Over 7 Million Americans Set to Lose Unemployment Benefits

Contact Your Elected Officials
The Epoch Times Logo

More than 7 million Americans are set to fall off a โ€œbenefits cliffโ€ as a September deadline looms for an end to federal pandemic unemployment aid programs, with dim prospects for an extension in light of surging demand for labor.

Created to help Americans weather the economic impact of the outbreak, the various programs are due to run out on Sept. 6. While progressive groups, along with some Democrats, have called for the programs to be extended, there is reluctance on both sides of the aisle on Capitol Hill for such a move, given the record-high number of job openings, layoffs being at a record low, and businesses reporting difficulties hiring workers.

Lawmakers in March 2020 established three new programs with the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act: Pandemic Unemployment Assistance (PUA), covering workers typically ineligible for regular state unemployment insurance benefits, including freelancers and gig workers; Pandemic Emergency Unemployment Compensation (PEUC), providing additional coverage beyond the regular 26 weeks most states provide; and Federal Pandemic Unemployment Compensation (FPUC)โ€”the $300 weekly boost over and above state benefits.

Nearly 9 million Americans were receiving benefits under two of the programs as of July 24, according to a Labor Department report (pdf)โ€”4.82 million through PUA and 3.85 million via PEUC.

The Century Foundation, a left-leaning think tank, estimates that when all the programs expire, 7.5 million people will be cut off, potentially leaving many in the lurch at a moment when the spread of the Delta variant of the virus that causes COVID-19 threatens the economic recovery.

โ€œCutting off benefits by Labor Day will leave 7.5 million workers without critical assistance they need to keep themselves financially stable until they can find a new job,โ€ Andrew Stettner, a senior fellow at the Century Foundation, wrote in an analysis. โ€œImposing such deep hardship on families and the economy, is an unforced economic policy error that can and should be avoided.โ€

Yet, in the face of a record 10.1 million job openings in June and businesses reporting hiring difficulties, lawmakers on both sides of the aisle have expressed reluctance to extend the programs.

President Joe Biden said in July that it would โ€œmake senseโ€ for the programs to lapse in line with their scheduled expiry date, while Sen. Joe Manchin (D-W.Va.) told Business Insider last week, โ€œIโ€™m done with extensions.โ€

โ€œThe economy is stronger now, the job market is stronger. Nine million jobs we canโ€™t fill. Weโ€™re coming back,โ€ Manchin said. His opposition would make it impossible for Democrats to pass an extension through reconciliation in the evenly split Senate, let alone through the regular legislative process.

By Tom Ozimek

Read Full Article on TheEpochTimes.com

The Thinking Conservative
The Thinking Conservativehttps://www.thethinkingconservative.com/
The goal of THE THINKING CONSERVATIVE is to help us educate ourselves on conservative topics of importance to our freedom and our pursuit of happiness. We do this by sharing conservative opinions on all kinds of subjects, from all types of people, and all kinds of media, in a way that will challenge our perceptions and help us to make educated choices.

The Sacred Honor of the 56

Today we're celebrating the sacred honor of the 56 men who signed the Declaration of Independence.

Alligator Alcatraz: A Bold Step Toward Secure Borders

Alligator Alcatraz funded through FEMA, represents a decisive move by the Trump admin to address illegal immigration with efficiency and resolve.

Is America Broke?

Silicon Valley investor and economic commentator Balaji Srinivasan made...

Hungary: Prideโ„ข Cometh Before the Color Revolution

The EU engaged in a diplomatic siege of the Eastern European nation-state of Hungary pressuring it into embrace global trannyism or face wrath of Brussels.

Understanding the Trump/Musk Feud

The passion Trump and Musk exhibit over the OBBB is not contrived or for show. Each is addressing the problem from completely different approaches.

Noem Waives Environmental Restrictions to Fast-Track Water Barriers in Rio Grande

DHS Sec Kristi Noem waived federal environmental laws to fast-track construction of 17 miles of waterborne barriers in the Rio Grande in South Texas.

Federal Officials Warn of โ€˜Lone Wolfโ€™ Terror Threats on July 4, NY Governor Says

NY Gov. Kathy Hochul confirmed that federal officials informed her about a possible terrorist threat ahead of the July 4 Independence Day holiday.

Record 1 in 5 Buyers of New Cars Committing to $1,000-Plus Monthly Payments: Edmunds

The share of new car buyers committing to make monthly payments of $1,000 or more hit an โ€œall-time highโ€ in the second quarter of 2025.

US Economy Adds 147,000 New Jobs, Unemployment Rate Dips to 4.1 Percent in June

The U.S. job market remained strong in June, as labor conditions continued to hold up amid economic uncertainty.

US Keeps Pressure on Chinese Goods Amid Vietnam Trade Deal

Transshippingโ€”rerouting goods through a third country to disguise the origin of the productsโ€”is a focal point of trade negotiations with Asian markets.

White House Report Reveals Top Earners, Staffers Working for No Salary

The Trump admin released its yearly report that shows the salaries for White House staffers, also revealing officials who arenโ€™t accepting salaries at all.

Transportation Secretary Urges Governors to Remove Political Messages From Crosswalks, Intersections

Duffy sent letters to governors, mayor of D.C., and gov of Puerto Rico urging them to remove political messaging from intersections and crosswalks.

Bessent: US, India Near Agreement to Lower Tariffs

The United States and India are โ€œvery closeโ€ to a trade agreement, Treasury Secretary Scott Bessent said on Tuesday.
spot_img

Related Articles