A DETAILED GUIDE to MINIMUM & MAXIMUM Weekly Unemployment Benefit Amounts
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Part 2 of this video is here - https://www.youtube.com/watch?v=agLYB6-dTyw
In this video, Dr. Nitin Chhoda explores:
1. State Specific Variations Between Minimum and Maximum Benefit Amounts
2. The Concept of ‘Recipiency Rate’
3. The Range of State Unemployment Benefits (State Minimum and Maximum Weekly Unemployment Benefits (Minus the $600 Weekly CARES Act Federal Booster)
Unemployed Americans filing for unemployment insurance due to the pandemic will likely have drastically different experiences depending on where they live.
Some states are more generous and some less so when measured by factors such as the amount and duration of benefits.
Those applying for jobless benefits likely have two simple questions: How much money will I get, and for how long will I get it?
The answers depend on the state where you were employed.
The average person receives $378 a week in unemployment benefits, according to U.S. Labor Department data as of year-end 2019
Mississippi, the least generous state, paid an average $213 a week. Massachusetts, the most generous, paid $555. That means the typical jobless person in Massachusetts gets $1,368 more per month than in Mississippi. So, those same workers in Mississippi and Massachusetts can expect weekly payments of roughly $813 and $1,155 — increases of 282% and 108%, respectively, when compared with the prior status quo.
But average payments don’t provide the whole picture. States put floors and ceilings on weekly benefits.
We'll go over charts showing:
1. Minimum Weekly Unemployment Benefits
2. The ‘Recipiency Rate’
(just because you’re unemployed or lost your job doesn’t mean you’ll collect benefits)
3. The Range of State Unemployment Benefits - State Minimum and Maximum Weekly Unemployment Benefits (Minus the $600 Weekly CARES Act Federal Booster)
States set caps and minimum benefit amounts for weekly jobless aid. These are the lower and upper bounds that an unemployed worker can expect to get from the system.
4. Average Weekly Unemployment Benefits (with the $600 Booster)
5. Average Weekly Unemployment Benefits Without the Additional $600 Provided by the CARES Act, Scheduled to End in the Last Week of July Without Additional Legislation for Extension
Click LIKE / SUBSCRIBE / SHARE to get future updates and BREAKING, BALANCED NEWS to boost your financial knowledge.
✅ ✅ ✅ Related Videos ✅ ✅ ✅
Managing your Money Crash Course
https://www.youtube.com/playlist?list=PLVH26Cj7l0u4SUi0yjFAqhq9qUh4m86NJ
Millionaire Mindset Blueprint
https://www.youtube.com/playlist?list=PLVH26Cj7l0u7w9c7SUB-yvSSuDa00ox0k
Stimulus Proposals
https://www.youtube.com/playlist?list=PLVH26Cj7l0u48VMXQGWeMFhpStHOIdEWS
Stimulus Check Updates
https://www.youtube.com/playlist?list=PLVH26Cj7l0u4ZCGsEQjlC-SMXOOUIS6FR
Unemployment Benefits Crash Course
https://www.youtube.com/playlist?list=PLVH26Cj7l0u760ffkUSGNPOoeganAlWaK
Remote Work 101
https://www.youtube.com/playlist?list=PLVH26Cj7l0u6TalvIfZLd5HCvf8BeYEKE
Click LIKE / SUBSCRIBE / SHARE to get future updates and BREAKING, BALANCED NEWS to boost your financial knowledge.
BOOKMARK this channel in your browser - https://www.youtube.com/ignitiontime
✅ ✅ ✅ References ✅ ✅ ✅
https://www.cnbc.com/2020/06/30/this-is-what-unemployment-benefits-will-pay-without-extra-600-a-week.html
https://www.ziprecruiter.com/blog/unemployment-benefits-by-state/
https://www.savingtoinvest.com/maximum-weekly-unemployment-benefits-by-state/
https://www.cnbc.com/2020/04/09/how-much-unemployment-will-i-get-that-depends-on-your-state.html
How to get in touch with your state unemployment agency
https://www.dol.gov/general/topic/unemployment-insurance
https://www.careeronestop.org/LocalHelp/UnemploymentBenefits/unemployment-benefits.aspx
LEAVE COMMENTS BELOW & PARTICIPATE IN OUR COMMUNITY! Click LIKE / SUBSCRIBE / SHARE so you get updates and breaking news alerts right away!
⚠️ ⚠️ ⚠️ ⚠️ LEGAL DISCLAIMER ⚠️ ⚠️ ⚠️ ⚠️
✅ The information on all videos of this channel is for entertainment purposes only and cannot be considered legal or professional advice.
⭕ None of the content in these videos can be considered tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other.
⭕ Neither the speaker nor his associates are accountants, attorneys, insurance brokers, independent contractors, money lenders or financial advisers.
⭕ It is the individual responsibility of every person to consult with qualified professionals including but not limited to a qualified CPA, attorney, insurance agent or financial adviser prior to making any and all decisions.
Видео A DETAILED GUIDE to MINIMUM & MAXIMUM Weekly Unemployment Benefit Amounts канала Dr. Nitin Chhoda - Ignition Time
TEXT IGNITION TO 70000
or
TEXT TIME TO 70000
FOLLOW INSTRUCTIONS VIA TEXT, ACCEPT OUR DISCLAIMER & RECONFIRM YOUR EMAIL to get breaking news alerts that are fair and balanced. Opt out at any time.
Part 2 of this video is here - https://www.youtube.com/watch?v=agLYB6-dTyw
In this video, Dr. Nitin Chhoda explores:
1. State Specific Variations Between Minimum and Maximum Benefit Amounts
2. The Concept of ‘Recipiency Rate’
3. The Range of State Unemployment Benefits (State Minimum and Maximum Weekly Unemployment Benefits (Minus the $600 Weekly CARES Act Federal Booster)
Unemployed Americans filing for unemployment insurance due to the pandemic will likely have drastically different experiences depending on where they live.
Some states are more generous and some less so when measured by factors such as the amount and duration of benefits.
Those applying for jobless benefits likely have two simple questions: How much money will I get, and for how long will I get it?
The answers depend on the state where you were employed.
The average person receives $378 a week in unemployment benefits, according to U.S. Labor Department data as of year-end 2019
Mississippi, the least generous state, paid an average $213 a week. Massachusetts, the most generous, paid $555. That means the typical jobless person in Massachusetts gets $1,368 more per month than in Mississippi. So, those same workers in Mississippi and Massachusetts can expect weekly payments of roughly $813 and $1,155 — increases of 282% and 108%, respectively, when compared with the prior status quo.
But average payments don’t provide the whole picture. States put floors and ceilings on weekly benefits.
We'll go over charts showing:
1. Minimum Weekly Unemployment Benefits
2. The ‘Recipiency Rate’
(just because you’re unemployed or lost your job doesn’t mean you’ll collect benefits)
3. The Range of State Unemployment Benefits - State Minimum and Maximum Weekly Unemployment Benefits (Minus the $600 Weekly CARES Act Federal Booster)
States set caps and minimum benefit amounts for weekly jobless aid. These are the lower and upper bounds that an unemployed worker can expect to get from the system.
4. Average Weekly Unemployment Benefits (with the $600 Booster)
5. Average Weekly Unemployment Benefits Without the Additional $600 Provided by the CARES Act, Scheduled to End in the Last Week of July Without Additional Legislation for Extension
Click LIKE / SUBSCRIBE / SHARE to get future updates and BREAKING, BALANCED NEWS to boost your financial knowledge.
✅ ✅ ✅ Related Videos ✅ ✅ ✅
Managing your Money Crash Course
https://www.youtube.com/playlist?list=PLVH26Cj7l0u4SUi0yjFAqhq9qUh4m86NJ
Millionaire Mindset Blueprint
https://www.youtube.com/playlist?list=PLVH26Cj7l0u7w9c7SUB-yvSSuDa00ox0k
Stimulus Proposals
https://www.youtube.com/playlist?list=PLVH26Cj7l0u48VMXQGWeMFhpStHOIdEWS
Stimulus Check Updates
https://www.youtube.com/playlist?list=PLVH26Cj7l0u4ZCGsEQjlC-SMXOOUIS6FR
Unemployment Benefits Crash Course
https://www.youtube.com/playlist?list=PLVH26Cj7l0u760ffkUSGNPOoeganAlWaK
Remote Work 101
https://www.youtube.com/playlist?list=PLVH26Cj7l0u6TalvIfZLd5HCvf8BeYEKE
Click LIKE / SUBSCRIBE / SHARE to get future updates and BREAKING, BALANCED NEWS to boost your financial knowledge.
BOOKMARK this channel in your browser - https://www.youtube.com/ignitiontime
✅ ✅ ✅ References ✅ ✅ ✅
https://www.cnbc.com/2020/06/30/this-is-what-unemployment-benefits-will-pay-without-extra-600-a-week.html
https://www.ziprecruiter.com/blog/unemployment-benefits-by-state/
https://www.savingtoinvest.com/maximum-weekly-unemployment-benefits-by-state/
https://www.cnbc.com/2020/04/09/how-much-unemployment-will-i-get-that-depends-on-your-state.html
How to get in touch with your state unemployment agency
https://www.dol.gov/general/topic/unemployment-insurance
https://www.careeronestop.org/LocalHelp/UnemploymentBenefits/unemployment-benefits.aspx
LEAVE COMMENTS BELOW & PARTICIPATE IN OUR COMMUNITY! Click LIKE / SUBSCRIBE / SHARE so you get updates and breaking news alerts right away!
⚠️ ⚠️ ⚠️ ⚠️ LEGAL DISCLAIMER ⚠️ ⚠️ ⚠️ ⚠️
✅ The information on all videos of this channel is for entertainment purposes only and cannot be considered legal or professional advice.
⭕ None of the content in these videos can be considered tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other.
⭕ Neither the speaker nor his associates are accountants, attorneys, insurance brokers, independent contractors, money lenders or financial advisers.
⭕ It is the individual responsibility of every person to consult with qualified professionals including but not limited to a qualified CPA, attorney, insurance agent or financial adviser prior to making any and all decisions.
Видео A DETAILED GUIDE to MINIMUM & MAXIMUM Weekly Unemployment Benefit Amounts канала Dr. Nitin Chhoda - Ignition Time
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25 июля 2020 г. 23:00:04
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