WASHINGTON, D.C. – The following statement can be attributed to U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley.
“The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market. We need a comprehensive approach to dealing with our workforce issues and the very real threat unfilled positions poses to our economic recovery from the pandemic. One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit. Based on the Chamber’s analysis, the $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working.”
At least two states have opted out of Federal Funding… which include Montana and South Carolina.
The governor also announced the State of Montana will end its participation in federal pandemic-related unemployment benefit programs and transition to pre-pandemic unemployment insurance (UI) eligibility and benefits by the end of June.
“Montana is open for business again, but I hear from too many employers throughout our state who can’t find workers. Nearly every sector in our economy faces a labor shortage,” Gov. Gianforte said.
“Incentives matter,” Gov. Gianforte continued, “and the vast expansion of federal unemployment benefits is now doing more harm than good. We need to incentivize Montanans to reenter the workforce. Our return-to-work bonus and the return to pre-pandemic unemployment programs will help get more Montanans back to work.”
Across Montana, employers struggle to find workers, particularly in the health care, construction, manufacturing, and hospitality and leisure industries.
Returning to pre-pandemic unemployment eligibility and offering return-to-work incentives will encourage workers to reenter the workforce and help ease a critical labor shortage across Montana.