Jul 17, 2020

Alabama June 2020 Unemployment Report



State officials say the Alabama unemployment rate dropped to 7.5% last month. One year ago it was 2.9%.
State Employment and Unemployment (Monthly) for June 2020

But...N.Y. Times columnist Paul Krugman says the unemployment situation is about to get a whole lot worse for people who are unemployed when the $600 Federal supplement expires next week:

"For that $600 weekly supplement — which accounts for most of the expansion of benefits — applies only to benefit weeks that end “on or before July 31.” July 31 is a Friday. State unemployment benefit weeks typically end on Saturday or Sunday. So the supplement will end, in most places, on July 25 or 26, and millions of workers will see their incomes plunge 60 percent or more just a few days from now."
His full column is HERE.

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