MSNBC Stephanie Ruhle Reports September 3, 2021 13:25:00
Catalyst getting people back to work? plus wages? >> cutting ui in june had a small impact on job finding rate for those unemployment. you know, we found 1 out of 8 people losing benefits actually found a job by early august. so earnings replaced only 5 cents for every dollar loss of benefits leading to a pretty large drop in consumption and spending to the tune of $2 billion just in a couple of months in these states. after labor day, we will see a much bigger version of that play out. maybe four times as large. i worry a lot about the pocketbooks of people that may be 7 million to 8 million ...
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