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Economy

“Millions of Americans will lose unemployment benefits this weekend”

“…Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn.

Lawmakers twice extended those temporary expansions, which increased the number of people eligible for unemployment benefits and raised the amount of weekly aid for recipients.

Absent of congressional action, that aid will lapse after Saturday or Sunday, depending on state administrative rules. Lawmakers seem unlikely to extend the policies for a third time given improvements in the economy and labor market in recent months…”

https://www.cnbc.com/2021/08/31/millions-of-americans-will-lose-unemployment-benefits-this-weekend.html

This is a good thing in my opinion. Now these people will be forced to get a job which will help the economy, specifically the labor shortage.

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