Everything we know about unemployment benefits during the coronavirus pandemic
- More than 30 million Americans are seeking unemployment benefits during the coronavirus pandemic.
- Under the CARES Act, the government expanded the scope of unemployment insurance to pay more money for a longer period of time.
- The amount and length of pay varies by state, but the CARES Act added an additional 13 weeks to every state’s maximum pay period.
- As long as you are eligible to receive benefits, you can get an additional $600 a week on top of your regular benefits until July 31.
- To apply for unemployment insurance, visit your state’s website.
- Read more personal finance coverage.
More than 30 million Americans filed for unemployment insurance in March and April as a result of the coronavirus pandemic.
Restaurants, bars, nail salons, and scores of other nonessential businesses were ordered to close their doors to curb the spread of the pathogen. It sparked a wave of mass layoffs that erased a decade of record job creation after the Great Recession.
The speed and ferocity of the economic collapse prompted the passage of the CARES Act in late March, the largest rescue package in American history. Among its provisions, the $2 …continued .
[Source: Business Insider]