As a result of the destruction the coronavirus pandemic has brought to America, President Trump has signed a bipartisan $2 trillion relief package. This package includes an extended unemployment insurance program for laid-off workers. What is the purpose of unemployment insurance expansion? How does this expansion affect the natural rate of unemployment in the U.S.?
As a result of the destruction the coronavirus pandemic has brought to America, President Trump has signed a bipartisan $2 trillion relief package. This package includes an extended
The unemployment insurance program provides financial support to the jobless people. During the coronavirus pandemic, large number of people are experienced unemployment situation and price of goods in market increased due to the shortage of supply. Thus, it is harder for the unemployed people to survive. Thus, government extended unemployment insurance program for laid-off workers.
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