Job Searches Jumped 5% In States Cutting Unemployment Benefits

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 average relative to the national trend.) Read more at CNBC.