The Paycheck Protection Program was launched in March 2020 to help small businesses struggling due to the COVID-19 pandemic.
According to a recent Labor Department report, the consumer price index went up in April by 0.8%, a part of a 4.2% increase over the past 12 months.
On May 14, the IRS announced that more than 10 million people who paid their unemployment benefit taxes are in line for receiving refunds.
In more than half of all states, recipients of unemployment benefits will now have to actively search for work if they wish to continue receiving the payments.
The reopening of the economy and rapidly improving public health should impact the figures shown in the long-awaited Labor Department report due on May 7.
The US marks a significant economic expansion. Still, the government supplies millions impacted by the pandemic with stimulus checks.
