Shine Trader Limited reports:
While the Biden administration has called on states to use their remaining stimulus money to extend anti-pandemic unemployment programs that were due to expire earlier this month, none have done so.
Some governors say extending unemployment benefits would be too costly and unmanageable, while other state officials say there are not enough federal funds left to extend the programs.
New Jersey Governor Phil Murphy said in a press conference on August 30:
“Extending this benefit as it stands now is going to cost at least 314 million dollars a week and probably hundreds of millions of dollars more, and by looking at that, no state is going to extend it beyond September 4th.”
But that very inaction has left millions of unemployed workers without any benefits to fall back on and has held back the economy even as cases of the Delta variant have soared.
In August, the Biden administration called on states with high unemployment to use remaining stimulus funds to extend anti-pandemic unemployment programs that expire in early September. Because at that time, three major programs of the ANTI-pandemic Unemployment Program ended: the anti-pandemic unemployment Benefit (PUA) for workers who would not normally have been eligible for regular unemployment insurance; Emergency unemployment compensation for the extension of unemployment benefits; And an extra $300 a week in benefits.
Reprint indicated source：Shine Trader Limited Live information