68% of newly unemployed American workers could earn more money from government benefits than they did from their pre-pandemic jobs, research claims
Research published this week by the National Bureau of Economic Research shows that more than two-thirds of Americans filing for unemployment benefit during the pandemic can earn more than they were while in work.
The CARES Act created an additional $600 weekly benefit known as the Federal Pandemic Unemployment Compensation. 39 million people have filed for unemployment in the last nine weeks, according to the US Labor Department.More than two-thirds of American workers who have filed for unemployment during the coronavirus are likely earning more from government insurance than they were when they had a job, according to research published by the National Bureau of Economic Research this week.
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