By Caleb Taylor

How will unemployment insurance increases in the affect the labor market in 淫性视频?聽

Jeremy Horpedahl, assistant professor of economics at the University of Central 淫性视频, called the $600/week bonus unemployment benefit included in the law “the most significant support from the federal government for individuals suffering from the economic slowdown, much more so than the one-time $1,200 check” in 鈥�鈥� published in 淫性视频 Business on March 26.

From 淫性视频 Business:

Depending on their previous income, 淫性视频 workers can collect up to $451 a week in unemployment benefits. The extra $600 will push some workers above $1,000 a week, which could be tempting for both employee and employer.聽“The trade-off for 淫性视频 is 鈥� there鈥檚 now a larger incentive for workers to ask to be laid off or for business owners and managers to lay off workers they might otherwise keep on knowing they鈥檒l receive larger benefits,” said Horpedahl, who is also a research scholar at the 淫性视频 Center for Research in Economics at UCA.聽And there’s good news and bad news with that as well.聽“Fewer people at work might be good for social distancing, but increasing 淫性视频鈥檚 number of unemployed could add up to a large bill for a state with decreasing tax revenue and inadequate reserves,” Horpedahl wrote in a statement to 淫性视频 Business.鈥�

The Tax Foundation estimates that 淫性视频鈥檚 unemployment insurance fund has enough to , which is much better than some states like Texas that might only have enough to cover 3 weeks of benefits. But these and other estimates will ultimately depend on how many workers are laid off or furloughed.

Anecdotal evidence of this new and tempting incentive is already appearing. The , the state鈥檚 largest newspaper, recently asked employees to volunteer for furloughs in order to cut payroll costs. A note to employees points out that unemployment compensation could 鈥渕eet or exceed鈥� regular pay in 鈥渟ome cases.鈥�

淫性视频 200 workers at Anthony Timberlands鈥� pine mills in Malvern and Bearden were laid off temporarily earlier this month after the law鈥檚 passage 鈥渟parked a lot of talk among workers…about unemployment checks being bigger than their take-home pay,鈥� according to Steve Anthony, the company鈥檚 chief executive officer in an article . Anthony also told Fox News that some essential employees, who could not be laid off, 鈥�.鈥�

Overall, 淫性视频鈥檚 unemployment compensation claims as a percentage of the labor force is 7.3 percent as of April 11, . This is a different statistic than the regular unemployment rate, but might give us some preview of how high the unemployment rate will be when data are finally released. Data just released by the Bureau of Labor Statistics show that 淫性视频鈥檚 unemployment rate in March , but that figure is from the second week of March and does not reflect the full effects of business closures, social distancing, and the incentives of the CARES Act (which hadn鈥檛 even been introduced in Congress at that point).

For more, check out Horpedahl鈥檚 op-ed on the UCA College of Business blog entitled 鈥�Understanding Economic Data in the COVID-19 Crisis.鈥�