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Tuesday, Oct 19th

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You are here News Economy Millions in U.S. lose jobless benefits as federal aid expires, thrusting families and economy onto uncertain path

Millions in U.S. lose jobless benefits as federal aid expires, thrusting families and economy onto uncertain path

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Unemployment benefits expire

More than 7 million out-of-work people across the United States are set to lose all of their jobless benefits this week as three federal programs expire on Monday, in what several experts described as one of the largest and most abrupt ends to government aid in U.S. history.

In addition to the more than 7 million people who will lose all their benefits, nearly 3 million more people will lose a $300 weekly boost to their state unemployment benefits.

The cessation of this jobless aid, first put in place by Congress nearly 18 months ago, could upend the lives of millions of Americans still struggling to find work at a time when the pandemic’s delta variant is wreaking fresh havoc across a number of states. It could also lead to a sharp pullback in spending, particularly in certain areas of the country, impacting a wide range of restaurants and other businesses that rely on consumer dollars.

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