Unemployment Benefits in Texas. The number of applications for unemployment benefits filed in the United States from March 15 to April 4, 2020, exceeded 16.7 million. This is evidenced by the Ministry of Labor published on Thursday.
In March, unemployment in the United States, with a population of 327 million, rose to 4.4%.
US President Donald Trump signed the March 27th law on stimulating the economy in the amount of more than $ 2 trillion.
They are aimed at overcoming the consequences of the spread of the coronavirus and provide for the payment of unemployment benefits, assistance to hospitals, business support, and the whole industry. In addition, US citizens will be able to receive lump-sum payments of about $ 1.2 thousand per person.
Analysts interviewed by Trading Economics expected a decrease in the number of applications last week to 5.25 million, MarketWatch experts – to 6 million, Financial Times – to 5.5 million, The Wall Street Journal – to 5 million.
Twelve months before mid-March, the total number of applications filed was only 11.5 million.
It is highly likely that this trend will continue since a significant part of the economy remains closed, and months, if not years, will pass before the full restoration of business activity to normal levels.
- Unemployment Benefits in Texas
- What is unemployment insurance?
- Are benefits the same for everybody?
- How do I file for unemployment?
- What’s the deal with expanded benefits?
- Tell me more about expanded payments
- What’s the minimum amount I can get?
- Who’s eligible for benefits?
- How do I find out if I am eligible for benefits? What should I do?
- I can’t get through online or by phone. What should I do?
Unemployment Benefits in Texas
“The harsh reality is that initial unemployment insurance claims are unlikely to decline in the coming weeks,” Moody’s analysts said.
“The greatest direct impact of job losses is on lower incomes and, consequently, lower costs,” said Jacob Robbins, associate professor of economics at the University of Illinois.
At the same time, a number of states are still collecting applications. Many laid-off Americans could not apply for benefits, because in some states state structures are overloaded, and departmental sites do not work due to the influx of requests.
California leads the state in the number of applications filed – over 2.5 million over the past three weeks. Also high rates in Georgia, Michigan and New York.
The number of Americans continuing to receive unemployment benefits for the week ending March 28 jumped to 7.455 million, compared with 3.059 million the previous week. This is a record high.
Unemployment in the US in March jumped to 4.4%, the highest in more than 2.5 years. Recent data on the number of applications indicate that in April unemployment will jump above 10%, analysts say.
What is unemployment insurance?
Unemployment insurance is a form of “social insurance” that provides temporary income support to Americans who lose their jobs. Cash benefits are generally paid weekly to recipients.
Are benefits the same for everybody?
No. Payment amounts depend on a worker’s prior wages, typically over the last four quarters. They also vary significantly between states, which administer unemployment benefits and use different formulas to calculate aid.
How do I file for unemployment?
Contact your state’s unemployment office as soon as possible after becoming unemployed.
You should generally file your claim with the state where you worked. You can find details of each state program and how to file in your state using the U.S. Labor Department’s Unemployment Benefits Finder.
Claims can be filed by phone, online or in-person, though many brick-and-mortar offices are closed.
Some states have amended their filing procedures by urging people to apply during off-hours and those with certain last names to apply on specific days of the week, for example.
What’s the deal with expanded benefits?
The $2 trillion economic relief package — the CARES Act, which President Trump signed March 27 — significantly expanded unemployment benefits.
It did so in three primary ways: by offering bigger weekly checks, increasing the duration of those payments, and extending benefits to previously ineligible groups, like freelancers and gig workers. How get Unemployment Benefits in Texas
Tell me more about expanded payments
How get Unemployment Benefits in Texas? The average jobless American received about $378 a week in unemployment benefits before the economic downturn, according to U.S. Labor Department data from year-end 2019.
Most states pay those benefits for up to 26 weeks — or 6½ months.
What’s the minimum amount I can get?
Again, this varies by state. But the new law raises the minimum payment significantly.
The law sets a minimum of half the state’s average weekly payment. When added to the $600-a-week supplement, the nationwide average would be about $789 a week.
In Massachusetts, the most generous state, an unemployed person can expect to collect at least $878 a week. Mississippi would offer the lowest benefit among other states — $707 a week, which is still an increase of more than 2,200% from its prior minimum of $30.
Who’s eligible for benefits?
The CARES Act extends benefits to groups of workers who were generally ineligible to collect under prior law, if they can’t work as a result of the coronavirus pandemic.
They include self-employed individuals, independent contractors, “gig economy” workers like Uber and Lyft drivers, and those with limited work history.
How do I find out if I am eligible for benefits? What should I do?
How get Unemployment Benefits in Texas? Officials are generally telling people to apply for benefits if they think they’re eligible.
States are currently updating their programs to respond to the recent changes in federal law. If you don’t see updated information yet on the state website, you should still apply, the Labor Department urges. If you’ve already applied, you should get your full benefits or be notified if your state needs more information, the Department said.
I can’t get through online or by phone. What should I do?
Unfortunately, this is the case for people in many states, which are dealing with record and unprecedented volume.
Frustrating though it may be, officials are urging applicants to be patient and keep trying.