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Unemployment extensions are created by passing new legislation at the federal level, often referred to as an "unemployment extension bill". This new legislation is introduced and passed during times of high or above average unemployment rates. Unemployment extensions are set during a date range in order to estimate their federal cost.
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On July 1, 2021, the Congressional Budget Office said the federal deficit would reach $3 trillion for the second year in a row. [187] The national debt of the United States as of January 2022 reached $30 trilion. [188] Gross Domestic Product grew by between 5% and 6% in year 2021 and between 4% and 5% in the start of year 2022. [189]
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More on the settlement: Michigan's unemployment agency settles lawsuit for $55 million, will make changes More on claimants waiting on benefits: Years post-pandemic, some out-of-work Michiganders ...
The Michigan Strategic Fund would take over the State Land Bank Fast Track Authority from the Michigan State Housing Development Authority. [ 4 ] The Michigan Department of Talent and Economic Development came into existence on March 16, 2015 with the department's first director being Steve Arwood, concurrently CEO of the MEDC.
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