

The move to cut federal unemployment benefits in red states is “tied to politics, not economics,” according to a Tuesday note by the economic research team at JPMorgan. 

The note refers to two dozen GOP-run states deciding to end their federal unemployment benefits early, leaving 4 million workers set to lose an extra $300 per week months before the law dictates.

The team said the programs are likely contributing to the limited amount of workers currently searching for new jobs. But it noted that neither unemployment rates, earnings growth, nor participation levels are driving states to details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com