Millions poised to lose unemployment benefits in 'enormous cliff' at year's end

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Federal programs enacted by the CARES Act coronavirus relief law to help unemployed workers are ending after Dec. 31. Lapsing benefits will directly impact millions of people.

, the ranks of this program have grown. There are about 3.3 million workers getting PEUC benefits, according to the Labor Department.A prior measure paying workers an extra $600 a week in unemployment benefitsInequalityJob loss was concentrated among such workers in March and April, and their jobs"A society that already was becoming increasingly unequal will just become even more unequal [without benefit extensions]," Kimmel said.

These benefits become available in states with high levels of unemployment and typically pay up to 13 to 20 extra weeks,Workers can collect these benefits after exhausting the 13 extra weeks of PEUC, for example. However, more than a half dozen states that were paying Extended Benefits earlier in the crisis have stopped doing so as their unemployment rate has improved.So, workers in these states — which include Alabama, Arkansas, Idaho, Iowa, Missouri, Nebraska, North Dakota and Wyoming — could lose benefits entirely after year-end, depending on when they lost their jobs.

And while the disappearance of these extended benefits coincides with a general improvement in unemployment levels, that won't help individuals in hard-hit industries like hotels and restaurants that remain out of work, Wandner said.

Source: Law Daily Report (lawdailyreport.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Sweet, end the lockdowns

This is a huge story and should have been prioritized by the Senate rather than ram their a Supreme Court justice which could easily have waited u til after the Stimulus package was resolved... FireGOPSenators

SEND A CLEAN BILL NANCY YOU HACK.

horrible

so,no rent income,no estate tax?

Thanks Pelosi for your leadership

Democrats say no yet again. As expected.

About time we begin to deal with real issues rather than pretend everything is ok, fake it til u make it mentality is ruining this country.

But Republicans got their judges in! Who cares about their constituents.

And no Senate in session to consider the previously passed House bills. CocaineMitch aka the GrimReaper of the Senate has left town.

Trumps America

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Incredibly Scary': Single Moms Fear Falling Through Holes In Pandemic Safety NetThere are about 13.6 million single parents, mostly moms, raising kids across the U.S. right now. And with Congress still unable to pass a relief bill, many collecting unemployment are now running out of money to pay rent. Wanna help single parents: open the damn schools. Lots of states have, but those that have not are hurting the most vulnerable. Seems like the solution is don't be a single parent. Congress is able to pass a relief bill. The Democrats filibustered it. Why not call them out for blocking relief?
Source: NPR - 🏆 96. / 63 Read more »

Munir McClain's family still has no explanation for football suspension by USCMunir McClain's mother maintains that she has not been told what sort of violation triggered her son’s suspension, but USC disputed that assertion Sunday in a university statement. Historical moment with first ever woman to be sworn in by two purported sexual predators !!!! the reason being is the the mother didnt pay the 500k to get in USC
Source: latimes - 🏆 11. / 82 Read more »

Gareth Gates lost whopping £250,000 in dodgy money trading scamPop Idol star Gareth Gates has revealed that he was the victim of a scam by a Forex money trader which saw him lose a quarter of a million pounds DailyMirror DailyMirror You sure that's Gareth Gates and not Liam Payne? MirrorTV
Source: Mirror Celeb - 🏆 476. / 51 Read more »

With Nearly 7 Million Votes, Texas (Still) Leads The Way In Early VotingThe Lone Star State is poised to beat its 2016 total voter turnout by a longshot. I trade in binary options and all instruments in the market. Your capital is safe with us. My Gran thinks England should take back America,she said we allowed them independence and they have made a mess of trying to govern themselves so we should step in and take back control and my Grandad agrees with her SuperSundayRevival
Source: Forbes - 🏆 394. / 53 Read more »

POLITICO Playbook: The first Obama book excerptWe're 8 days away from Election Day. • This morning The New Yorker published the first excerpts Barack Obama's new memoir. It recounts the details of the 2009-2010 health care fight. • The Senate will vote to confirm Amy Coney Barrett this evening. How much did he get from the Common Core book deal that he shoved into our schools at the expense of our children, I hear it was millions. Joe needs to stay away from live events. He makes mistakes.
Source: politico - 🏆 381. / 59 Read more »

Blake Lively Hilariously Reacts to Gossip Girl's Identity Eights Years After the Show Ended'YOU’RE surprised…'
Source: harpersbazaarus - 🏆 467. / 52 Read more »