In this video, Dr. Chhoda explores:
1 – TIMELINES OF ALL THE UNEMPLOYMENT BENEFITS TALK
2 – DISTURBING UNEMPLOYMENT NUMBERS
3 – INEVITABLE LAPSE IN UNEMPLOYMENT BENEFIT EXTENSIONS
… and how you should plan ahead.
REMEMBER – A small window of opportunity DOES exist because Nancy Pelosi left the door open to House reconvening within 24 hours.
TIMELINES OF ALL THE UNEMPLOYMENT BENEFITS TALK
March: CARES Act creates unemployment extension benefit until July 31
May 15: House Democrats pass HEROES Act extending enhanced UI to 2021
May 19: President tells GOP he does not support extension of enhanced UI
July 27: Senate GOP releases HEALS Act calling for reduction to enhanced UI
July 30: Democrats reject 1 week extension of enhanced UI
July 31: White House blames Democrats for UI expiring
DISTURBING UNEMPLOYMENT NUMBERS
The 5.4 million job openings we had in May is down from the 7 million we had in February, pre-pandemic.
And it means there are 5 unemployed workers for every opening.
INEVITABLE LAPSE IN UNEMPLOYMENT BENEFIT EXTENSIONS
Even if benefits extended in full today, we’re still looking at a 2 week or more lapse in unemployment benefits
States have already prepared their systems to cut off the benefits.
State offices will need weeks to reprogram their systems to account for an extension of the $600 weekly federal payments that expire on Saturday.
Tens of millions of laid-off American workers will go weeks without federal jobless aid — because the government has not renewed the benefits in time for overwhelmed state unemployment systems to adjust their computers.
State offices will need weeks to reprogram their systems to account for an extension of the $600 weekly federal payments that expire today — or any changes that Congress makes to the benefit amount or eligibility rules.
That comes on top of hardships faced by workers in states like Washington and Nevada, who are already waiting months to get their first payments in the middle of the pandemic because their unemployment offices can’t handle the historic flood of claims.
In some states with particularly antiquated systems, it’s already too late to prevent a lapse, even though the federal benefits haven’t officially expired, according to people familiar with how the systems work.
A gap in the federal program could be devastating for laid-off workers, many of whom are on the verge of eviction and are already behind on their bills.
The $600 federal check comes on top of workers’ normal benefit payments which average around $340. The weekly benefit amount varies by state, and is as low as $235 per week in Mississippi.
Once workers finally receive their benefits, they are grateful, but by then it may be too late. They may have already lost their home, been evicted, had their car repossessed. The timing of the lapse in the $600 federal payment is terrible since it coincides with the moratoriums on eviction expiring
Do you want direct, breaking news alerts from Ignition Time? Get your cell phone out and from your cell phone, send an SMS:
TEXT IGNITION TO 70000
TEXT TIME TO 70000
FOLLOW INSTRUCTIONS VIA TEXT, ACCEPT OUR DISCLAIMER & RECONFIRM YOUR EMAIL to get breaking news alerts that are fair and balanced. Opt out at any time.