Economics
End of Extended Benefits May Lower U.S. Jobless Rate: Economy
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The declining U.S. jobless rate may soon get another push downward as Americans lose extended unemployment benefits.
From April 7 through May 12, about 370,000 Americans in 23 states stopped getting the benefits, which provide payments for as long as 99 weeks, according to estimates from the National Employment Law Project. People in the remaining six states and the District of Columbia who still qualify may lose eligibility by September, bringing the program to an end, the report showed.