• Biden urges employers to boost wages but warns workers they’ll lose unemployment pay if they reject jobs

    11 May 2021 | Economic News
  


President Joe Biden on Monday urged U.S. companies to boost pay for workers as he outlined the steps his administration is taking to spur hiring after disappointing job creation in April.


The president said his administration will distribute more of the coronavirus relief funds included in Democrats’ $1.9 trillion aid plan as reopening businesses search for employees.


The federal government will start allowing state and local governments to apply for part of a $350 billion relief pool, push to streamline distribution of aid to child care centers and begin sending grants to 16,000 struggling restaurants and bars, among other efforts.


Biden said the White House does not “see much evidence” that the $300 per week federal unemployment benefit in place until September has deterred people from taking jobs, adding that “Americans want to work.”


Biden said the administration will remind U.S. states this week that any unemployed American offered a comparable job must take it or risk losing unemployment benefits. He is also directing the U.S. Labor Department to work with states to reinstate requirements that those receiving unemployment benefits must demonstrate they are actively looking for work.


Reference: Reuters, CNBC


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