Coronavirus unemployment: Everything you need to know about payments, applying and more
Are you out of work because of COVID-19? Here's a breakdown on how to qualify for -- and receive -- the new unemployment benefits.
If you've never lost a job or been furloughed, the coronavirus outbreak might have changed that for you.
More than 30 million people have reportedly filed for unemployment in the last six weeks. A survey from the Economic Policy Institute estimates that figure is far lower than the true number of Americans out of work: Nearly 14 million additional people could have filed if unemployment processes were easier.
President Trump signed in March is changing who qualifies for unemployment and for how much. Here's a breakdown of what to expect.
What is unemployment insurance?
When you get laid off from your job, you can file for unemployment insurance. Every state's requirements and benefits are different. For instance, I live in Florida, where qualifying residents can claim up to 12 weeks of unemployment benefits at up to $275 a week. See what it's like where you live.
Before the stimulus package passed, unemployment benefits were meant to temporarily help cover your needs -- like housing costs, food and utility bills -- until you can find new work. If you're self-employed and lost clients or business due to the coronavirus pandemic, you would've otherwise not qualified for regular unemployment insurance.
Who does the new stimulus package cover?
Aside from full-time workers, you're eligible to receive benefits as a part-time or self-employed worker, as well as if you're already unemployed or can't work because of COVID-19. Others who are included:
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