State Payroll Data Shows No Employment Spike in States Cutting UI

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New BLS data shows that the unemployment benefit cuts that occurred in June and July did not increase payroll growth.

"In total, then, these unemployment benefit cuts are only slightly increasing job finding among those who used to receive the benefits, and that job finding is coming entirely at the expense of other jobseekers. We did not increase employment. We just slightly changed the composition of it while dramatically reducing the incomes and spending among the unemployed population."