Today the Labor Department released the new set of jobless claims for last week. Jobless claims have been steadily going downward, with the week before recording 376,000 jobless claims (which have been slightly revised to 1,000 less). The number for last week is now at 412,000, a 37K increase.
This equates to a little over three and a half fully packed University of Michigan football stadiums.
As jobless claims increase, beginning this Saturday, June 19th, many states will begin to shutter their federal Covid-unemployment benefits earlier than the September 6th expiration date.
The additional $300 weekly federal stimulus and other Pandemic Unemployment Assistance programs that are meant to help low-income families will be shuttered.
These states that are stymying their benefits early believe the government checks are contributing to the labor shortage many businesses are experiencing – something The WinePress has been reporting on.
Restaurants Offering Money To Just Show Up For The Interview Plus Other Incentives
Restaurant Replaces Waiter With Robot
Here is the list of the states that are cutting their benefits (Alaska cut their benefits on the 12th):
- Jun. 19: Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia, Wyoming
- Jun. 26: Arkansas, Florida, Georgia, Ohio, South Carolina, South Dakota, Texas
- Jun. 27: Montana, Oklahoma, Utah
- Jul. 3:Â Tennessee
- Jul. 10:Â Arizona
ZeroHedge cites a statement from JP Morgan, who said cutting benefits is “tied to politics, not economics.”
The ZeroHedge report says that we can expect millions more to return to the food lines, similar to that of 2020.
We are still distributing about a million to a million and a half more meals each month than we did pre-Covid.
[There could be another] spike in July and August as we’re losing the unemployment benefits here in Missouri, so we might be doing 2m meals again for a couple of months.We hope it’s not going to take us 10 years to get our food insecurity rates back down to pre-pandemic levels, but that’s the kind of timeline we’re looking at.
Teresa Schryver. advocacy manager for the St Louis Area Food Bank in Bridgeton, Missouri services for residents in Missouri and nearby Illinois.
Food banks in Florida are also bracing for an influx of people looking for food.
With the unemployment benefits level being reduced, it will no doubt put hardship on a large population here in central Florida. It is impossible to say how much of an impact, but, it cannot be positive.
Dave Krepcho. CEO of the Second Harvest Food Bank of Central Florida in Orlando.
We can see a correlation between an addition or elimination of a household financial benefit. So when we see stimulus checks go out, we do see less people in our lines, when we see additional unemployment checks, we see less people in our lines. And conversely, when those things stop, we do see our numbers swell.
Thomas Mantz. The CEO and president of Feeding Tampa Bay, which provides a variety of food relief services to communities in the Tampa area.
Mantz said demand is roughly 35% higher than pre-lockdown levels.
We’re anticipating that we will see at least a short-term surge when the unemployment benefits run out. So we’re gearing up for that. People who were lower-income to begin with tend to get hit harder by natural and economic crises, and it can take them as individuals and the communities they live in a lot longer to come back.
Celia Cole. CEO of Feeding Texas
ZeroHedge notes a few other articles they have published concerning the strain the food banks are already under. Having an influx now would not help their situation.
“Largest Distribution Ever” – Thousands Of Cars Lined Up At Texas Food BankÂ
Million New Yorkers Can’t Afford Food As Hunger Crisis Worsens
Bay Area Food Bank Now Serves 500k Working-Poor As Demand “Doubles”Â
AUTHOR COMMENTARY
But according to mainstream economists and “experts,” America is ‘booming.’ Just yesterday economic advisor for Trump, Larry Kudlow, is sitting there on Fox Business telling everyone that we are in a boom, but Biden’s potential new spending could ruin that. To be acerbic here: if you believe that nonsense, then, I don’t know what DMT-euphoric trip you’re on, but keep it away from me. But I guess in this “new normal,” food banks and deep poverty is a “boom.”
These paid liars must not let the masses know the truth. They must continue to deceive the masses on an epic scale: and the willingly-blind bats eat it up for breakfast.
The rich man’s wealth is his strong city: the destruction of the poor is their poverty.
Proverbs 10:15
A poor man that oppresseth the poor is like a sweeping rain which leaveth no food.
Proverbs 28:3
A broke government and dead economy is making the poor even poorer.
Darned if you do, darned if you don’t. If you cut the benefits and stimmies now, it leads to more debt as bills must be payed via credit card and loans, and food lines, and plenty of other disparities as the rich get richer; but if you keep the benefits going, it leads to the reported labor shortages, bills still not getting paid off as the consumer wastes money on junk they don’t need, and creating a slave-society of sluggards who know they do not need to work hard as they are guaranteed bottomless checks. Fascism vs. communism: pick your poison.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
