More than 5 million people won’t get the $300 unemployment boost right now

  • 32 states had received federal approval to offer an extra $300 a week in unemployment benefits as of 12 noon ET on Wednesday. 
  • About 5.5 million workers are currently receiving unemployment insurance or Pandemic Unemployment Assistance in the states that haven’t yet gotten approval.
  • Meanwhile, many eviction protections are gone, an aid program for small businesses ended and jobs are hard to find.

Most states have gotten approval to offer workers at least $300 a week in extra unemployment benefits.

But more than a dozen haven’t — and that leaves millions of workers without additional aid and wondering when, or if, it will come.

The dynamic is playing out at a time when jobs are scarce and financial relief measures, such as housing protections and low-interest loans for small businesses, have expired.

Greg Iacurci | CNBC

Related News

Browse By Category

Share:

Send Us A Message