Millions of jobless Americans risk losing benefits
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Washington
MILLIONS of Americans will see their unemployment benefits disappear at the end of the year unless Congress extends pandemic-related programmes that made the aid available to a wider swathe of the workforce and for a longer period of time.
The looming expiration would spark the most substantial reduction to unemployment benefits since the end of July, when a US$600 weekly supplement - also added as part of the Cares Act - expired. And with coronavirus infections surging, some economists caution that job losses could rise during the winter, increasing the need for support.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities