Millions of unemployed Americans are set to lose pandemic-related jobless benefits after Labor Day – just as surging cases of coronavirus slow the pace of hiring.
In all, an estimated 8.8 million people will stop receiving unemployment insurance beginning on Sept. 6, 2021. Millions more will no longer get the extra US$300 a week the federal government has been providing to supplement state benefits.
But with the pandemic still raging thanks to the rise of the delta variant, particularly in Southern states, the expiration of these benefits seems ill-timed. While some claim that the aid is no longer needed and doing more harm than good, we believe that the data tell another story.
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