Extend $600 per Week Unemployment Benefits?
Unemployment benefits are typically paid at the state level. However, when the CARES Act passed in late March, additional federal funding was provided to supplement these state-level benefits with a weekly $600 federal pandemic unemployment compensation. Meaning, individuals who went on unemployment after March 27th would receive $600 each week in addition to normal unemployment benefits.
The additional benefits were aimed at mitigating the financial hardship of layoffs and worker furloughs related to COVID-19 shutdowns. The program is scheduled to end this month. Some say it should be extended, while...