Finance

Unemployment benefits cut short for 300,000-plus amid pandemic: study

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Outdoor dining tents under constructions in Arlington, Virginia, on Feb. 5, 2021.

Liu Jie/Xinhua via Getty

More than 300,000 Americans lost unemployment benefits prematurely during the Covid pandemic, according to a study published Tuesday by the California Policy Lab.

That’s due to a way many states account for unemployed workers, which has understated the severity of the recession, the analysis said.

State unemployment systems have an automatic mechanism that pays additional aid to the long-term unemployed during periods of mass joblessness.

These Extended Benefits programs can pay up to 20 extra weeks of aid, on top of the typical six months of regular state benefits.

‘Exposed flaws’

But a…



Source cnbc.com

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