And the duration depends on how many people receive payouts and when. The supplemental unemployment insurance payouts will only be available for a limited time. The White House has since backed off the requirements that states had to kick in an additional $100. So it's unlikely they would have the funds during a recession that has seen local tax revenues plunge. "So it's a little iffy whether the feds can tell the states to give the $100."īy law, most states have to balance their budgets anyway. "The current one is $300 from the federal government and $100 from the states," says David Sherwyn, professor of hospitality human resources and a professor of law at Cornell University's School of Hotel Administration. (Those whose initial unemployment benefit is less than $100 are ineligible to receive the additional aid.) That's because of the way the program has been set up. While the additional benefit promised was $400, most of those who qualify will receive an extra$300. How Much Is The Additional Unemployment Aid? However, there is more information on the LWA program and what people can expect. And the coronavirus pandemic, with over 180,000 deaths and close to six million confirmed cases to date, remains in the way of any real recovery. The economy, after dropping off a cliff in the second quarter, remains sluggish. New unemployment claims exceeded one million last week. The end of August is now approaching, and the unemployment rate remains historically high, 10.2 percent for July. Congress is locked in a standoff on a second round of stimulus. Those payments counteracted the economic effects of the coronavirus pandemic. That legislation included $600 in weekly unemployment insurance payments from the federal government on top of whatever individual states provided. LWA was part of a series of executive orders meant to follow the first round of stimulus, known as the CARES Act.
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