As Labor Day approaches, millions of Americans are facing a sharp drop in their incomes due to the termination of all pandemic unemployment benefits. The emergency unemployment infrastructure that sustained so many workers during the pandemic were comprised of three programs:
Federal Pandemic Unemployment Compensation (FPUC), which initially provided the jobless with a $600-a-week federal bonus on top of their state-level unemployment benefits. That bonus fell to $300 a week this year. The program was originally intended to keep workers solvent amid the widespread lockdowns of spring 2020. But it later came to function as a temporary solution to the problem of America’s unusually stingy state-level unemployment benefits, which average just $334 a week.
Pandemic Unemployment Assistance (PUA), which extended unemployment benefits to the self-employed, gig workers, independent contractors, and part-time laborers.
Pandemic Extended Unemployment Compensation (PEUC), which extended the total duration of the typical jobless Americans’ unemployment benefits from 26 weeks to 79 weeks.
To learn more about how these changes could impact our economy, click below.