Sep 6, 2021 - Economy

More than 7 million people lose unemployment benefits on Labor Day

Jacob Knutson

A "now hiring" sign hanging in a store window in New York City in August 2021. Photo: Spencer Platt/Getty Images

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

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More than 7 million people lose unemployment benefits on Labor Day

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