How $600 Unemployment Benefits To Jobless People Helped Rescue The American Economy

Yuqing Liu/Business Insider At the end of July, the extra $600 weekly unemployment insurance benefit established by the CARES Act in March expired, immediately slashing pay for millions of out-of-work Americans. The benefit not only supported those out of work due to the coronavirus crisis, but powered the early months of the economic recovery from the pandemic recession, economists say.

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