Title: That Extra $600 Unemployment Benefit Could Get Extended
Headings: That Extra $600 Unemployment Benefit Could Get Extended
That Extra $600 Unemployment Benefit Could Get Extended
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That Extra $600 Unemployment Benefit Could Get Extended
Lisa Rowan
7/02/20 4:00PM
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People wait in line for help with their unemployment claims in Kentucky on June 19. Photo: John Sommers II ( Getty Images)
As the United States’ post-pandemic reopening plans increasingly look like a bad on-again-off-again relationship in many states, many workers have been concerned about losing their unemployment benefits. Advertisement
In March, the CARES Act approved a federal extension to the unemployment benefits distributed by state systems, giving people filing for unemployment benefits access to an additional $600 per week. But that additional payment is set to expire on July 31. If you’re receiving unemployment benefits and aren’t too optimistic about starting work again by the end of the month, you might be worrying about how you’ll pay your bills on August 1 and beyond. How Unemployment Benefits Are Changing With the Senate Coronavirus Relief Bill
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But a proposal in the Senate may eventually lead to an extension of that $600 per week benefit. The bill, called The American Workforce Rescue Act, would continue to provide additional benefits until a state’s unemployment rate dips to below 6%. G/O Media may get a commission
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Once a state’s unemployment rate drops below 11% (based on a three-month average), the $600 benefit starts to phase out, with the weekly payment dropping by $100 for every percentage point of decline in the unemployment rate until it drops below 6%, Senate Minority Leader Chuck Schumer explained in a blog post about the proposal. For example, if a state’s unemployment rate is between 9% and 10%, the weekly benefit would be $400.