After 18 months of operation, the nation’s expansion of unemployment benefits came to a stop this weekend and will most likely remain so.
From April 2020 through July 2020, the assistance initiative for unemployed Americans offered a weekly bonus of $600. In December, it was decreased to $300 per week, then in March, it was increased again.
Despite the fact that states were given the option of using federal relief monies to extend the programme in their jurisdictions, none have chosen to do so.
More than 8 million people with no income will be affected while another 2.7 million will continue receiving state payments.
There are currently 10 million job openings in the country, but 340,000 filed new unemployment claims in the past week. There are 2.75 million continuing claims.
Employment is not expected to rise as labor markets, childcare and health concerns about spreading the virus didn’t improve.
The Century Foundation called the move “economically short-sighted.”