Millions To Lose Benefits As Pandemic Jobless Aid Expires
When Congress passed the American Rescue Plan in March, extending pandemic-related unemployment aid until Labor Day, millions of Americans breathed a sigh of relief.
Back then, almost 14 million people depended on the emergency programs (and job openings continued to soar).
And while the labor market situation has improved significantly since then, Statista’s Felix Richter notes that the new cut-off date is almost here, leaving millions in doubt of what is possibly their only income.
In addition to the $300 weekly supplement to state unemployment benefits, both the Pandemic Unemployment Assistance program, which is available to individuals who are self-employed or who otherwise would not qualify for regular unemployment compensation, and the Pandemic Emergency Unemployment Compensation program, which extends benefits by up to 24 weeks for those who have exhausted regular unemployment aid, are due to expire on September 6.- READ MORE