ST Alpha - "Treasury releases data on PPP program, says 51.1 million jobs were supported by the program -- (link*)" (Reading a Post)

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Treasury releases data on PPP program, says 51.1 million jobs were supported by the program -- (link*)

Posted by znufrii, silly old man (aka znufrii) Jul 6 '20, 08:42

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https://www.reuters.com/article/us-health-coronavirus-ppp/u-s-treasury-names-small-businesses-that-took-pandemic-aid-says-51-1-million-jobs-supported-idUSKBN2471ZD (www.reuters.com)

Responses:

When PPP money and Airline bailouts expire. Curious to see the increases in unemployment -- nm - budice Jul 6, 08:43 18
- A second wave of stimulus is badly needed. -- nm - pmb Jul 6, 09:03 16
  - They also need to extend the pandemic unemployment boost which ends on July 31st. -- nm - Marquis de Krusty Jul 6, 09:09 15
    - I have mixed feelings. Several of our contractors have zero help as they are making more money on unemployment+ than they did working. -- nm - Spawn Jul 6, 09:11 14
      - You can't refuse to go back to work or unemployment ends. If you're offered your job back you have to go. -- nm - Marquis de Krusty Jul 6, 09:36
      - While this may be anecdotally true, I think it is a tiny fraction of the whole. -- nm - pmb Jul 6, 09:31 4
        
        *shrugs* Probably true but in this single town I can list five companies dealing with it. Nearly 40 people. That is a problem with them using a flat - Spawn Jul 6, 09:35 3
        
        But that's not how it works at all. They can't keep collecting UI if they were offered their job back and the employer has every reason to tell the - Marquis de Krusty Jul 6, 09:40 2
        
        Another example, I know a guy with a lawncare company in a different town. Much bigger company. He gave his workers substantial raises to keep - Spawn Jul 6, 09:42 1
        
        I can't argue with what you're seeing. I don't doubt you but I am surprised they're having issues hiring if it's not virus related. -- nm - Marquis de Krusty Jul 6, 09:44
      - Might vary by state, but my understanding is that refusal of an offer of work was grounds for termination of unemployment benefits. -- nm - znufrii, silly old man Jul 6, 09:18 7
        
        Like their boss is going to turn them in? At least he will get them back at some point. These are mainly lawncare companies so there is a shortage of - Spawn Jul 6, 09:21 6
        
        It's in his interest to tell the state as employers pay for unemployment. -- (link) - Marquis de Krusty Jul 6, 09:38 3
        
        Oh yeah. I own a business, so I know. I think their fear of the employee not returning is trumping that. Like I said, I am an outside observer but I - Spawn Jul 6, 09:40 2
        
        That makes little sense to me as there is massive unemployment so employers shouldn't have any trouble filling open positions. -- nm - Marquis de Krusty Jul 6, 09:41 1
        
        Jobs come with health care and other benefits you don't get from UI. -- nm - Marquis de Krusty Jul 6, 09:41
        
        I mean, I'm impressed that they were able to collect. - General Whee Jul 6, 09:26 1
        
        I have zero idea if they are actually collecting, but they sure seem to be waiting for the expiration to come back. -- nm - Spawn Jul 6, 09:37
- second wave of the shutdown is going to *suck* -- nm - znufrii, silly old man Jul 6, 08:54

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