The latest Iowa employment statistics “are disappointing,” Iowa State University economist Dave Swenson tweeted on September 17 after the U.S. Department of Labor released new figures for August. Swenson noted, “Total employed and total labor force are down, unemployment levels rose slightly, and unemployment rate is unchanged” at 4.1 percent. Meanwhile, payroll nonfarm jobs declined.
Governor Kim Reynolds’ decision to cut off pandemic-related federal unemployment benefits in June (three months early) “to goose the economy turned out to be a dud,” in Swenson’s view.
A growing body of research supports that conclusion.
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