With the $600 boost about to end, Congress must decide whether to let it die, continue it, or cut back the payment levels.
When the COVID-19 pandemic first drove the country into lockdown and tens of millions of workers lost their jobs, Congress voted to add $600 a week to whatever individual states paid in unemployment insurance.benefits typically replace less than half a worker’s paycheckNow with the $600 boost about to end, Congress must decide whether to let it die, continue it or cut back the payment levels.
Beyond anecdotal reports of employers struggling to recall workers, one of the few attempts to measure the extent of the problem was a Since early this month, small business openings and revenues, as well as new-job postings, have turned sharply down, according to, a nonpartisan group based at Harvard that is tracking the economic effects of the pandemic.
Some 30 million people have been claiming unemployment benefits since May, suggesting the $600 supplement may be adding as much as $18 billion a week in payments.
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