[7/6/2020] Will Strong Jobs Numbers Cause A Rethink On Second Stimulus Check?
Unemployment figures in the U.S fell to 11.1% in June, as the Bureau of Labor Statistics reported that a record 4.8 million jobs were added over the month. As employment figures improve, is it possible that Washington will re-think another round of direct stimulus payments? Probably not. There are multiple factors that could decide whether another stimulus will happen, including the direction of the health crisis, economic conditions, cost of another stimulus, as well as political factors, and going by these trends, another round of payments looks likely.
For a detailed breakdown of the components of the CARES Act signed in March 2020 view our analysis A Breakdown Of The $2 Trillion Coronavirus