CNBC: Federal unemployment benefits officially expire on Labor Day — but state administrative rules require that aid to end a few days earlier than some workers may anticipate.
All states pay weekly benefits according to a schedule that ends on a Saturday or Sunday. However, the American Rescue Plan offered aid to Sept. 6, which is a Monday. Therefore, the last payable week of benefits will be the one ending Sept. 4 or 5, depending on the state.
Workers may have assumed they’d be able also to collect benefits the week of Sept. 6, given the official Labor Day cutoff.
“The federal government does not allow benefit payments to be made for weeks of unemployment after Sept, 4, even if you have a balance left on your claim at that time,” according to California’s Employment Development Department.
The so-called benefits cliff will impact more than 11 million people who are poised to lose aid entirely or see a smaller check each week, according to estimates from the Century Foundation. MORE
Aaaaaaaaaaaannnnnnnd it gives them a perfect excuse to further extend the national eviction moratorium, push more debt into the future and expand Nationalized Housing.
See how it works!
Any extension will be illegal, likely to be struck down by SCOTUS.
But they will ignore any rulings, as did 0bama administration.
They’re going to keep extending this crap in the name of Covid until they drive the minimum wage up by proxy. This will kill small business, and cause large companies to automate of move their manufacturing overseas, like to their bosses in China.
Sign-of-the-times dude should be holding a phone instead of a smoke.
There’s no reason for anyone to be unemployed. Break their dinner plate and let’s see how fast they go apply at McDonald’s or Burger King. You never see a happy face on too many employees nowadays – especially the millennials. But then again, where’s a purple-hair, face tats and piercings, and a bullring in the nose millennial going to get a decent paying job? There’s one grocery store in town that won’t hire anyone like that, and that’s where I shop.
I’ve seen bums panhandling right outside of businesses with “help wanted $15 per hour” signs.
I was watching a British documentary about WW2 a few days ago. During the “Great Depression” in the US, Roosevelt massively expanded government spending , introduced the welfare state, and high taxes, and the depression continued for 10 long years. Meanwhile, in England, the government cut government spending, and cut taxes, and from 1930 until the start of WW2, England saw the greatest expansion of their economy in history. Interesting that they don’t teach that in school.
General Mills is ending it here in ME on Aug 31.
There are going to be a lot of job applicants hitting the streets.
Now if the out of staters who moved here and drove up housing costs so far that locals can’t afford them would move out.
TonyR,
Similar happenings in the US during the 1920-1921 depression immediately after WWI. Gov’t held fast, cut budget, cut spending, cut taxes. That depression was VERY sharp (50% unemployment??) but very short (1 to 1 1/2 years), and ushered in the Roaring 20s.