23 July

As economies start to reopen, unemployment benefits announced during the start of the pandemic will soon come to an end.

The abrupt ending of these unemployment benefits along with high unemployment rates could further damage economic recovery.

Paul Krugman, Nobel laureate, shared an article on how ending the unemployment benefits scheme in the US may push millions of workers into poverty.

The $600 per week in unemployment benefits helped workers to meet their expenses.

The benefits scheme is scheduled to expire at the end of July, which economists fear will further damage the US economy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Without these benefits, workers will cut their spending and may even be evicted from their homes.

Additionally, without unemployment benefits, workers will be forced to look for jobs that may expose them to the virus.

Read more