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News / Nation & World

One-third of record jobless benefits haven’t been paid

By Shawn Donnan and Catarina Saraiva, Bloomberg News
Published: June 2, 2020, 4:49pm

Almost one-third of unemployment benefits estimated to be owed to the millions of Americans who lost their jobs as a result of the coronavirus slump haven’t been paid yet, as flagship policies struggle to cope with the unprecedented wave of layoffs.

The Treasury disbursed $146 billion in unemployment benefits in the three months through May, according to data published Monday — more than in the whole of 2009, when jobless rates peaked after the financial crisis.

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