Sep 6, 2021 - Economy & Business
More than 7 million people lose unemployment benefits on Labor Day
More than 7 million unemployed people will lose their jobless benefits on Monday after federal programs expire, according to the Washington Post.
Why it matters: The expiration of benefits comes as the Delta variant continues to weigh on the U.S. economy.
By the numbers: The U.S. added only about 235,000 jobs last month, according to the latest jobs report.
- It was significantly fewer than economists expected and the smallest increase since January.
The big picture: The Century Foundation estimated last month that 7.5 million workers receiving two federal unemployment assistance programs will be cut off from aid.
- It also determined that the cutoff will disproportionately affect people of color and women.
Go deeper: Biden: "No question" Delta variant is to blame for poor jobs report