Unemployment Benefits Ended in September
However, hiring did not surge
Out-of-work Americans did not rush back into the job market after beefed-up unemployment benefits ended nationwide in September.
The labor force shrank last month for the first time since May, signaling that more people were opting to sit on the sidelines and not actively look for work, according to the federal jobs report released Friday.
"If unemployment benefits were the driving force behind labor market dynamics, then you would not have seen that effect," said Gordon Gray, director of fiscal policy at the American Action Forum, a right-leaning, conservative think tank.
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