State cutoffs of jobless benefits had little effect on unemployment

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State cutoffs of jobless benefits had little effect on unemployment
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Only 8 of the 26 states that ended federal jobless benefits early saw a statistically significant drop in unemployment in July, according to Bureau of Labor Statistics data out today

A protestor talks about the prospect of losing federal unemployment aid at a protest outside the Georgia Department of Labor on June 24 in Atlanta.

Georgia, Louisiana, Texas and West Virginia experienced a 0.3 percent drop in unemployment, while Nebraska, Oklahoma, Tennessee and Wyoming all saw a 0.2 percent decline. All except Louisiana and Tennessee cut off emergency unemployment insurance in June. Some economists have cautioned not to read too much into the numbers since the survey was taken with the economy still in flux and the data will eventually be revised.

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