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Some people may end the extra $600 pandemic unemployment assistance in a week



Now, of the approximately 33 million workers who are applying for unemployment benefits, some may be surprised next month. The extra $600 a week in unemployment benefits that will expire on July 31 may end one week earlier in some states.

The reason comes down to technicality: the timetable for issuing unemployment benefits. The Coronavirus Assistance, Relief, and Economic Security Act (or CARES Act) sets July 31 (Friday) as the last day to pay an additional $600 per week for pandemic relief benefits. However, some states pay unemployment benefits in the weeks ending on Saturday or Sunday.

According to the U.S. Department of Labor, if this is the case in your state, the last week to receive additional benefits will be Saturday, July 25 or Sunday, July 26.

The states where unemployment benefits will end before July 31

include California and New York, and their labor department payment cycles end on July 25 and July 26, respectively. According to the analysis of the left-leaning economic policy institute, they demand more unemployed workers than any other state, with 3 million in California and 1.8 million in New York.

After this date, unemployment benefits will return to pre-pandemic levels, which vary from state to state, but are much less generous. For example, California’s regular unemployment benefits are $167 per week, and laid-off New Yorkers can receive up to $504 per week, depending on their income at work.

EPI said in its analysis that more than one in five workers nationwide are receiving unemployment benefits or have recently applied for unemployment benefits.

An additional $600 per week in additional benefits is a credit to many families to support their livelihoods during the recession caused by the coronavirus pandemic. Despite calls for expanded benefits, it is unclear whether it will happen after the July 31 deadline.

Dallas Fed Chairman believes unemployment rate will be high by the end of the year

The Heroes Act passed by the House of Representatives last month extended benefits until the beginning of 2021, but some Republican lawmakers have expressed opposition on the grounds that they believe that in many lower-wage states, receiving additional unemployed wages will not It is beneficial to return to work instead of the expanded unemployment benefits.

EPI State Economic Analyst Julia Wolfe said in a blog post last week: “These benefits are vital lifelines that can help workers achieve breakeven while maintaining the necessary social distance, This prevents the spread of coronaviruses.” “In fact, a weekly increase in the UI allowance of $600 may be the most effective measure in the CARES Act, which protects workers from economic harm and initiates a final economic rebound, and should be extended to July.” “

Losing an additional $600 earlier than expected may not only cause financial shocks to these families, but also to the local economy. Without continued assistance, more Americans may have difficulty paying bills or rent, leading to eviction and default on loans.

Oxford economist Lydia Boussour wrote in a research report last week: “With the expansion of unemployment benefits will expire at the end of July, if further financial Support will severely limit income and further affect the recovery of freshmen.”


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