• 54°

1.3 million losing unemployment benefits Saturday

WASHINGTON (AP) — More than 1 million Americans are bracing for a harrowing, post-Christmas jolt as federal unemployment benefits come to a sudden halt this weekend.
The development entails potentially significant implications for the recovering U.S. economy and sets up a tense battle when Congress reconvenes in the new year.
For families dependent on cash assistance, the end of the federal government’s “emergency unemployment compensation” will mean some difficult belt-tightening as enrollees lose their average monthly stipend of $1,166.
Jobless rates could drop.
But analysts say the economy may suffer with less money for consumers to spend on everything from clothes to cars. Having let the “emergency” program expire as part of a budget deal, it’s unclear if Congress has the appetite to start it anew.

Comments

Comments closed.

College

Catawba baseball: Crowd comes out to say goodbye to Newman Park

Lifestyle

History is a great teacher: Farming has helped shape Rowan County

Business

‘A safe place for them’: Timeless Wigs and Marvelous Things celebrates fifth anniversary

China Grove

County will hear request for more tree houses, hobbit-style homes in China Grove

Coronavirus

Livingstone College partners with Health Department to administer 500 Pfizer vaccinations

Education

‘Elite and it shows’: Staff at Partners in Learning at Novant celebrate news of national accreditation

Business

Biz Roundup: Food Lion earns Energy Star award for 20th consecutive year

Columns

Ester Marsh: What body type are you?

Nation/World

The queen says goodbye to Philip, continues her reign alone

Nation/World

Worldwide COVID-19 death toll tops a staggering 3 million

Nation/World

US, China agree to cooperate on climate crisis with urgency

Nation/World

Sikh community calls for gun reforms after FedEx shooting

High School

North Rowan romps into second round of football playoffs

Nation/World

FBI had interviewed former FedEx employee who killed eight

Crime

Gastonia man sentenced for crash into restaurant that killed his daughter, daughter-in-law

Nation/World

Some call for charges after video of police shooting 13-year-old in Chicago

Business

State unemployment rate falls to 5.2% in March

Coronavirus

NASCAR approach to virus vaccine varies greatly

News

Judge rejects Cherokee challenge against new casino in Kings Mountain

Elections

Jackson tops NC Senate fundraising; Walker coffers also full

Local

Kiwanis Pancake Festival serves thousands of flapjacks for charity

Coronavirus

Rowan remains in state’s middle, yellow tier for COVID-19 community spread

Crime

Blotter: Man faces sexual exploitation charge for images on Instagram

News

Defendant convicted in attempted murder case on the run after fleeing from trial