Factsheet: Expiration of CARES Act Unemployment Benefits Will Harm New Yorkers and the Economy
Unemployment claims for the weeks ending December 5 and 12, 2020, are 23 percent higher than claims from the two prior weeks, November 21 and 28. Unemployment in New York State remains historically high, with initial claims for the week of December 12 rising by as much as 400 and 500 percent in some counties. The remaining enhanced unemployment insurance (UI) programs established under the CARES Act will expire on December 26, 2020. Over 1 million New Yorkers will lose benefits when Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC) expire. These programs help workers who [...]