Why The US Unemployment System Is Failing











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Many of the over 36 million people who filed unemployment claims have not yet received benefits. In fact, only 29% of unemployed Americans received benefits in March. The original design of the Unemployment Insurance system was not created to sustain such an influx of claims. During this crisis, state trust funds will be depleted and they may have to borrow from the Federal Government to be able to meet their obligations. • » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC • » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision • » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic • • About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. • • Connect with CNBC News Online • Get the latest news: https://www.cnbc.com/ • Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC • Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC • Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC • Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC • • #CNBC • Why The United States Unemployment System Is Failing

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