A shuttered business is shown in Brooklyn, NY. New York City. A surge in corporate bankruptcies is adding to a difficult labor market./Credit: Spencer Platt/Getty Images
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What Congress got wrong about calculating the unemployment insurance benefit
During the Covid-19 pandemic, Congress gave unemployment insurance recipients an extra $600 per week for three months as part of the Federal Pandemic Unemployment Compensation program. That benefit ended at the end of July, and while the virus is still spreading across the country and stalling the reopening process in many places, Congress cannot seem to agree on extending the bonus payments.
