Workers Getting Laid Off as Relief Runs Out

“The PPP loan program was intended to be a short-term measure, just like the extra $600 in weekly unemployment benefits, to help get small businesses through the worst of the pandemic. But the pandemic outlasted the PPP,” the Washington Post reports.

“Layoffs are beginning to spike again across the country — the number of new unemployment claims rose last week for the first time since March — as coronavirus cases soar, spurring cities and states to backtrack on reopenings only a month after appearing to turn the corner. … Those losing their jobs in late June and July are part of a wave of new layoffs from companies whose PPP money is expiring, economists say.”