Here’s who’s left out of Trump’s unemployment executive order

Yahoo Finance’s Denitsa Tsekova joins Kristin Myers to discuss new analysis which reveals 1 in 3 Americans out of a job will not be helped by President Trump's latest executive orders.

Video Transcript

KRISTIN MYERS: The president's executive actions on unemployment-- those are the moves that he made over the weekend after stimulus negotiations stalled-- might not help one in three Americans. So for details on who is going to be left out, we're joined now by Yahoo Finance's Denitsa Tsekova. Denitsa, thanks so much for joining us. Talk us through how many Americans are going to be left out-- one in three jobless Americans? Why is that?

DENITSA TSEKOVA: Thanks so much for having me. So we did analyze the memorandum the president signed on Saturday, and there are a few things in it. So first, there is a requirement that people who make below $100 a week, which is $400 a month of unemployment benefits, won't be able to get those extra money.

Those people account for 6% of people receiving regular unemployment benefits, and those are people who generally have very low incomes, who have low unemployment benefits, and they will likely use-- they will not be allowed-- not be able to have the bonus under his executive order. And those are predominantly women. 70% of those people are women. And the interesting thing happening is the people are losing unemployment benefits, the $600 unemployment benefits, are already losing a big chunk of their income, and this comes on top of that, weeks later.

And there is also the PUA recipients. This is pandemic unemployment assistance, which was available to contractors, self-employed workers who under the current text may be ineligible because they receive their benefits from the federal government, rather than the state government. And the way the order works, the memorandum works, is that they have to-- the state has to match 25%, and then the order will pay for the other 75%. And the problem with that is those people may be ineligible because they are getting their benefits from the federal government, rather the state government.

So what we got is around 36% of unemployed Americans who may be ineligible under that order. And all those Americans, who are around 30 million jobless Americans, haven't had any extra benefits for the last two weeks. And they've seen a drop of income of around 50% to 72%. So the situation is already very difficult, and this order is not really taking us in a better place, at least the initial text we see.

KRISTIN MYERS: All right, some really bleak news there. Thank you so much, Denitsa. And of course, you'll be able to read Denitsa's piece on YahooFinance.com.