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Trump wants people to go to work

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Can the new relief order send people to work?

As the talks between the Republicans and the Democrats proved to be unsuccessful regarding the new stimulus package, President Trump decided to take the matter into his hands. Saturday, the president signed a series of executive orders. One provision of these orders makes workers displaced by the pandemic eligible to receive $400 a week of unemployment benefits. 

According to the president, states will cover 25% of the new benefits, after the federal government entirely funded the previous $600/week. But given the current situation where states are facing budget shortfalls, the amount given to people will be of only $300/week. From the president's point of view, the new amount will work as an incentive, and people will have to go to work.  

Besides the $400 unemployment benefits, Donald Trump also signed measures made to halt evictions by providing a tax holiday and deferring student loan payments.

This set of measures came in after the economic shutdown caused by the pandemic left more than 56 million people unemployed. Nearly 10 million jobs have been recovered, as per the last non-farm payrolls report with the unemployment rate currently at 10.1%.

Read the latest unemployment claims report on!


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.