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One alarming chart shows virus cases spiked soon after initial stimulus efforts were exhausted

covid vs unemployment rate

Summary List Placement

Congress’ critical support for unemployed Americans expired just as US coronavirus cases surged in a second wave.

The $2.2 trillion CARES Act was widely praised as buoying small businesses, households, and struggling sectors through the first months of the pandemic. The package also included critical aid for jobless Americans in direct relief payments and a $600-per-week expansion to unemployment benefits.

The unprecedented amount of fiscal support fueled a sharp initial rebound in economic activity, hiring, and consumer spending. Yet enhanced unemployment benefits ended in July, leaving jobless Americans with considerably less financial aid. Businesses were also forced details ⇒

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