'If another wave of job losses does indeed hit, the unemployment safety net isn't ready to cushion the blow without significant improvements,' warns pelhamprog of TCFdotorg.
in its ongoing campaign to curb inflation, a study published Tuesday warns the notoriously fragmented U.S. unemployment system is nowhere near ready to handle another surge in jobless claims, potentially spelling disaster for the millions of people who could be thrown out of work next year.notes that"the share of jobless workers actually receiving UI benefits has shrunk dramatically" since federal benefit increases expired last year. According to TCF, just 26.
The U.S. unemployment system is overseen by the Labor Department but run by states, resulting in a wide variance in benefit size and duration—differences spotlighted by TCF's newly updated.
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