If Congress decides not to renew an additional $ 600 per week for federal unemployment benefits after the deadline for July 31, the “vast majority” of unemployed will be “harmed” without it, according to House and Method Committee,
While workers of all genders, races, ages, and income levels will see cuts in benefits, women, people of color, and young workers will be especially hard hit if benefits are not extended. These groups lost their jobs at a disproportionate rate as a result of the recession of the coronavirus, according to analysis from non-party Congressional Budget OfficeAccording to CBO estimates, of the 19 million people who will receive regular unemployment benefits in July, 53% are women and 47% are skin-colored people. The analysis did not take into account self-employed and employed in the economy workers receiving unemployment.
In particular, coronavirus disproportionately affected blacks. They are not only more likely to lose their jobs than white workersbut they make up a staggeringly high proportion of coronavirus deaths in the United States. Mortality from Covid-19 for black Americans is about 2.3 times higher than among whites and Asians. APM Research Lab, which independently collects coronavirus mortality data from 45 states and Washington, DC.
Women also lose their jobs more often than men, as they make up a disproportionate share of workers in sectors that are badly affected, such as education, healthcare, hospitality and leisure. In April, the unemployment rate for women was almost 3 percentage points higher than for men: 16.2% compared with 13.5%, according to Women’s Policy Research Institute report,
Will the user interface benefits be extended?
The loss of an extended benefit means that millions of households face a “gulf of income”. In fact, their weekly payments will decrease by an average of about two-thirds, according to Analysis by the Committee on Ways and Means of the House of RepresentativesHowever, most unemployed will continue to receive their regular benefits – which vary from state to state – at least until the end of 2020.
For many households, over the past few months, the increase in benefits has become a financial lifeline, with a record job loss and recession caused by coronavirus. Although some of the 47 million people who applied for unemployment benefits since mid-March returned to work, attempts rediscover state economies failed how cases of coronavirus exploded in places like California, Florida, and Texas. The governors of these states have resorted to the closure of some enterprises, including bars and restaurants, which are considered the environment of the “super-distributor”.
Critics of the extra pay say it encourages people not to return to work, and argue that some people earn more with a bonus than they got at their old job. But some economists say this is the point: an additional $ 600 in benefits is considered The “best” part of the economic reaction by Josh Bevens and Heidi SchierholzEconomists of the left Institute for Economic Policy – keep people at home, allowing them to pay bills and even save money.
The end date of July 31 was an arbitrary date that Congress chose in March when the extent of the devastating coronavirus was not known, said Michelle Evermore, senior political analyst at left-wing national employment law, to CNBC Make It.
The Heroes Act, passed by the House in May, extends the federal allowance by $ 600 per week until January 2021. However, Senate Majority Leader Mitch McConnell (R-Ky.) Said last week that enhanced benefit will not be included in the next coronavirus care package. The Senate did not say what else would be included.
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