Boom? Bust? What Happens When Unemployment Run Out
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The figure you need to know is 7.5 million. Why? That’s the number of Americans set to lose unemployment benefits once the Federal Pandemic Unemployment Compensation program expires on Sept. 6, which, ironically or not, is also Labor Day. The spread of the COVID-19 Delta variant may change the date on which the scheme ends, but one thing is for sure: It’s living on borrowed time. What should Americans expect when it does end? What about talks of an economic boom? What are economists telling us? Let’s find out: In today’s Daily Dose, we delve into what’s set to transpire ahead of an oncoming “benefits cliff.”
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