23 July
As economies start to reopen, unemployment benefits announced during the start of the pandemic will soon come to an end.
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The abrupt ending of these unemployment benefits along with high unemployment rates could further damage economic recovery.
Paul Krugman, Nobel laureate, shared an article on how ending the unemployment benefits scheme in the US may push millions of workers into poverty.
The $600 per week in unemployment benefits helped workers to meet their expenses.
The benefits scheme is scheduled to expire at the end of July, which economists fear will further damage the US economy.
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By GlobalDataWithout these benefits, workers will cut their spending and may even be evicted from their homes.
Additionally, without unemployment benefits, workers will be forced to look for jobs that may expose them to the virus.
