Tag Archives: washington

BIPOC, Local, National

Thousands face end of unemployment benefits on December 26

Update: An edit was made to reflect that the SBA estimates one-third of all small businesses will fail by June of 2021.

With growing signs that the economic recovering is stalling out and a fresh set of COVID-based lockdowns across the United States, federal benefits will end on December 26 with no extension in sight. The Federal CARES Act provided additional unemployment benefits in Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC). For thousands of Washingtonians depending on these lifelines, the looming deadline is a body blow.

PUA provides for an additional 13 weeks of unemployment compensation above and beyond state benefits. PEUC provides unemployment compensation for gig workers, the self-employed, and others who rely upon 1099 pay. Recipients of PEUC typically would not be eligible for traditional unemployment compensation, with millions of Americans dependent on the “gig economy” for work.

Congressional leaders, the White House, and the Federal Reserve have been bickering over a new COVID stimulus package since the summer with no progress. The White House has favored a $2.4 trillion package, including small business and individual relief, which the House has supported. The Senate prefers a far smaller package of $500 billion, which provides almost no individual relief and corporate protections that are a non-starter for the House.

Federal Reserve Chairman Jerome H. Powell issued a very rare rebuke to Treasury Secretary Mnuchin, who ordered the Fed to wind down CARES Act programs and return all unspent funds to Treasury. Chairman Powell indicated that the economy is still fragile, and ending these programs prematurely as COVID surges could extend the ongoing recession. Despite the public dust-up, the Fed agreed to wind down these programs over the weekend in a letter to Mnuchin.

The unemployment rate has dropped to 6.9% in October. However, the U3 unemployment figure doesn’t include people who have exhausted their unemployment benefits. The broader U6 unemployment figure consists of those who have used up unemployment compensation, given up looking for work, or, most critically, are underemployed. The U6 for October was 12.1%, down from a high of 18% earlier in the year.

White House and GOP leaders are distracted, attacking the national election results with baseless fraud claims, indicating they have no interest in focusing on economic security. The Small Business Association estimates one-third of all small businesses will fail by June of 2021. So far, in 2020, 40% of all black-owned small businesses have collapsed.

Also looming in early 2021 is the end of eviction, foreclosure, and energy bill deferments. Over 12 million American households are $5,000 or more behind on rent or mortgage payments.

Local, Safety

Washingtonians panic buy in stores as COVID restrictions loom

It was deja vu for Washingtonians who flocked to grocery and department stores to buy – everything – with looming COVID restrictions announced on Sunday. Even before Jay Inslee made his 11 AM announcement, lines stretched for more than a block outside Costcos throughout the state. Untrue rumors that grocery stores would be ordered to shut down drove dazed residents into a buying frenzy. Once again, toilet paper and paper towels appeared to be the critical supplies needed to survive a pandemic.

On Sunday, restrictions announced would require all retail stores to limit their capacity to 25%, including grocery stores. Even in the hardest-hit regions of the world, a government shutdown of grocery stores has not happened. Government officials and industry experts appealed to people not to panic-buy, stating the supply chain was strong. Shoppers found empty isles across the state, with some shouting and pushing matches over paper products reported at some stores.

Washington is earthquake country, and residents should have a 7 to 14 day supply of required goods on hand at all times. Emergency preparedness experts chimed in, stating that properly prepared homes would not have to buy any goods to prepare for potential disruptions if they have a good earthquake plan already in place.

Breaking News, Health and Lifestyle, Local

Governor Inslee to address Washington state 5:30 PM today

Governor Jay Inslee will address Washingtonians at 5:30 PM as the numbers for COVID-19 infections in the state of Washington accelerate. According to the Washington Department of Health, COVID-19 hospitalizations have increased 22% from November 3 to November 9, the most recent data available. Additionally, the rate of newly diagnosed cases, a gauge on how quickly COVID-19 is spreading, is near the highest levels recorded for the state, 145.2 per 100K.

Hospital capacity statewide remains positive, but the number of COVID patients is increasing, as well as those critically ill. ICU availability also remains. Idaho has been sending their sickest patients to Western Washington, with the state outstripping their hospital capacity. Idaho does not have a mandatory mask requirement and officials in the panhandle, where the infections are the worst, recently lifted pubic health restrictions.

Rural counties and counties where mask compliance is lower, or outright resisted is seeing some of the worst numbers. Positive test rates in Whitman County are 37.3%, Adams County 22.1%, Spokane County12.4%.and Clark County along the Oregon border is 10.4%.

This is a breaking news story and we will provide more information as it becomes available.