Dr. Chhoda explores latest reporting about the $300/week unemployment benefit extensions.
More than 5 million people won’t get the $300 unemployment boost right now because they are in states that are still not getting the funds.
32 states had received federal approval to offer an extra $300 a week in unemployment benefits as of 12 noon ET today.
About 5.5 million workers are currently receiving unemployment insurance or Pandemic Unemployment Assistance in the states that haven’t yet gotten approval.
Meanwhile, many eviction protections are gone, an aid program for small businesses ended and jobs are hard to find.
So far, 32 states will offer an extra $300 a week in unemployment benefits, funded by the federal government, as part of a Lost Wages Assistance program.
Those states have gotten approval from the Federal Emergency Management Agency over the past week and a half to offer the subsidy, which is being paid by up to $44 billion in federal disaster-relief funds.
Some states, like Kentucky and Montana, are kicking in an extra $100 from a federal coronavirus-relief fund, for a total of $400.
Delaware, the District of Columbia, Florida, Hawaii, Illinois, Kansas, Minnesota, Nebraska, Nevada, New Jersey, North Dakota, Ohio, Oregon, South Carolina, Virginia, West Virginia and Wyoming haven’t yet received approval to offer the $300 boost at the time we are releasing this video.
That means about 5.5 million people receiving unemployment benefits are currently left out from getting more jobless aid, according to a CNBC analysis of Labor Department data.