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When You Could See the $10,200 Unemployment Tax Credit
The highly anticipated $10,200 unemployment tax credits could be hitting bank accounts soon.
A recent study from the University of Michigan found that a large group of Americans is growing increasingly confident in the economy and expect unemployment to decline in the coming months.
Ther found that: “The consumer sentiment index rose to 88.3 this month from a preliminary 86.5 reading, which is the highest level since the onset of the pandemic.
Richard Curtin, chief economist of the survey, “Overall, the data indicate an exceptional outlook for consumer spending through mid-2022.”
This is great news for both the economy and the unemployment rate across America, and I hope that consumer confidence continues to rise as the national unemployment numbers keep dropping significantly.
Meanwhile, today is the last day in the month of April, which financial experts believe saw over 1 million new jobs created as the US economy continues to make a full recovery.
Financial institution Evercore expects employment will rise by 1 million jobs, Morgan Stanley economists forecast 1.25 million, and Capital Economics predicts a gain of 1.2 million.