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More than 31 million Americans are still on unemployment as extra benefits set to expire

More than 31 million Americans are collecting unemployment benefits of some form, while roughly 2.3 million filed new applications to receive them last week, the Labor Department said Thursday.

Why it matters: Enhanced unemployment benefits — an extra $600 per week — authorized under the coronavirus stimulus bill are set to expire in coming days, leaving millions of Americans with a smaller financial cushion as cases spike amid the worst economic downturn of our lifetime.

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