US President Donald Trump speaks during a news conference in Bedminster, New Jersey, on August 7, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images)JIM WATSON/AFP via Getty Images

President Donald Trump signed an executive action on Saturday to enact a $400 weekly boost to state unemployment benefits, a cut from the $600 level it once was during the coronavirus pandemic.
But a closer look at the text of the order reveals the administration is actually setting up a “lost wages” program.
“This is outside the UI system entirely,” said Michele Evermore, a national unemployment expert, adding it could take months for overwhelmed states to design.
Governors are being ordered to work with the Federal Emergency Management Agency (FEMA) in order to set up the benefit system, and distribute benefits alongside existing state systems.
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President Donald Trump signed an array of executive actions on Saturday to bypass Congress and implement economic relief measures on his own.

Among them was a $400 weekly supplement to federal unemployment insurance through December 6. Trump claimed the relief would reach Americans in a “very rapid” manner, but neglected to say how.See the rest of the story at Business Insider

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FILE PHOTO: A woman looks for information on the application for unemployment support at the New Orleans Office of Workforce Development, as the spread of coronavirus disease (COVID-19) continues, in New Orleans, Louisiana U.S., April 13, 2020. REUTERS/Carlos BarriaReuters

US jobless claims for the week that ended on Saturday totaled 1.9 million, the Labor Department said Thursday. That slightly exceeded the median economist estimate.
That brought the 11-week total to nearly 43 million. But Thursday’s report also marked the ninth straight week of declining claims.
That ultimately means that more than one in four American workers is currently out of a job. 
Continuing claims, which represent the aggregate total of people actually receiving unemployment benefits, were 21.5 million for the week.
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Millions of Americans filed for unemployment insurance benefits last week as the coronavirus pandemic continued to force layoffs nationwide.

US jobless claims totaled 1.9 million for the week that ended on Saturday, the Labor Department said Thursday. That slightly exceeded the median economist estimate of 1.8 million unemployment filings.See the rest of the story at Business Insider

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Economists forecast a nearly 20% unemployment rate and 8 million payrolls cut in the May jobs report. Here’s what to watch.One-third of unemployment benefits have yet to reach AmericansEconomists forecast that an additional 1.8 million Americans filed for unemployment last week

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