When Will They Come to an Agreement for Unemployment

Unlike the Democratic unemployment insurance proposal by Senate Finance Committee Chairman Ron Wyden (D-OR) and Minority Leader Chuck Schumer (D-NY), the eight-senator proposal does not guarantee continued assistance until the unemployment rate falls, nor does it correct structural flaws in unemployment insurance. President-elect Biden and the new Congress must reach an agreement that maintains the benefits and PUA as long as the unemployment rate remains high and the introduction of a vaccine facilitates an economic recovery. In addition, the COVID-19 crisis has made even clearer the need for structural corrections to the unemployment program, including higher government benefits that do not require supplementation, and more comprehensive coverage for women, low-wage workers, gig workers, and workers of color. This safety net infrastructure is an important part of rebuilding the economy with the lessons of the pandemic at your fingertips. “Now that this agreement has been reached, we`re going to go through the rest of the process and make this bill,” Schumer said. Eugene Register-Guard – The need for federal unemployment benefits persists: “It should be clear to anyone willing to look at the numbers that the U.S. labor market has not fully recovered from the recession.” Sen. Tom Carper, D-Del., is expected to introduce an amendment to the $1.9 trillion bill Friday as the Democratic-controlled Senate considers changes to the measure. His proposal will extend the weekly benefit by $300 until September. The original bill, which passed the House of Representatives last week, increased the weekly amount to $400, but ended the benefit in August. The timing of the introduction of improved unemployment insurance contributions will also depend on the state. States began handing out $600 in additional unemployment insurance about two weeks after the CARES Act was passed last spring, meaning the weekly $300 addition could begin in early January.

People who do not have a bank account or whose information is not registered with the IRS are likely to see a later distribution of payments. Bloomberg News — Don`t write off 4.1 million people who can`t find jobs: If the U.S. has a tight labor market and jobs for everyone who wants it, the deal can be dismissed for extended unemployment benefits. The United States is not there yet, far from it. Congress is expected to extend the benefits for another year. The extended unemployment benefit is just one part of a much broader bill that Biden reiterated Friday that it is essential to support the economy and stabilize the health care system. The shutdown comes at a dangerous time for the country`s pandemic-ravaged economy. With the daily number of COVID-19 deaths surpassing 3,000 on December 9, states have been forced to impose new restrictions on businesses.

Not surprisingly, more workers filed new jobless claims in the week ending December 5 than in any other week since September. Job growth had already almost stopped in November, with the economy creating only 245,000 jobs and another 400,000 Americans giving up looking for work altogether. In November, 39.6% of the unemployed had been unemployed for six months or more, the highest level since December 2013.Millions of people rely on Vox journalism to understand the coronavirus crisis. We believe that it pays off for all of us, as a society and a democracy, that our neighbours and fellow citizens have access to clear and concise information about the pandemic. But our distinctive explanatory journalism is expensive. The support of our readers helps us keep it free for everyone. If you have already made a financial contribution to Vox, thank you. If not, please consider making a contribution of only $3 today.

The Senate amended President Joe Biden`s $1.9 trillion stimulus bill to include $300 in weekly unemployment benefits by August. Lancaster Intelligencer-Journal – Congress hopes to cut unemployment benefits: Expansion of emergency unemployment benefits will allow about 1,900 Lancaster County residents to survive a difficult winter. Since the details of the non-partisan package were published on 9 December, much of the attention has focused on excluding direct stimulus payments from the package. Direct stimulus payments under the CARES Act of $1,200 for each adult ($500 for each child under the age of 17) were popular and effective: they contributed to the purchasing power of low-wage workers, seniors and people with disabilities. These payments are supported by both parties, including Senators Josh Hawley (R-MO) and Bernie Sanders (I-VT), and more recently President Trump and Treasury Secretary Mnuchin. While adding a stimulus payment to a year-end plan would increase its overall impact on the economy, a stimulus payment is by no means a substitute for the expanded and expanded unemployment benefit scheme in the multi-stakeholder proposal. The types of stimulus packages discussed may serve to increase Americans` incomes, but they simply won`t be large enough to replace the labor income lost during the pandemic. The legislation includes much-needed relief from the coronavirus, including a $300 weekly increase in unemployment insurance, a new round of $600 stimulus cheques, and renewed support for small businesses.

The House of Representatives has released its bill, which you can read here. In its final form, the agreement extends the weekly benefit by $300 until September. 6, instead of until the end of September, as proposed Friday morning, and only makes tax breaks available to those with household incomes below $150,000. Senate Democrats had announced a similar deal on unemployment benefits earlier in the day, with the exception of an additional month of unemployment benefits, but it was unclear at the time whether Manchin would have supported the proposed changes. In a Senate divided 50-50 between Republicans and Democrats, Manchin`s opposition reportedly reversed the change. After a nearly 12-hour standoff, the Democrats` unemployment insurance deal adopted a party line of 50 to 49. Biden and Democratic leaders are pushing to pass the bill before March 14, when unemployment benefits approved under a previous aid law expire. Courier Press – Congress must extend unemployment benefits: “With 4 million Americans unemployed for more than six months, long-term unemployment is a crisis.” Especially at a time when affected tenants are behind an average rent of $5,800 – $70 billion across the country – even this extra help won`t be enough to protect all families from serious risks like evictions. That`s far less than the $600 a week originally enacted by the CARES Act, which unemployed activists are working to restore. Not included are retroactive payments that cover the period since the PUC and his successor`s aid for loss of wages supplements were discontinued in September.

That smaller amount of PUC will still result in many freelancers living in high-cost cities like New York or Los Angeles, where a typical one-bedroom apartment can easily cost more than $2,400 a month, absorbing all the new benefits on offer and still not what they need to pay the rent. USA Today — Extending unemployment benefits: “The surest way to reintegrate people who lost their jobs during the worst downturn since the Great Depression is for the economy to get back on its feet. One way to make this less likely is to hurt more than a million people who are struggling to find work. Congress would do well to expand services quickly. Reading concluded overnight, so senators will move on to a three-hour debate, followed by a phase in which senators can propose and vote on amendments to the bill. The Senate is scheduled to meet again Friday at 9 a.m.m .m. Orange County Register – Why Unemployment Benefits Need to Be Renewed: “When President George W. Bush introduced an emergency unemployment benefit in 2008, it took the average unemployed American 5.6 months to find a new job. Now, this job search takes an average of nine months.

Even after the announcement of the agreement at 20 s.m. On Friday night, action on the ground was delayed by several hours as assistants completed the language of unemployment insurance and discussed other changes for the night. In doing so, the Senate broke the record for the longest recorded division since a vote opened at 11:03 a.m. .m .m. On Friday morning, a motion by Bernie Sanders (I-Vt.) to restore the $15 minimum wage was not shut down until nearly 12 hours later, at 10:53 p.m. .m.m. . . .