There are 8 states who have been approved for the $300 extra weekly payout in unemployment insurance. In this video, we review the latest news including what 8 states have been approved so far.
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42 states aren’t yet approved for the extra $300 a week in unemployment insurance
Workers in a handful of states who lost the extra $600 per week in enhanced unemployment benefits may soon see their payments increase again as states are approved for the new $300 federal unemployment boost created by President Donald Trump’s memorandum.
The Federal Emergency Management Agency (FEMA) has approved eight states for grant funding to provide the enhanced unemployment benefit as of August 18, including:
Arizona
Colorado
Iowa
Louisiana
Missouri
New Mexico
Oklahoma
Utah
Of those eight, Arizona has started making payments. A few other states, including Michigan and New Hampshire, have applied. South Dakota is not applying for the benefit.
Trump’s order created a “lost wages assistance” program that will use $44 billion in funding from FEMA to provide eligible workers with the enhanced $300 federal benefit. States have the option to contribute an additional $100. That means those collecting jobless benefits are guaranteed to half of the previous enhanced benefit of $600 per week, which expired at the end of July.
Workers will have to receive at least $100 per week in state jobless benefits to receive the enhanced aid under Trump’s order, leaving out the lowest income workers.
The aid could start being paid by the end of August, though the timing will depend on how long it takes states to reprogram their systems to administer the funds. However, the $44 billion could also run out within three weeks, according to FEMA.
Under President Donald Trump’s executive order, states must apply to and be approved by FEMA to receive the supplemental funds. FEMA is updating its website as states receive funding. CNBC Make It will continue to update this post as more states are approved.
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