Total Weeks of Unemployment Available: Maximum of 52 - 59 weeks, depending on location, a state's unemployment rate, and eligibility. In 1933, the unemployment rate reached a record of 24.9%. Unemployment remained above 14% for nine years, between 1931 and 1940. Since shelter-in-place rules were put in place, tens of millions of Americans have received the extra federal unemployment aid. It's a very high proportion, but it makes sense.

Employers only lay off workers after business has already slowed. CARES Act Expanded Unemployment Programs In addition to new claimants, workers who were already collecting or have exhausted unemployment insurance are eligible for augmented benefits. FEMA approved the LWA program for six weeks to 48 states, along with Guam and Washington DC.
What's the Real Unemployment Rate & Why Does It Matter?

So, which states are losing their funding and what could happen next? What Will the Economy Do in 2020 and Beyond? If Congress decides to reinstate a federal unemployment benefit bonus -- in any amount -- it will likely take two to four weeks for payments to flow to states and then recipients, according to the Economic Policy Institute. They don't always because they are taken from two different surveys.

New unemployment benefit of over $8,000? Once a vaccine becomes widely available, the economy is expected to bounce back. Trump's executive memo called for the federal government to supply $300 a week in extra unemployment benefits for six weeks, starting retroactively on Aug. 1.   Unemployment remained above 14% for nine years, between 1931 and 1940. Keep in mind that the unemployment rate is a lagging indicator. The real rate also contains 535,000 discouraged workers. This would disqualify 1 million people, according to the New York Times.

There are discussions in the White House for additional executive actions according to a report from the Washington Post on Sept. 9. The unemployment report and the jobs report vary by a tenth of a point here and there.

State governments are slowly allowing restaurants, services, and other nonessential businesses to reopen. April's unemployment rate, in perspective, was the highest since the Great Depression.

New Jersey Unemployment Rate is at 13.80%, compared to 16.80% last month and 3.30% last year. She writes about the U.S. Economy for The Balance.

Discouraged workers are people who have given up looking for work but would take a job if offered. Here are the states that announced the end of the $300 bonus: The Texas Workforce Commission sent notices on Sept. 9 saying the last LWA check would be for the week of Sept. 5.
U.S. Bureau of Labor Statistics.

The chart below tracks the monthly unemployment rate since 2014. Discuss: That $300 unemployment payment is already ending in some states. Be respectful, keep it civil and stay on topic.

Employers were having trouble finding enough workers to keep operating at full capacity. U.S. Bureau of Labor Statistics. Those states that already received and sent out Lost Wages Assistance (LWA) to unemployment recipients have reached their six weeks, meaning the bonus checks will come to an end soon.

This is higher than the long term average of 6.29%. High unemployment levels lasted for years. With states providing between $235 and $1,220 per week in assistance, the additional $600 per week has been a major component of many people's financial lifeline. It's improved since April's low of 60.2% but is lower than the rate of 63.2% in August 2019. It also includes those who are underemployed and marginally attached. And the failure of the GOP's "skinny" stimulus bill means there's currently no additional funding for unemployment benefits until the end of 2020. Those are people who have been searching for jobs for 27 weeks or more. Alternative Measures of Labor Underutilization." When a recession is over, companies resist hiring new workers until they are sure the economy will stay strong. What's going on? Source: Bureau of Labor Statistics The number of unemployed people who were jobless less than five weeks was 2.28 million in August. We delete comments that violate our policy, which we encourage you to read. You can put this most recent report into perspective by viewing the unemployment rates since 1929.

Pay more attention to long-term trends, which appear over several months.

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