As Americans struggle with rising costs, many states’ unemployment benefits fall short, analysis finds

The U.S. unemployment system is reportedly unprepared for a recession, with some states not having raised their maximum weekly benefit in decades. That underinvestment leaves many unemployed workers underprotected, heightening downside risk to consumer spending and could force increased state budget strain or federal fiscal intervention if a downturn occurs.

Analysis

The U.S. unemployment system is reportedly unprepared for a recession, with some states not having raised their maximum weekly benefit in decades. That underinvestment leaves many unemployed workers underprotected, heightening downside risk to consumer spending and could force increased state budget strain or federal fiscal intervention if a downturn occurs.