Will Louisiana Start Working After Fed Aid is Cut Off on Saturday?
You can't listen to the radio without hearing a recruitment commercial. Every other restaurant is short-staffed We desperately need people to get back to work, employers are getting desperate. We have seen some of our favorite places scale back hours because they just can't find employees.
Businesses being short-staffed became a nationwide issue that influenced many governors to cut off federal unemployment payments way before Lousiana pulled the trigger.
Meanwhile many Louisiana residents who own businesses were looking at Governor JBE hoping he'd put an end to the federal aid. After the long wait, federal pandemic unemployment aid will end for Louisiana residents this Saturday, July 31st.
In case you forgot Louisiana residents have seen an increase in their direct deposits when it comes to their unemployment benefits to the tune of an extra $300 in supplemental federal pandemic unemployment benefits.
Nearly 200,000 Louisianans will lose the extra federal aid and get payments cut off this Saturday.
According to WDSU.com, Governor John Bel Edwards ended the aid 5 weeks earlier than expected. Why? Edwards reached a deal with Republican lawmakers to raise unemployment benefits in Louisiana by $28 per week starting in January.
Now that over 200,000 Louisianans aren't seeing an extra $1,200 a month in their direct deposit will we start to see more businesses be able to hire people? One thing that many business owners have told me is that they just can't get people to apply. Will the "Help Wanted" signs start to come down all over Shreveport-Bossier? Only time will tell.