FIRST-TIME JOBLESS CLAIMS HIT 376,000, JOB CREATORS NETWORK REACTS
The Department of Labor revealed the number of first-time unemployment claims was 376,000 last week.
“First-time jobless claims remain about twice as high as they were pre-pandemic. Meanwhile, the number of job openings surged 12% in April to 9.3 million – an all-time record. There’s no mystery as to what’s happening here. President Biden’s overly-generous unemployment benefits are incentivizing people to sit on the couch instead of rejoining the workforce. These benefits will continue through September, artificially slowing our recovery. Biden himself seems to recognize the problem, publicly stating that he won’t extend these benefits once they expire. But that’s good enough. Congress should follow the example of the 25 states that are withdrawing early from federal unemployment programs. Alaska, Iowa, Mississippi and Missouri are the first to do so, effective June 12. Congress should cancel the benefits immediately, instead of waiting another three months. Our recovery will be in limbo until then.”
In March, RealClearPolitics published Mr. Ortiz’s op-ed, Biden’s Presidency Is the Modern Version of Jimmy Carter’s. To read it, click here.
In April, JCN released a backgrounder, “Biden and the Democrats’ War on Small Business.” The backgrounder summarizes the Democrats’ job-killing agenda in four areas: taxes, the minimum wage, lockdowns, and the PRO Act. To read it, click here.