Tag Archives: Federal Pandemic Unemployment Compensation

Unemployment Benefit Cut-Off Will Slash Annual Incomes by $144 Billion: Analysis

“By failing to extend unemployment benefits, Congress and the White House will harm working people struggling in the pandemic.”

By Jake Johnson, staff writer for Common Dreams.  Published 9-17-2021

People’s Unemployment Line protest in Philadelphia, 2020. Photo: Joe Piette/flickr/CC

The decision by Congress and the Biden administration to let pandemic-related unemployment programs expire earlier this month will slash annual incomes across the U.S. by $144.3 billion and significantly reduce consumer spending, the Economic Policy Institute estimates in an analysis released Friday.

Drawing on recent research (pdf) examining the 26 states that prematurely ended the emergency unemployment insurance (UI) programs, EPI argues that the “best available evidence” indicates the benefit cut-offs thus far have resulted in “all pain and no gain.” Continue reading

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