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CNBC

Republicans call the $600 unemployment boost a disincentive to work. Many experts disagree.

According to new research from SP2 assistant professor Ioana Marinescu, PhD, and other experts, the $600 weekly enhancement to unemployment checks in the U.S., which recently expired, hasn’t been a disincentive to return to work and hasn’t stifled recruiting by employers during the current recession.

Job vacancies decreased by 64% during the pandemic, while job applications only decreased by 21%, according to the study, published July 30 by Marinescu and economists at the Federal Reserve Bank of New York and Glassdoor, a jobs and career site.

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