to shore up a battered economy on Tuesday. Among its planks: extending the federal boost to weekly unemployment payments past July for up to $400, but tying it to the economic health of individual states.
The economists said that beefing up payments for jobless workers provides substantial bang for the buck, especially with the"With the highest unemployment rate since the Great Depression, maintaining unemployment insurance support is essential both to protect families and support demand," the group. "This makes economic sense: Evidence shows that every $1 paid in unemployment insurance adds $1.50 to the economy.
They went on: "But extending the $600 weekly unemployment insurance benefit enacted at the start of the shutdown does not make sense now, when better protections against covid-19 are being put in place and the unemployment rate is coming down." Their proposal would provide income support for jobless workers by granting a weekly benefit of up to 40% of their wages, pegged to a state unemployment rate of 15% or higher. The federal boost would be phased out when the rate drops to 7%.
No
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:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What can American companies do to tackle racial injustice?What can American businesses do about racial injustice? Find out on our 'Money Talks' podcast Fake news and left leaning businesses to stop supporting antifa and blm violent protests. Hawaii psychedelic prophecy Bible Dystopia revelation rock jazz hiphop hendrix prince hope prayer dreams artist showbiz music Hollywood KailuaKona Atlanta NYC Milwaukee The Proof via YouTube
Source: TheEconomist - 🏆 6. / 92 Read more »
Facebook drops censorship tools for Workplace - Business Insider - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business Insider's best investing stories of the week ended June 16 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. ......why did you use a photo of some rave... ? Day trading is for suckers These are the suckers that the 'pump and dump' big investors will use to unload their inflated stocks. That's why they are touting the 'V' shaped recovery. It's a repeat of the 2008 mortgage securities pump and dump.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tory Burch Foundation $5,000 Fellowship: Top qualities in candidates - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. $NAK is the play to be in right now. How many of these recipients are black women?
Source: BusinessInsider - 🏆 729. / 51 Read more »