Enhanced unemployment would continue at $400 per week under new Trump executive order

The federal benefit is intended to replace the previous provision that gave out-of-work Americans an extra $600 per week in benefits, on top of state-administered pay, whichUnder the new order, the federal government would cover $300 in enhanced aid per person per week, and states would be responsible for the remaining $100.

Lawmakers, economists and unemployment experts have responded to the memorandum saying the new "lost wages assistance" program would be difficult to implement in a timely manner, and that it excludes some of the lowest-paid workers in need of jobless aid. The order could also face a legal challenge over whether the president has the authority to enact the program.

Under the March CARES Act, anyone receiving unemployment benefits was eligible to get the $600 weekly boost. In the new order, however, recipients must be receiving at least $100 in unemployment aid in order to qualify for the extra $400 federal boost. This could leave out the lowest earners, particularly those who rely on tips or part-time work., labor economist and assistant professor at University of Illinois, Urbana-Champaign, estimates about 6% of regular unemployment recipients earn less than $100 in state benefits.

Furthermore, states set their own minimum unemployment benefit to workers with low earnings histories. In Hawaii, the minimum unemployment benefit is just

MakeIt You guys can’t do math or write headlines. What’s enhanced about replacing $600 with $400?

MakeIt I have watched your program through high school and college. What’s happening with you providing a partial story to the public.

MakeIt States would pick up 25%of the UP TO $400 in add bene. And state must agree to enter into this financial agreement with the federal government for any unemployed person living there to get any of the additional benefits.

MakeIt Gold shortages are here. At $2000+ gold, companies like Sandstorm will make so much $$$. Great interview. Hedge funds are courting Sandstorm! Already doubled. On to $30/share.

MakeIt CNBC TELL THE WHOLE STORY. YOU ARE GETTING VERY SLOPPY.

MakeIt Unlikely

MakeIt Only if the state you live in will foot $100!

MakeIt Except it won’t.

MakeIt 1 it’s unconstitutional 2 it’s 300$ from Fed govt(state has to pony up 100)3 its 1/3 less than present. You’re CNBC and don’t give a shit about working people.

MakeIt Not in CA, Newsom refuses to pay 25% share.

MakeIt How about a realistic analysis of this executive order?

MakeIt At least Trump did something - cheers!

MakeIt Enhanced? I think not.

MakeIt Terrible headline. Many States can't *afford* to put up the 25%. Those States have been asking for *help*, FFS.

MakeIt Nope states won't contribute

MakeIt Funded by rainbows and unicorn farts

MakeIt Except the state to pay the 1st 100, good luck with that

MakeIt You should probably stop pretending his executive order has the authority to do this.

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