Long Island News Post Published on August 12th 2020, Written by Nick P.
As the $600 bonus to unemployment payments recently ended, many people are now out of work without the ability to find a job and were relying on the additional money to cover their basic living expenses. There is now an ongoing debate between the democrat and republican parties as to how to provide these people with additional benefits while also incentivizing people to go back to work.
As of now, there are talks of a bill that would provide an extra $400 of weekly relief. Although this is not as much as the prior payments, it would certainly give some much needed relief to families throughout Long Island.
In addition to widespread power outages in residential areas, businesses were also affected by the storm. The LIRR had to temporarily suspend their operations and many small businesses were forced to close due to not having power. This is unfortunate timing, as many local restaurants that were already struggling from the COVID Pandemic were forced to throw out products due to their freezers not being able to run.
Because Long Island's economy is made up of mostly small businesses, the effects of these additional payments would have a ripple effect throughout. As more people would be able to go out and buy products from small businesses, in turn it would allow these businesses to re hire their employees that they have not been able to afford due to the loss of business from the pandemic.
Although the additional money is not guaranteed as of yet, New Yorkers are hopeful the federal government can offer additional relief into these issues as a spark to local economies. Until an update is given by the federal government, you can stay up to date with New York Unemployment on the states website.
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Long Island News Post Published August 12th, 2020
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