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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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