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COVID & Unemployment

What you need to know about the job market during the COVID-19 pandemic.

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COVID & Unemployment

PPP boosted employment through early June, study finds

by Justin Ho
Jul 23, 2020
As many as 3.2 million jobs were added by the federal Paycheck Protection Program, but the long-term effect is unknown.
With the coronavirus closing many businesses, the Paycheck Protection Program saved millions of jobs that would have been lost, according to MIT research.
Justin Sullivan/Getty Images
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COVID & Unemployment

What Senate Republicans are proposing for the COVID-19 relief bill

by Sabri Ben-Achour , Nancy Marshall-Genzer and Alex Schroeder
Jul 23, 2020
They're divided on whether and how to extend emergency pandemic unemployment benefits.
The unemployment extension for the GOP bill will be based on approximately 70% wage replacement, according to Treasury Secretary Steven Mnuchin.
Tasos Katopodis/Getty Images
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COVID & Unemployment

The number of people seeking unemployment benefits is up for the first time since March

by Associated Press
Jul 23, 2020
The rise in weekly jobless claims to 1.4 million underscores the outsize role the unemployment insurance system is playing as a safety net.
The Labor Department said Thursday that roughly 32 million people are receiving unemployment benefits.
Mark Felix/AFP via Getty Images
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COVID & Unemployment

Pandemic unemployment benefits have kept people spending

by Jasmine Garsd
Jul 23, 2020
Economists say the additional $600-a-week benefit has boosted the whole economy and contributed to job growth.
A person fills out an unemployment benefits application. The addition of $600 a week has enabled many Americans to keep spending and support businesses.
Olivier Douliery/AFP via Getty Images
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COVID & Unemployment

How the loss of $600 a week will impact jobless people we've been following

by Mitchell Hartman
Jul 22, 2020
For some people, moving might be an option. For others, not much might change.
An applicant fills out an unemployment benefits form in Virginia. Temporary relief payments are scheduled to end soon.
Olivier Douliery/AFP via Getty Images
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COVID & Unemployment

Rent relief funds quickly overwhelmed by need

by Samantha Fields
Jul 22, 2020
In Los Angeles, more than 220,000 people applied to the city’s rent relief fund, but there is only enough money to help 50,000 people.
Brandon Bell/Getty Images
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COVID & Unemployment

What will losing $600 a week in federal unemployment mean for the jobless?

by Mitchell Hartman
Jul 20, 2020
The extra benefit has been a lifeline for millions of people — and even some small businesses.
The economic shutdown caused by the coronavirus pandemic sparked an explosion of Americans filing for unemployment benefits.
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COVID & Unemployment

Where does Congress stand on another COVID-19 relief package?

by Sabri Ben-Achour , Nancy Marshall-Genzer and Alex Schroeder
Jul 20, 2020
The House has passed a $3 trillion relief bill. Senate Republicans are expected to roll out their own package this week.
Senate Republicans are expected to roll out another coronavirus relief package proposal this week.
Olivier Douliery/AFP via Getty Images
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COVID & Unemployment

There are better ways to structure unemployment benefits, but they will probably never happen.

by Jack Stewart
Jul 17, 2020
The expanded $600 per week unemployment assistance has been crucial, but experts say there are more effective ways to support people who’ve lost work.
Unemployment assistance offices, like this one in El Paso, Texas, have been overwhelmed with claims.
Cengiz Yar/Getty Images
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COVID & Unemployment

Extra unemployment benefit during pandemic boosts spending

by Nancy Marshall-Genzer
Jul 16, 2020
Normally, jobless workers receiving unemployment cut their spending by 7%. But a JPMorgan Chase study found it's rising — by 10%.
An employee administers a temperature check outside an Apple store. The government bonus paid to unemployed workers is scheduled to end at the end of this month.
Sean Rayford/Getty Images
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