Title: How long does unemployment insurance last?
Headings: How long does unemployment insurance last?
How long does unemployment insurance last?
How long unemployment benefits last during the pandemic
Some workers may earn more from unemployment than their jobs
More unemployment coverage could be on the way
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Content: More unemployment coverage could be on the way
Expanded unemployment benefits provided under the stimulus bill are payable through the end of 2020. But it’s possible Congress will pass more legislation to extend unemployment payouts and length of coverage the longer the pandemic upends the economy. As unemployment rates rose during the 2008 financial crisis, for example, Congress passed legislation to extend unemployment benefits by 13 weeks. As the Great Recession wore on, Congress passed additional extensions to provide benefits through 2013, or up to a total of 99 weeks, for states experiencing continued high unemployment. Evermore tells CNBC Make It she expects expanded financial lifelines to kick in soon. “We are pushing for better automatic triggers for extensions,” Evermore says, “so Congress doesn’t have to keep coming back to extend benefits.” Check out: The best credit cards of 202 1 could earn you over $1,000 in 5 years
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