Finance

Unemployment system fell short during pandemic. It could buckle again

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Florida resident Joseph Louis at a May 22 protest in Miami Beach asking the state to fix its unemployment system.

Joe Raedle | Getty Images

In many ways, the U.S. unemployment system has undergone a radical shift over the past year.

Washington State expanded benefits to millions of previously ineligible workers. State labor agencies — the ones tasked with issuing aid — grew staffing to unprecedented levels. Many upgraded technology and processes to issue money more rapidly.

In one calendar cycle, they pumped out years’ worth of cash to the jobless.

Yet, by some measures, the system still fell short. Many waited months for benefits — and thousands are still waiting. And stretched…



Source cnbc.com

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