As the end of the extra $600 a week in pandemic unemployment insurance looms large, some economists worry that the uncertainty over its extension alone could dampen consumer spending and prolong the recession.
MORE: As COVID-19 financial crisis wages on, some economists warn of a divergent 'K-shaped' economic recovery
Arnashia McCain uses her phone to copy phone numbers posted on the locked doors of a Georgia Department of Labor office Thursday, May 7, 2020, in Norcross Ga. The team called for urgent action from Congress, saying,"another aggressive fiscal response is urgently needed that focuses on financial relief for households."
In a separate report published Thursday, analysts at Moody's Investor Services agreed, noting that a pullback or reduction in federal aid"would hurt a broad range of consumer-facing sectors."
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