With some 25 million Americans set to lose $600 a week in jobless payments July 31, Congress must decide whether they are a vital boost to the economy or are keeping people from going back to work
Some 25 million Americans are set to lose $600 a week each in federal unemployment benefits at the end of the month, one of the thorniest issues Congress faces when it returns to Washington this week to consider another coronavirus relief bill.
Many people view the payments as a lifeline, and analysts say the $15 billion a week in federal spending has provided vital support to an economy staggering from the effects of the pandemic. But critics say the money, paid on top of regular state jobless benefits, discourages some Americans...
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Not extending $600 unemployment benefit 'would be a catastrophe,' say former Fed Chairs Bernanke and YellenAppearing before Congress for the first time since they left government, Janet Yellen and her predecessor, Ben Bernanke, praised lawmakers for the size and speed of their initial reaction to the economic downturn—then, they offered a series of suggestions.
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The $600 unemployment payments are likely ending. Here's whyEnhanced unemployment benefits of $600 a week will likely end after July due to Republican opposition. Here's why lawmakers are against extending the payments.
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The $600 unemployment payments are likely ending. Here's whyEnhanced unemployment benefits of $600 a week will likely end after July due to Republican opposition. Here's why lawmakers are against extending the payments.
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People receiving unemployment benefits are MORE likely to look for jobs, Chicago Fed study findsA Chicago Fed study found people search less for jobs after they exhaust their unemployment benefits. People on unemployment benefits on average spend more than 14 hours a week job searching and send more than 12 applications a month, the study found.
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Ivanka Thinks Unemployed People Should Try Not Being Unemployed'Yes, it would be much more helpful if the government authorized another stimulus package or made even the smallest attempt to display an understanding of the multiple crises gripping our nation. But what if the problem is actually you?' oureric writes:
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