Generous government unemployment benefits hurting hiring

[T. A. Gardner]

Seems April's employment expectations were well below the estimates. Experts are saying it's due to generous government unemployment benefits that discourage potential workers from returning to work. No surprise there...

A dramatically weaker-than-expected monthly gain in U.S. jobs triggered a tense partisan exchange in Washington over the role of enhanced unemployment benefits in holding people back from filling job openings.

The April data showed a 266,000 increase in payrolls -- less than half of the weakest forecast in the Bloomberg survey.

https://www.bloomberg.com/news/artic...h?srnd=premium

[Legion]