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Economy

US Chamber of Commerce blames ‘disappointing’ jobs report on hefty unemployment benefits

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On Thursday, a “disappointing” April jobs report revealed that 266,000 new jobs were added to the economy and the U.S. Chamber of Commerce attributes the dismal report to the number of Americans comfortably relying on unemployment benefits amid the COVID-19 pandemic.

“We need a comprehensive approach to dealing with our workforce issues and the very real threat unfilled positions poses to our economic recovery from the pandemic,” U.S. Chamber Executive Neil Bradley said in a statement Friday.

One step, he said, the federal government should take to add more jobs to the labor market is ending the $300 weekly supplemental benefit.

You can follow Jennie Taer on Twitter @JennieSTaer

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Economy

Gallup poll: GOP holds large advantage over Dems in economy, national security

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A recent Gallup poll shows Americans overwhelmingly have faith in Republicans over Democrats when it comes to the economy. In fact, the GOP “holists largest advantage on the economy in over 30 years, with 53% of Americans trusting Republicans more than Democrats on the issue” writes the Daily Caller News Foundation.

The poll holds Republicans at a 14-point lead over Democrats for handling the economy better. “The GOP scored 10 points higher on the economy than last year, marking the largest margin between the two parties since 1991.”

Gallup’s publication of the poll is titled ‘Neither Party Well-Liked, but GOP Holds Advantage on Issues.’ It may not be a shock that “The two major political parties remain unpopular in the U.S., with 56% of Americans viewing the Republican Party unfavorably and 58% saying the same of the Democratic Party” but the GOP holds “historically ample leads.”

“Fifty-three percent of Americans believe the Republican Party will do a better job of keeping the country prosperous over the next few years, whereas 39% choose the Democratic Party.”

“A slightly larger majority, 57%, have greater faith in the Republican Party to protect the country from international terrorism and military threats, while 35% favor the Democrats.”

 

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