Unemployment Benefits Extension Now Law, States to Begin Disbursal Immediately
President Obama has just signed the bill extending unemployment benefits into law. Now, the 300,000 jobless workers per week exhausting their 26 weeks of state
Jul 31, 2020117K Shares2.5M Views
President Obama has just signed the bill extending unemployment benefits into law. Now, the 300,000 jobless workers per week exhausting their 26 weeks of state unemployment insurance benefits will be allowed to move onto federally funded benefits. Workers who have not had access to the federal extension since benefits lapsed on June 2 will be reimbursed. The extension carries forward to Nov. 30.
The unemployment insurance benefits were held up in the Senate over concerns over the deficit for an unprecedented two months. Never before has Congress allowed extended benefits to lapse with the national unemployment rate over 7.2 percent. The rate is currently 9.5 percent.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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