The Unemployment Insurance Cliff – A Steep Fall for Families and the Economy

On June 30, as a result of legislation that passed in the first two weeks of the legislative session, the federal emergency unemployment compensation (EUC) program will end in North Carolina and with it an estimated 70,000 North Carolinians who are out of work through no fault of their own will lose access to this modest support. An estimated additional 100,000 North Carolinians would not be able to access the federal program that will be available in every other state through the end of the year. in total, an estimated $600 million in federal benefits will be lost to North Carolina’s economy with an estimated economic impact of $1.2 billion.