FIRST-TIME JOBLESS CLAIMS HIT 411,000, JOB CREATORS NETWORK REACTS
The Department of Labor revealed the number of first-time unemployment claims was 411,000 last week.
“We have a record 9.3 million job openings and 9.2 million unemployed Americans – a disappointing pair of statistics, thanks to President Biden’s overly-generous jobless benefits. Twenty-six states are withdrawing from the federal jobless benefit programs, including most recently, Louisiana – the first Democrat-led state to do so. What’s alarming is that job searching hasn’t jumped in the states that have withdrawn from the programs, according to a new report. While this might be a short-term fluke, it could also be early proof that Biden is creating a culture of dependency, fifteen months after these benefits started. According to Senator Thune, there is about $700 billion in unspent Covid relief funds, much of it coming in the form of jobless benefits. President Biden should work with congressional Republicans on a new plan that spends that money more wisely, if it’s needed at all. With job growth slowing, inflation surging, and President Biden seeking an additional $4 trillion in spending, now is the time for true bipartisan cooperation geared toward boosting the private sector, not loafers and bureaucrats.”
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.