Cutting unemployment aid has little effect on job growth: Report

11 615
9.2%
Published on 30 Jul 2021, 21:24
Twelve states cut unemployment aid about three months before federal benefits expire in September. It was part of an attempt to boost hiring, but a new report by Gusto says states that cut benefits early saw their employment headcount grow 11.6% on average compared to 11.2% in states that kept the benefits. CBS MoneyWatch reporter Aimee Picchi joined CBSN to discuss.

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