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BREAKING $600 Weekly Unemployment Trump Takes Action Enhanced Unemployment Benefits PUA Now!

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Leading economists believe that the end of the weekly $600 unemployment benefits will significantly reduce the amount of household spending for millions of Americans.

These household payments, which range from groceries to credit card bills to mortgage and rent, have been the main sources of payments for those collecting the weekly $600 unemployment benefits.

Trevon Logan, an economics professor at Ohio State University, believes that this Cash Cliff that we’ve fallen off will impact payments on these essentials, stating: "People will be much more likely to miss rent payments than they were."

He continued: "The problem with this is we don't have the moratorium on evictions. So we could face a circumstance in which people are more likely to be evicted from their homes."

This is what President Trump has been talking about in his executive actions and we definitely need to protect people that are at risk of being evicted from their homes.

Meanwhile, today’s July jobs report displays that America is starting to financial recover, but still faces a significant unemployment crisis.

The report shows that 1.8 million jobs were added to the US economy, but still remains down 12.9 positions since that thing out there began.

The Bureau of Labor Statistics shows that the unemployment rate is currently at 10.2%, which is down from June’s 11.1 rate.

While this is a step in the right direction, we still have a long journey ahead of us if we hope to have a fully recovered economy.

Part time work (less than 35 hours) rose significantly in July, adding 803,000 positions.

This shows just how hard businesses are being hit, as they can only afford or provide part time positions.

I’m not sure y’all realize this but the height of the Great Depression featured an unemployment rate of 10%. We’re at 10.2% right now.

If that doesn’t illustrate to Congress how badly we still need enhanced unemployment benefits, i don’t know what will!

President Trump has stated that if Congress isn’t willing to pass an extension of the enhanced unemployment benefits, he will take executive action to get it done himself.

We’ll see if it gets to that point by the end of today, but if Congress can’t craft another stimulus package by the weekend, look for President Trump to potentially get us our weekly $600 unemployment benefits back!

I’ve got to give a shout out to all of my friends and viewers from Missouri, West Virginia, California, Ohio, New Jersey, Indiana, Michigan, Maine, New York, Pennsylvania, Oklahoma, Wisconsin, Florida, South Carolina, Arkansas, North Carolina, Iowa, Alaska, Oregon, Texas, Georgia, Illinois, Louisiana, Tennessee, Washington and New Mexico.

I know it’s excruciating waiting around for details on the extension of enhanced unemployment benefits, but hopefully we will see either a completed stimulus package or executive action shortly.

For those of you that still have not filed an unemployment claim in your state, there is still time left to file a PUA claim until December.

If you are a gig-worker, self employed, independent contractor or 1099 worker that has lost work, or seen a reduction in work due to that thing out there, you can still receive a backdated check for thousands of dollars!

Do you think President Trump will pass an extension of enhanced unemployment benefits through an executive order? Let me know in the comments below!

Source: https://www.businessinsider.com/end-federal-unemployment-benefit-extra-jobless-americans-economy-impact-rent-2020-8

https://www.forbes.com/sites/eriksherman/2020/08/07/whats-the-real-unemployment-rate-102-or-188/#5024a1ef1c2a

https://www.cnn.com/2020/08/07/economy/july-2020-jobs-report/index.html

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