More than 30 states have been approved by the Federal Emergency Management Agency to start distributing an extra $300 a week in weekly unemployment benefits.
But here’s one major setback to that $300 in extra help: The add-on benefit is set to expire at the end of December, but funds are likely to dry up in a matter of weeks, absent of any legislative action. Before the $600 enhanced unemployment benefit expired, the federal government distributed an average of $16.6 billion a week, according to data the Department of Labor provided to The Wall Street Journal.
Only three states — Arizona, Louisiana and Texas — have started to distribute the add-on benefit, as of Thursday. All three states voted for Trump in 2016, and Arizona is viewed as a key swing state in this year’s presidential election. Collectively, the three states have distributed more than $740 million in unemployment benefits as of Thursday, according to data provided to MarketWatch.
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Source: YahooNews - 🏆 380. / 59 Read more »
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