A long line for a food bank in Brooklyn on May 15, amidst the pandemic recession. Arguably the most important economic measure the United States has undertaken during the coronavirus pandemic goes by the unassuming title, “ Federal Pandemic Unemployment Compensation ” (FPUC).
FPUC is hardly a household term, but the policy it refers to has become common knowledge in a country with a 13.3 percent unemployment rate: an extra $600 per week added to every unemployment check received by jobless people during the pandemic.
It is no exaggeration to say that FPUC is the main force keeping our mass unemployment […]
Full Post at www.vox.com