Breaking

At least 1 million people may not get Trump's $400 unemployment boost
Aug 11, 2020 1 min, 18 secs

Instead, Trump's executive order offers an extra $400 a week — a $300 federal benefit and a $100 state benefit.

That's due to a restriction stipulating that eligible recipients must be getting at least $100 a week in state unemployment insurance benefits.

Roughly 3% of those collecting unemployment insurance get less than $100 a week — implying about 1 million people, according to an analysis by Ernie Tedeschi, an economist at Evercore ISI.

Many workers currently receiving federally funded unemployment assistance may also miss out on the extra aid, according to Michele Evermore, a senior policy analyst at the National Employment Law Project.  .

The federal program expanded the pool of workers eligible for unemployment benefits to include self-employed, gig, freelance and contract workers, among others.

There were about 13 million people getting benefits through that program as of mid-July, according to most recent Labor Department data — representing more than 40% of all recipients of jobless aid.

Trump's order says states may satisfy their financial obligation ($100 a week) by counting their current benefit outlays.

(In other words, a state wouldn't have to put in additional funds if it already pays a worker $100 a week in state benefits.) But PUA is a federally funded program, meaning recipients don't getting state money.

So, for PUA recipients to be eligible for the federal $300-a-week, states may have to kick in an extra $100 for these workers — which isn't a given considering current state budget shortfalls, Evermore said.

The same would be true for other workers, like those getting aid through work-sharing programs and extended benefits, Evermore said

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED