Washington, DC (December 31, 2020) — New data released by the Department of Labor reveals the number of first-time unemployment claims was 787,000 last week, making the 4-week average for the month of December 836,750.
“Last Sunday, President Trump signed a covid relief bill that includes a second round of aid from the Paycheck Protection Program (PPP), and today’s report shows just how badly small businesses have needed it. Not only does this new relief bill reopen nearly $300 billion in forgivable loans to small businesses, but it also fixes a critical tax glitch that was present before. This relief should have come months ago, and likely would have if Speaker Pelosi hadn’t been holding the PPP hostage as a political play to aid Joe Biden. We greatly appreciate the Members of Congress, and especially President Trump, who fought hard to get businesses the aid they need to make it through the Spring. Small businesses need all the help they can get in 2021 with the looming threat of Joe Biden’s tax-and-regulate agenda, but with the help of the PPP and American resilience, we will pull through. Small business is too big to fail.”