There’s an unemployment cliff coming. More than 7.5 million may fall off

Federal unemployment programs that have paid jobless benefits since March 2020 are poised to end Sept. 6. It doesn’t appear Congress will extend them again. Roughly 7.5 million people will lose benefits entirely at that time, per one estimate. Those eligible to collect state unemployment insurance may continue to receive weekly payments past Labor Day. They would get $300 less per week.

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