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Regarding unemployment, Switzerland saw a moderate rise in its unemployment rate during the pandemic. The unemployment rate remained relatively stable through early 2020, but by the end of the year, it increased from 4.4% in February 2020 to 5.1% in December 2020, reflecting the economic challenges posed by the crisis. [373]
The Federal Pandemic Unemployment Compensation (FPUC) increased the amount of benefits by $600 in addition to the normal amount allotted by state programs. This expired at the end of July, 2020, though was partially replaced by executive order of President Trump by money allocated to FEMA, for states that contribute matching funds. The Pandemic ...
"Of the roughly 2 percentage-point net increase in the rate of unemployment between the end of 2007 and the end of 2013, about 1 percentage point was the result of cyclical weakness in the demand for goods and services, and about 1 percentage point arose from structural factors; those factors are chiefly the stigma workers face and the erosion ...
According to Bureau of Labor Statistics, unemployment during Trump's presidency peaked in April 2020 at 14.8%, heavily due to the COVID-19 pandemic. The rate was the highest of any month since the ...
Today is the day many millions of Americans have long dreaded. It’s the day extended unemployment benefits lapse, meaning no more checks will be forthcoming in the near future. The dreaded day ...
“Super unemployment,” the slightly tongue-in-cheek phrase for the enhanced unemployment benefits contained in the Coronavirus Aid, Relief and Economic Security (CARES) Act, will end on July 31.
The economic impact and mass unemployment caused by the COVID-19 pandemic raised fears of a mass eviction crisis, with an analysis by the Aspen Institute indicating between 19 and 23 million, or 1 in 5 renters, were at risk for eviction by the end of September 2020. [29]
Will the end of enhanced unemployment benefits motivate more people to join the workforce or will it simply deny millions the support they need to get by.