The unemployment rate in the United States of America has increased dramatically.
Having almost tripled with the average unemployment rate from 1948-2019 sitting around 4.7%, with it being, as of June 2020, 14,7%.
Translated to a population number that 14.7% would constitute that 53.5 million Americans are currently without work, and without an income.
In March 2020, President Trump signed a new Act into Law. The CARES Act was passed by congress in an effort to help all Americans with this tough and trying economy we are currently experiencing.
This Act serves to provide Americans who have lost their jobs due to this tumultuous economy that were not previously covered before, or are in a situation where they are in need of an extension in benefits.
Under the CARES Act people who have lost an income, or who were currently unemployed will have access to an extended period of being able to claim unemployment insurance. All states are required to offer an extra 13 weeks of PEUC, that is funded directly by the federal government, to anyone that has already exhausted their unemployment benefits.
Until the end of the year individuals who are unemployed will be eligible for this assistance. This especially includes individuals who may be eligible for Unemployment Insurance because the loss of their job was due to unforeseen circumstances that have occurred but were not previously stipulated as just cause for unemployment compensation.
Any individual who has lost their job due to the current state of the economy will be covered by PUA until the end of 2020. Until any new legislation is passed, the PEUC and PUA benefits are only valid until December 31st, 2020.
Most states allow for a 26 week period of Unemployment Insurance, and now with the CARES Act most states will be extending it by 13 weeks.
Below are some of the states maximum weekly period for unemployment insurance that don’t reach the 26 week maximum;
Some states don’t provide a stable maximum of weeks for unemployment insurance, but rather have an adjustable maximum based on the current employment status in the state.
These states serve as the anomalies to the 26 week maximum, with an extra 13 week extension rule, however to be sure you should check your state’s stance on the situation.
You can access this information through contacting your local unemployment insurance office.
Under “normal” circumstances, every state will have differing eligibility, however the main characteristics of eligibility are:
Flexibilities due to the current economic climate (The federal law allows for flexibility under certain circumstances)
You should check your specific eligibility in your home state before applying just to ensure that you do qualify.
But now that we have a good basic idea of what it takes to be eligible for Unemployment Insurance, let’s have a look at how to apply.
In order to receive unemployment insurance you will have to file a claim with your local state unemployment insurance program.
This can be done via phone, email or even in person. This is dependent on the state you are living and working in.
With this funding and the extension made available under the CARES Act, we will have access to funds that will allow you to extend your unemployment compensation so that you may have more support and time to find employment.