Business

Vast majority would earn more from unemployment than work if $600 benefit is extended: CBO

By Jay Heflin
Published June 4, 2020 9:44pm ET
Add Washington Examiner on Google
Vast majority would earn more from unemployment than work if $600 benefit is extended: CBO
A large majority of recipients would earn more from benefits than from work if the $600-a-week pandemic unemployment benefit boost is extended past its July expiration, the Congressional Budget Office estimated Thursday. “Roughly five of every six recipients would receive benefits that exceeded the weekly amounts they could expect to earn from work,” the CBO, […]

A large majority of recipients would earn more from benefits than from work if the $600-a-week pandemic unemployment benefit boost is extended past its July expiration, the Congressional Budget Office estimated Thursday.

“Roughly five of every six recipients would receive benefits that exceeded the weekly amounts they could expect to earn from work,” the CBO, Congress’s in-house group of budget and economic experts, stated in a June 4 letter to Republican Sen. Chuck Grassley of Iowa.

Already a print subscriber? Click here to login/register your account

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Unemployment