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September 1, 2021

Several states decided to end enhanced and extended unemployment benefits during the month of June. Early indications have shown that this has not made a difference in terms of labor market activity, but it has also not negatively impacted other consumer data.

At the end of June, we wrote an update discussing the changes certain states were making regarding unemployment benefits.  Several states were ending the enhanced payments from the federal government and the expanded coverage that had allowed people outside of the normal unemployment insurance program to file claims. At the time, we noted that it...
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