The $600 Weekly Federal Unemployment Benefit expires on July 31 unless Congress takes action on further stimulus. But the temporary good news is that you will still have your state unemployment compensation.
Thanks to CARES Act, because of which all states provide 13 additional weekly of federally funded Pandemic Emergency Unemployment Assistance to state unemployment compensation.
This is a temporary relief to around 33 million people who have received unemployment benefits since the coronavirus pandemic hit the U.S. in March.
According to the U.S. Labor department, an average person is eligible for $378 a week in unemployment benefits. Taking a closer look at the different states, Washington State ranks at the top with $497.40 weekly benefits followed by Hawaii with $466.14 and Massachusetts with $444.96.
The Trump administration is not in favor of extending the $600 weekly check in the new stimulus bill as research paper from the National Bureau of Economic Research showed that two-thirds of laid-off workers are eligible for benefits in excess of their usual paychecks.
“You’d make more money if you don’t go to work. We don’t want to have that. We want to have people get out, and we want to create a tremendous incentive for people to want to go back to work," Trump told Fox Business Network on July 1.
Check out the video above to know more.
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