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Economics

Employers Are Baffled as U.S. Benefits End and Jobs Go Begging

  • Companies say federal benefits expiry hasn’t boosted supply
  • Economists, employers had expected jump in applications

Emergency unemployment benefits in the U.S. expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to roll in. 

Federal programs that had offered an extra $300 per week for jobless Americans, provided extended benefits for the long-term unemployed and gave special aid for the self-employed expired Sept. 6. Economists and companies expected a wave of interest from workers as the financial lifeline was pulled away, hoping it would provide the incentive to get back into the workplace.