![]() ![]() ![]() ► Powell says high inflation poses major threat to job market: Comments raise possibility of faster rate increases What to do if there's no more stimulus aid That alone could prevent a massive wave of layoffs. This is a very different scenario than the one that presented in March 2021, when the most recent stimulus check was approved.įinally, lawmakers aren't looking to impose massive shutdowns to combat the current COVID-19 surge like they did early on in the pandemic. Additionally, the labor market is loaded with jobs right now, so much so that many companies are raising wages in an effort to attract talent. In December, the national jobless rate dropped to 3.9%, the lowest level since the start of the pandemic. And speaking of the economy, it continues to improve. That could mean fewer workplace disruptions and closures.Īll of that would be a good thing for our economy. But the silver lining is that omicron is said to result in milder illness than its predecessors, which means it may not be as disruptive.įurthermore, the CDC recently updated its guidelines to shorten the length of quarantine for those diagnosed with COVID-19. is deep in the throes of a major COVID-19 outbreak – one that threatens to overwhelm hospital systems, force schools into remote learning, and impact supply chains. ► Record inflation: Consumer prices jump 7% in 2021 to highest rate in 39 years Why there may not be a fourth stimulus check If that were to happen, and the economy were to decline, then it could make the case for another stimulus payment. That scenario could force businesses to shut down and layoffs to ensue. ![]() But if that doesn't happen, and the outbreak persists, we may be in for months of disruptions. Health experts are saying that cases could peter off by late January. We're starting off 2022 with a surge of COVID-19 cases, fueled by the highly transmissible omicron variant. ![]() ► The Daily Money: Get our latest personal finance stories in your inbox Why there could be a fourth stimulus check Here's why we may – or may not – see another stimulus payment come in. But that doesn't mean we should definitively write one off. Right now, there's no indication that lawmakers are looking to send out another stimulus check. But will a new year mean a new windfall to look forward to? Many Americans were disappointed to see 2021 come to an end without receiving a fourth stimulus check in their bank accounts. While most people do not need to do anything in order to get a stimulus check, the IRS is urging some people to file a tax return in order to receive the money for which they are eligible.Watch Video: Fed's Powell: Inflation is a major threat to jobs People who receive VA benefits and do not typically file tax returns could get their payments by mid-April, the IRS estimates. The IRS is continuing to work on getting stimulus checks to Veterans Affairs beneficiaries. Most of the payments are slated to officially be received by direct deposit on April 7. The IRS began issuing payments to those people over the weekend. That includes Social Security, Supplemental Security Income and Railroad Retirement beneficiaries. More payments are also underway to federal beneficiaries who neither filed tax returns in 2019 or 2020 nor used the IRS' non-filer tool last year. Prior to this third batch of payments, the IRS sent checks to people who had either filed 2019 or 2020 tax returns, or who had submitted their information to the IRS last year through its non-filer tool online. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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