Everything we know about unemployment benefits during the coronavirus pandemic
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- More than 30 million Americans are seeking unemployment benefits during the coronavirus pandemic.
- Under the CARES Act, the government expanded the scope of unemployment insurance to pay more money for a longer period of time.
- The amount and length of pay varies by state, but the CARES Act added an additional 13 weeks to every state's maximum pay period.
- As long as you are eligible to receive benefits, you can get an additional $600 a week on top of your regular benefits until July 31.
- To apply for unemployment insurance, visit your state's website.
- Read more personal finance coverage.
More than 30 million Americans filed for unemployment insurance in March and April as a result of the coronavirus pandemic.
Restaurants, bars, nail salons, and scores of other nonessential businesses were ordered to close their doors to curb the spread of the pathogen. It sparked a wave of mass layoffs that erased a decade of record job creation after the Great Recession.See the rest of the story at Business Insider
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See Also:
- WEBINAR: Business Insider reporters hosted a Q&A about unemployment benefits. Watch the video here.
- Our student loan payments are on hold, so we're keeping that cash where it can earn interest until we have to make payments again
- A Roth IRA is a tax-advantaged way to save for retirement that most working people can use