Title: What happens when the $600-a-week unemployment benefit ends? - Marketplace
Headings: COVID-19 Economy FAQs
When $600-a-week pandemic unemployment checks run out, what then?
Mitchell Hartman Jun 30, 2020
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Content: Congress has responded by adding the extra unemployment money to every state unemployment check in the country. Economist Michael Strain at the American Enterprise Institute said that is “providing a lot of income security to workers, and it supported overall consumer spending.” Those payments have replaced 10% to 15% of Americans’ pre-pandemic income. If the money’s cut off at the end of July, Michele Evermore at the National Employment Law Project said nearly 30 million unemployed Americans will be thrown back onto state benefits alone. Latest Updates : COVID-19
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“I think people will be very shocked, the day that the $600 stops,” Evermore said. “ Workers can earn as little as, like, [in] Arizona, the maximum benefit is only $240 a week.” She thinks Congress should renew the program at $600 a week until unemployment falls below double digits again. But Strain argues that the current benefit level is so high it discourages people from seeking new employment.