Report warns renewing $600 jobless payment will kill economic recovery

Published October 7, 2020 10:00am ET



Renewing the $600 enhanced unemployment payment that expired in July would slam the brakes on the economic recovery, according to a report to be released Wednesday.

The Foundation for Government Accountability, a nonpartisan, nonprofit organization focused on reducing government dependency, cautions that renewing the benefit would enable jobless workers to quit looking for employment since many of them would receive more from unemployment relief than working. Such a situation would make it harder for businesses to hire help and stall the economic recovery.

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