Do you have questions about unemployment benefits? Here’s what you need to know
Unemployment applications are seen as City of Hialeah employees hand them out to people in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. (Photo by Joe Raedle/Getty Images)
Americans are applying for unemployment in record numbers as the coronavirus pandemic has effectively shuttered much of the U.S. economy.
Roughly 16 million people applied for benefits in the last three weeks — about 10% of the workforce and nearly double the 8.7 million claims filed during the entire Great Recession.
Below, we answer some questions readers may have about unemployment benefits.
What is unemployment insurance?
Unemployment insurance is a form of “social insurance” that provides temporary income support to Americans who lose their jobs. Cash benefits are generally paid weekly to recipients.
Are benefits the same for everybody?
No. Payment amounts depend …continued .
[Source: CNBC News]