Friday, April 24, 2020

Unemployment During COVID-19

Since March 15, over 26 million people have filed for unemployment in the US; however, not all of these workers are receiving their unemployment benefits. Trump signed a $2.2 trillion emergency relief bill in March that expanded eligibility to receive benefits to part-time and self-employed workers and adds an extra $600 in benefits a week for individuals (in addition to what the state would offer). However, many people aren't receiving this money; states have seen delays in issuing the additional money. As companies continue to close and lay off their workers, the unemployment rate continues to rise. States have already spent billions of dollars in unemployment insurance benefits due to the coronavirus, and that amount is only going to increase.

Sources:
https://www.nytimes.com/2020/04/09/business/economy/unemployment-claim-numbers-coronavirus.html
https://www.cnet.com/news/coronavirus-testing-what-you-need-to-know-about-antibody-tests-antigens-and-serology/
https://abcnews.go.com/Business/americans-wait-unemployment-checks-month-pandemic/story?id=70292528

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