berg80
Diamond Member
- Oct 28, 2017
- 33,694
- 27,456
- 2,820
As Americans struggle with rising costs, many states’ unemployment benefits fall short, analysis finds
The U.S. unemployment insurance system is not prepared for a recession, experts say — with benefits in many states falling far short of workers’ wages.Currently, most states offer maximum benefits far below the bipartisan recommendation that the top payments cover at least two-thirds of workers’ prior average weekly wages, according to an analysis exclusively provided to CNBC by Michele Evermore, a senior fellow at the National Academy of Social Insurance, a nonprofit that focuses on the country’s safety net.
“The big takeaway here is that with stagnant maximum weekly amounts, UI is not going to be able to act as a stabilizer in 2026, even as well as it did in 2008,” Evermore told CNBC.
As Americans struggle with rising costs, many states’ unemployment benefits fall short, analysis finds
The U.S. unemployment system is not prepared for a recession, with some states having failed to raise their maximum weekly benefit in decades, experts say.
The material effect being the next recession will be more severe because the unemployed will be forced to reduce spending even further than they ordinarily would have to. But heck, we don't have to worry any time soon, right? Cuz we have trump's A++++++ economy. The greatest the world has seen, right?
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
Fourth-quarter GDP revised down to just 0.7% growth; January core inflation was 3.1%
The PCE price index for January was expected to show headline inflation at 2.9% and core at 3.1%.
Not to worry, the guy god saved to MAGA is in charge.
Medicaid cuts put home- and community-based services at risk
Medicaid cuts put home- and community-based services at risk
Medicaid cuts and a draft Medicare Advantage rule could reduce access to home- and community-based care, providers say.