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What to do if there's no more stimulus aid That alone could prevent a massive wave of layoffs. This is a very different scenario than the one that presented in March 2021, when the most recent stimulus check was approved.įinally, lawmakers aren't looking to impose massive shutdowns to combat the current COVID-19 surge like they did early on in the pandemic. Additionally, the labor market is loaded with jobs right now, so much so that many companies are raising wages in an effort to attract talent. In December, the national jobless rate dropped to 3.9%, the lowest level since the start of the pandemic. And speaking of the economy, it continues to improve. That could mean fewer workplace disruptions and closures.Īll of that would be a good thing for our economy. But the silver lining is that omicron is said to result in milder illness than its predecessors, which means it may not be as disruptive.įurthermore, the CDC recently updated its guidelines to shorten the length of quarantine for those diagnosed with COVID-19. is deep in the throes of a major COVID-19 outbreak - one that threatens to overwhelm hospital systems, force schools into remote learning, and impact supply chains. Why there may not be a fourth stimulus check If that were to happen, and the economy were to decline, then it could make the case for another stimulus payment. That scenario could force businesses to shut down and layoffs to ensue. But if that doesn't happen, and the outbreak persists, we may be in for months of disruptions. Health experts are saying that cases could peter off by late January. We're starting off 2022 with a surge of COVID-19 cases, fueled by the highly transmissible omicron variant. Why there could be a fourth stimulus check Here's why we may - or may not - see another stimulus payment come in. But that doesn't mean we should definitively write one off. Right now, there's no indication that lawmakers are looking to send out another stimulus check.
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