#522 - Montana plans to cancel unemployment benefits to address ‘severe workforce shortage’
News For Reasonable People
English - May 16, 2021 10:00 - 27 minutes - 19.1 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Montana plans to stop some of its federally-funded unemployment benefits to address “the state’s severe workforce shortage,” according to its labor department, which will leave many out-of-work residents without any support at all.
“Nearly every sector in our economy faces a labor shortage,” Governor Greg Gianforte said in a statement on Tuesday. “The vast expansion of federal unemployment benefits is now doing more harm than good.”
Instead, the state will begin to offer return-to-work bonuses to help employers looking to hire.
Starting June 27, Montanans will lose access to the extra $300 in weekly unemployment benefits, but maintain their regular benefits. Contractors, gig workers, and others will also lose access to the Pandemic Unemployment Assistance (PUA) program, meaning those workers won’t get any benefits.
Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.
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