"What's going to happen then with all that uncertainty — who is going to spend money?"

His group has looked at the relationship between unemployment aid and the nation's jobless rate, and hasn't found a connection that suggests many workers are snubbing work to remain on the dole. July 23, 2020 1 p.m. That's because states will need to reprogram their computers to input the new dates for the extra pay, a The gap in benefits could last as long as four weeks if the extra payments expire this month and then are reinstated by Congress, Among those urging lawmakers to extend the extra $600 in benefits are former Federal Reserve chiefs Ben Bernanke and Janet Yellen. If an extension or a stimulus bill isn’t passed by Friday, 17.3 million Americans currently receiving unemployment benefits will see the $600-per-week federal unemployment benefits end. If they pare spending to offset the hit to their income, that could provide a shock not only to household budgets but also to local economies. "The notion that the extra jobless aid provides a disincentive to return to work has been met by skepticism from some economists, including Mark Zandi, chief economist of Moody's Analytics. Learn more. …

In a Congressional hearing on Friday, Yellen "The other purpose of the unemployment insurance is to increase aggregate demand," he said.

But that extra $600 benefit is set to expire in Oregon on July 25, unless Congress can come to an agreement to extend it. "The labor market is a mess," Zandi said in a recent conference call with reporters. Americans should have received their final unemployment check with an extra $600 on Sunday. One hint of what could be in the works comes from the U.S. Chamber of Commerce, a lobbying group for businesses. White House Chief of Staff Mark Meadows called out democrats for rejecting a short-term deal that would have extended the benefits for one week. That means Oregonians will see their unemployment payment fall by roughly half or more next week.“We know that many Oregonians have been counting on the extra $600 per week through the Federal Pandemic Unemployment Compensation (FPUC) program,” said David Gerstenfeld, acting director for the Oregon Employment Department, in a statement. Fortune. That could cause problems for Oregon’s employment department, which has struggled to keep up with unemployment claims during the pandemic.Oregonians who have applied for regular unemployment benefits or Pandemic Unemployment Assistance (PUA) and have not yet been paid for weekly claims between March 29 and July 25 will still be eligible for the extra $600 per week for those weeks, even if Oregon is unable to process their claims until after the federal benefit expires.The employment department is encouraging unemployed Oregonians to visit “We hope that Congress will quickly pass additional measures to extend the program or come up with a solution that is able to be easily implemented so Oregonians can get more relief -- and quickly,” Gerstenfeld said.Note to readers: if you purchase something through one of our affiliate links we may earn a commission.Registration on or use of this site constitutes acceptance of our © 2020 Advance Local Media LLC. The extra $600 in unemployment benefits ends July 25, and no extension or new help is in the works . Second, the labor market recovery appears to be stalling as a surge in coronavirus around the U.S. forces states to pause their reopening plans, with employers cutting job listings in recent weeks, employment site Glassdoor has found. Unemployment benefits will return to pre-pandemic amounts after Sunday, which is capped at $450.If Congress passes a short-term extension, there could be a gap of a few weeks until those benefits are available. Everyone getting any type of unemployment benefits gets an extra $600/week (for each eligible week from March 29, 2020 - July 25, 2020). All Rights Reserved. Milwaukee Journal Sentinel. "People will go out and spend and that will help the economy generally.

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