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Sen. Ben Sasse. Photo: Samuel Corum/AFP via Getty Images

Sen. Ben Sasse (R-Neb.) plans to introduce legislation this week to grant signing bonuses to new hires, he announced Tuesday.

Why it matters: The bonuses would replace expanded unemployment benefits and are aimed at boosting employment. Sasse called the numbers in the latest jobs report "crummy."

  • The U.S. gained 266,000 jobs last month, far lower than forecasters' expected 1 million, making this the biggest miss, relative to expectations, in decades.

How it works: Individuals who secure a job by July 4 would receive a bonus equal to 101% of two months of the federal enhanced unemployment benefit. Payments would be delivered in multiple installments.

What he's saying: "A year ago, before we had vaccines, expanded unemployment benefits started to pay more than work," Sasse said in a statement.

  • "The emergency UI program is now penalizing people for going back to work," he added. "Go back to work, get your signing bonus, and get your paycheck. Let’s get America back to work."

Go deeper

Felix Salmon, author of Capital
Jul 31, 2021 - Economy & Business

Wages go up and to the right

Data: BLS; Chart: Axios Visuals

When the demand for workers outstrips the supply, wages go up — which is exactly what we're seeing in the current economy.

Why it matters: The least-loved jobs are often seeing the fastest pay rises.

1 big thing: The worker's job market

Data: U.S. Bureau of Labor Statistics, FRED; Chart: Will Chase/Axios

The unprecedented upheaval of a year-plus of pandemic life is playing out in the job market.

Why it matters: The unemployment rate remains stubbornly high. At the same time, the Great Resignation has companies across the country trying desperately to hold on to staff as employees act on pent-up demand for job changes.

Jul 31, 2021 - Economy & Business

View from the labor market trenches

Illustration: Shoshana Gordon/Axios

Some job seekers are taking their time...

"There were endless amounts of roles. I could be extremely picky."
Ashley Taylor, who works in software sales.
  • Taylor left her last job in January and within two days had an offer to join another startup. She waited six months and ended up getting an even higher offer from the same company.