In the meantime, some Americans will be getting a stimulus of sorts in the form of monthly child tax credit payments. But it's also not a scenario we can write off. That's not a situation the public should hope for. However, if the economic situation continues to decline, then a fourth stimulus check could end up being back on the table. A few weeks of rising jobless claims is unlikely to make the case for a fourth round of direct payments, and even if the national unemployment rate rises slightly in September compared to August, that alone may not fuel a follow-up stimulus round. So the question really boils down to whether things will get bad enough to warrant another stimulus round. On the other hand, August's jobs reports pointed to the lowest national unemployment rate we've seen since the start of the pandemic. And given recent unemployment data, that prediction seems to be coming true.īut what does all of this mean as far as a fourth stimulus check is concerned? On the one hand, the economic situation seems to have declined in recent weeks. In fact, economists feared earlier this summer that rising case numbers would potentially lead business owners to start spending more conservatively and potentially eliminate jobs. Given the way the Delta variant is wreaking havoc on many parts of the country, this news isn't all that surprising. At this point, more than 2.84 million people are receiving jobless benefits. Not only did the number of new jobless claims increase, but the number of continuing unemployment claims rose by 181,000. In fact, that week's total was the largest number of new claims filed since the week of Aug. That's a jump from the 335,000 claims filed the week before, and it's also a much higher number than the 320,000 new claims economists were anticipating. 18, there were 351,000 new jobless claims filed. Weekly jobless claims rise againįor the week ending Sept. And given recent data on the unemployment front, that puts a lot of people in a pretty precarious situation. It's been months since lawmakers approved a round of stimulus checks, and while monthly Child Tax Credit payments have been hitting Americans' bank accounts since July, not everyone is entitled to those payments.Īt this point, boosted unemployment benefits have run out, so the jobless are limited to the benefits paid by their states alone. Watch Video: Rosengren: Fed should slow stimulus efforts by fall
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |