The CARES Act that has seen unemployed Americans received an enhanced benefit of $600 a week will expire at the end of July—but payments will end sooner.
"Families are going to face high rates of eviction, homelessness, food insecurity, hunger," Indivar Dutta-Gupta said. "And the economy overall is going to see much slower progress in a recovery than otherwise."
Trump's economic doctrine: portray your policies as helping David, but actually employ them to pump up Goliath.
State officials are working with the U.S. Attorney's Office and the U.S. Department of Labor to see if similar schemes are happening in other states.
The belief that most people receiving stimulus payments are financially incentivized to stay home is true only if you look at salaries alone—and ignore benefits.
"We are reaching the levels of unemployment which are likely to persist until a more true reopening can occur," said Jamie Cox, managing partner for Harris Financial Group.
The president's son pointed to a decline in jobless claims, despite the total still being upward of 1 million.
Eight individuals are accused of creating bogus companies such as Charm Boutique and Infinite Cleaning to swindle California out of unemployment benefit money.
"What is most striking is the widespread impact on household income from the pandemic," Greg McBride of Bankrate told Newsweek.
Even after receiving initial unemployment claims, some states have been slow in sending out financial assistance.
1,900 jobs are set to be axed, with most of the closures affecting the Cafe Rouge and Bella Italia chains.
"We're very focused on, as part of the next CARES Act, we're going to seriously consider whether we need to put more payments and direct payments," said Treasury Secretary Steven Mnuchin.
The Labor Department said a technicality may cause many Americans to have their $600 of weekly unemployment benefits cut off one week early at the end of July.
While some economists are optimistic about a V-shaped recovery, millions of Americans continue to file new jobless claims, a big chunk of business closures are permanent, and COVID-19 cases are spiking in some areas.
Many workers in businesses and industries across the country are still out of work and awaiting a rehiring spree from their former employer that may not come.
White House economic adviser Larry Kudlow said a second stimulus package will not come until after July and will focus on small businesses and investors.
"The United States is still in the throes of a major, ongoing joblessness crisis," Andrew Stettner of the Century Foundation said.
Workers who are recalled part-time may be able to still receive at least half of their state unemployment stipend but it may depend on where you live.
University of Chicago researchers suggested lawmakers avoid adding a fixed-dollar supplement to unemployment benefits for the next economic relief package.
"It's better than their salaries," Larry Kudlow said.
Multiple people in the state could have been overpaid, according to the Oregon Employment Department.
Approximately 4.9 million furloughed workers were misclassified as employed, according to the Bureau of Labor Statistics.
The U.S. Bureau of Labor Statistics has released updated figures, showing overall unemployment at 13.3 percent.
Though they initially gave the cold shoulder to the idea of extending the $600 per week bonus past its July 31 deadline, Senate Republicans are warming to the idea of stretching the extra payout period while reducing the benefit.
Outside Washington, the argument that the answer to the problems created by subsidizing unemployment lies in a program to subsidize re-employment would be met with silent stares—and justifiably so.
A new poll shows 58 percent of Americans support extending $600 weekly unemployment payments past July, but top Republicans have said an extension is unlikely.
Giorgio Pierangeli said only around half of the staff at his restaurant, The Local Table, agreed to come back to work after Ventura County said restaurants could resume dine-in services.
If passed, the bill, introduced by Senators Amy Klobuchar of Minnesota and Ben Sasse of Nebraska, would provide Americans unemployed due to the pandemic with a $4,000 tax credit to use on training programs so they can have a competitive edge in the post-pandemic workforce.