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4:13 PM, Feb 27, 2020

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A bleak Christmas for America's jobless

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Posted at 3:41 PM, Dec 24, 2020
and last updated 2020-12-24 15:41:42-05

NEW YORK (AP) — Millions of Americans have been jobless since the viral pandemic ripped through the U.S. economy in March, triggering a deep recession and causing widespread unemployment.

Now, many months later, they face a holiday season they hardly could have foreseen a year ago: Too little money to buy gifts, cook large festive meals or pay all their bills.

Nearly 8 million people have sunk into poverty since June after having spent the $1,200 checks the government gave most Americans this spring and a $600-a-week supplemental jobless benefit that expired in July, according to research by Bruce Meyer at the University of Chicago and two other colleagues.