68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
Research published this week by the National Bureau of Economic Research shows that more than two-thirds of Americans filing for unemployment benefit during the pandemic can earn more than they were while in work.
The CARES Act created an additional $600 weekly benefit known as the Federal Pandemic Unemployment Compensation. 39 million people have filed for unemployment in the last nine weeks, according to the US Labor Department.More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 Ways This Pandemic Might Actually Have Cognitive BenefitsThe way your brain adapts during difficult times may give you some surprising advantages
Read more »
Lili Reinhart and Cole Sprouse Reportedly Broke UpLili Reinhart and Cole Sprouse reportedly broke up pre-pandemic.
Read more »
Report Reveals Online Preferences of Beauty ShoppersDotcom Distribution surveyed consumers prior and then during the COVID-19 outbreak to garner online shopping behavior.
Read more »
My kids eat all the time! Americans save money on child care but spend more on groceriesAlthough overall consumer prices fell 0.8% in April, households on average paid 2.6% more for groceries, the largest monthly increase since February 1974.
Read more »
How everyday Americans have turned disease detectives — armed with a phoneContact tracers play a vital role in reducing the spread of Covid-19. The idea is to reach out by phone to people who have tested positive for the coronavirus or are presenting associated symptoms and then track down other people who they may have exposed.
Read more »
Memorial Day sees MAGA boat parades, busy bars and boardwalk shootings as Americans adapt to changing social distancing normsMass gatherings and shootings marked the start of the Memorial Day holiday, as Americans and government officials tried to make sense of changing rules regarding social distancing amid the coronavirus pandemic.
Read more »