They’ll disappear overnight when the first applicants get all the jobs. Then what of those who waited to jump back into the labor market???
- More than 7 million Americans are set to fall off a “benefits cliff” as a September deadline looms for an end to federal pandemic unemployment aid programs, with dim prospects for an extension in light of surging demand for labor.
- Nearly 9 million Americans were receiving benefits under two of the programs as of July 24, according to a Labor Department report (pdf)—4.82 million through PUA and 3.85 million via PEUC.
- The Century Foundation, a left-leaning think tank, estimates that when all the programs expire, 7.5 million people will be cut off, potentially