As more states begin to cut improved unemployment benefits of $ 300 per week, New York and North Carolina became the last states Tuesday to advance legislation that would authorize one-time “signing bonuses” for unemployed residents finding work, joining a handful of other states that are considering similar legislation and at least six that have already authorized such payments.
Still awaiting final approval in the State House, North Carolina proposal, which passed the state Senate with bipartisan approval, would award unemployed residents $ 1,500 signing bonuses if they accept a job within 30 days of the bill becoming law and $ 800 within 60 days.
Also Tuesday, New York lawmakers inserted a bill that would authorize a $ 1,200 payment to unemployed residents who return to work for at least four weeks, and last week, two Republican senators from the state of Massachusetts proposed a similar bill, asking for $ 1,200 ” login “, payable in three increments over a full year.
Republican controlled Montana turned the first state to authorize a “return to work” bond in early May as a way to replace the improved unemployment benefits of $ 300 per week that many Republican lawmakers claim discourages employment, offering $ 1,200 to unemployed people in that time they complete four weeks of paid work.
Following suit at the end of the month, controlled by the Republicans New Hampshire Y Oklahoma it also announced the end of federal unemployment benefits, while debuting one-time job bonuses of $ 1,000 and $ 1,200, respectively.
Marking the biggest “back to work” bonus yet, Arizona rewards residents who are new full-time employees with a pay of $ 2,000 (after 320 hours of work) and $ 1,000 to those who obtain a part-time job and work at least 160 hours.
Democratic states have joined as well, with Connecticut Provide a one-time payment of $ 1,000 to the first 10,000 long-term unemployed individuals who return to work for at least eight consecutive weeks before the end of this year.
More recently, Colorado authorized Payments of $ 1,600 for the unemployed who transitioned to full-time work in May and $ 1,200 for those who return this month; both payments are subject to eight weeks of employment.
“We’ve all heard from small businesses and job creators across the state, and they just can’t find workers,” Rep. Ted Budd (RN.C.) said Tuesday while supporting the bill in the state legislature. “I am extremely concerned about the reverse incentive that has been created by improving federal unemployment benefits,” says Budd, who inserted Federal legislation that would give Americans who receive benefits a payment of $ 900 after four weeks in a new job.
The push to provide newly employed Americans with one-time signing bonuses comes as a growing number of states announce that they will abandon the federal government’s supplemental unemployment benefits program, which provides an additional $ 300 per week to the unemployed. Republican lawmakers have been claiming that the additional payments discourage the unemployed from looking for work, but in a note to clients last week, economists at JPMorgan said the early termination of unemployment insurance, which will expire in September, appears ” linked to politics, not economics. ”They argued that many of the nearly 40 states that have announced early downsizing (all of which are ruled by Republicans) show no signs of a tight labor market or strong earnings growth, two factors used to justify the end of the enhanced benefits.
At least 36 states are reimposing job search requirements on recipients of unemployment benefits (Forbes)
Florida – Latest State to Cut Federal Unemployment Benefits by $ 300 a Week (Forbes)
Three states offer return-to-work bonuses of $ 1,000, $ 1,200, and $ 2,000 as more benefits end with $ 300 for unemployment (Forbes)
Democratic governors face pressure from Republicans to end weekly unemployment benefits of $ 300 (Forbes)