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At the end of the first quarter of this year, U.S. consumers were a record $14.3 trillion in debt.
The extra $600 every week is set to run out at the end of this month.
The six states that have had to reverse business reopenings make up one-third of the economy.
More than half of the companies making cuts say they helped avoid layoffs, for now.
So far, the nation’s businesses have avoided laying off 9.3 million workers.
Employment remains below pre-pandemic levels, and as recently reopened businesses re-close, more job losses are on the way.
More than three months into the pandemic, we check in with Chicago musician Seth Shulman.
In other words, these June numbers might not tell the whole story as the U.S. sees unprecedented numbers of COVID-19 infections.
The Bureau of Labor Statistics said it might have been undercounting the number of workers classified as “unemployed on temporary layoff.”
If Congress doesn’t act, Federal Pandemic Unemployment Compensation is set to expire on July 31.