CARES Act Unemployment Benefits

Ever since COVID-19 began in March, the federal government passed a $2.2 trillion Coronavirus Aid Response and Economic Security (CARES) Act to help the economy. This helped give many Americans who were on unemployment an extra $600 every week. This was extremely helpful for both individuals and businesses. Although this has been very helpful, we must be aware that the ""Extra $600 CARES Act unemployment benefit ends July 31".

So what does this mean? July 31st will be the last day that Americans will receive the extra $600. As of now, there seems to be no plans on extending this date, but it is possible if COVID continues to spread at an alarming rate. The article above will go into further details regarding the CARES Act and unemployment benefits.