The White House opens the door to boosting unemployment benefits past July - Business Insider

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The White House opens the door to extending boosted unemployment benefits with $600-a-week federal payouts ending in 12 days

from the conservative-leaning American Action Forum indicated that a $400 boost would lead to 53% of workers earning incomes from the government that exceed those at their previous jobs. That figure would drop to 36% if the federal government sought to enact an extra $200 per week.

The coronavirus pandemic is still raging in the US, and states like California, Texas, and Florida are in the throes of a surge in cases. Around 30,000 new cases were recorded on Monday,, and leaders of those three states suggested they may institute new lockdowns. The economic environment remains very uncertain as a result. The US has regained around 7.3 million jobs since the outbreak of the pandemic, roughly a third of the amount shed since March.And many economists say there won't be enough jobs for the unemployed in the short-term.Something is loading.

 

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'But Republicans are fiercely opposed to extending the benefit. They say it disincentivizes people from returning to work, as it allows a significant share of workers to earn more from the government instead.' For many, returning to work is simply not an option.

Thank god!

sounds like extended vacation.

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