Finance

Job searches jumped 5% in states cutting unemployment benefits: Indeed

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The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed.

At least 24 states have announced their early withdrawal from pandemic-era unemployment programs since early May.

Officials in the states, all led by Republican governors, claim enhanced benefits are keeping people from looking for work. Some are paying one-time bonuses up to $2,000 to people who find and keep a job.

Job searches jumped by 5% the day each state announced its intent to pull out of the federal programs, according to Indeed data. (The increase is an…



Source cnbc.com

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