The Big Insight: The expanded federal unemployment benefits in the March 2020 CARES Act are at least partly responsible for higher unemployment.
The March 2020 Coronavirus Aid, Relief, and Economic Security Act (CARES Act) created the Federal Pandemic Unemployment Compensation program to provide an additional $600 per week to individuals collecting regular unemployment compensation from their state as well as Pandemic Unemployment Assistance for those not qualified for regular unemployment compensation.
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