Here’s how long the additional $300 in unemployment benefits will last

[Yoni Heisler]

• FEMA last month approved a $300 increase in weekly unemployment benefits.
• 47 states thus far have applied for and been approved to send out the bonus payments.
• While some states have already started making the increased payments, other states won't begin making payments until next month.

While the unemployment rate in the U.S. has fallen substantially in recent months, it's still markedly higher than it was during pre-corona times. According to recent data from the Bureau of Labor Statistics, the unemployment rate in the U.S. last month was about 8.4%. As a point of contrast, the unemployment rate during the peak of the coronavirus pandemic was close to 16%. Before the pandemic struck, however, the unemployment rate was somewhere in the range of 3%.

With millions of Americans still out of work and struggling to make ends meet, FEMA last month approved a $300 increase in weekly unemployment benefits. Individual states need to apply for the benefits, which is to say that if you're in a state that hasn't applied, you're out of luck. To date, 47 states have applied for and been approved for the $300 increase.

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Here’s how long the additional $300 in unemployment benefits will last originally appeared on BGR.com on Mon, 14 Sep 2020 at 15:58:53 EDT. Please see our terms for use of feeds.

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