
The benefits would be expanded by $300 a week. Eleven weeks of expanded unemployment benefits starting on Dec.The payments were to be available to individuals making up to $75,000 per year. Direct payments of $600 per person, including for dependents ages 16 and younger.The unemployment rate was 3.4% as of January 2023. unemployment rate rose as high as 14.7% in April 2020-the highest since the Great Depression.
stock market into bear market territory in March 2020, with the S&P 500 not recovering to pre-pandemic highs until June 2020. economy into a recession in February 2020. The early days of the pandemic sent the U.S.
Eviction and foreclosure moratoriums, paycheck protection, student loan forbearance, and stimulus checks were a few key elements of these laws. The government also enacted several laws to provide relief to businesses and individuals, including the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the American Rescue Plan Act. Actions on monetary policy, interest rates, quantitative easing (QE), and lending programs are several examples of how the Fed has tried to help the economy. government and the Federal Reserve (Fed) have taken steps to mitigate the effects by providing fiscal stimulus and relief. The COVID-19 outbreak has tremendously impacted the U.S.