When the coronavirus pandemic hit this spring, government relief payments provided a life raft to millions of people who had been thrown out of work. That life raft, however, is now losing air, threatening to leave the unemployed in a perilous situation just as Washington leaders struggle to clinch a new package of aid ahead of the November election. New research from JPMorgan Chase Institute and the University of Chicago focused on 80,000 unemployed people shows savings built up when the government provided aid is now rapidly running out, leaving people like chemist Kate McAfee fretting about their futures. "I'm still unemployed," said McAfee, who was laid off from her job outside Cleveland back in April. "I've now exhausted my 26 weeks of...
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'I'm Still Unemployed': Millions In Dire Situation As Savings Start To Run Out