Earlier this year, we published a study estimating that a $600 weekly unemployment bonus, on top of usual state benefits, would lead to millions fewer Americans working. The purpose of this study is to examine after the fact what happened to labor market trends in the United States while those benefits— later reduced to $300 a week—were in place and estimate the lost employment. This study then projects how many fewer Americans will be working in the months ahead if another $600 a week unemployment bonus, which has been proposed in the House of Representatives (the “updated HEROES Act”), were to be enacted into law.