Trump’s Stimulus Shutdown Falls Hardest on 12 Million Unemployed

The hardest blow from President Donald Trump’s decision to shut down stimulus talks is set to fall on more than 12 million unemployed Americans, who already faced an increasingly tough time getting back to work.

Income support for the jobless has been plunging, even as the labor market’s recovery from the pandemic slump runs out of steam. An initial wave of re-hiring by companies has tempered and corporate giants like Walt Disney Co. and United Airlines Holdings Inc. have announced plans to lay off tens of thousands of workers –- highlighting the risk that many jobs lost during the ...