US Unemployment insurance isn't ready for the next recession

Winter is approaching while the Fed continues to raise interest rates.

Recession experts predict one is imminent. Jay Powell

 The head of the Federal Reserve in the US, made it plain this month that his policy is focused on battling inflation.

 Fed officials have said that the unemployment rate may hit 5% before the bank decides to stop raising interest rates.

 That would result in the loss of employment for more than 1.5 million Americans.

Unemployment insurance played a critical role in easing the impact of public health restrictions during the pandemic-driven.

 Recession of 2020 and contributed to one of the quickest employment recoveries in recent history.

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