Unemployment has seen a massive spike with Covid-19, but efforts at relief are making it slightly less painful. If you have lost your job, then read on.
The CARES Act provides businesses with an incentive to retain employees through the PPP (Paycheck Protection Program).
Additionally, Unemployment Insurance is now said to be on steroids. For the purpose of keeping money in the pockets of Americans, the feds are stepping in.
Those employees who qualify for unemployment will also qualify for Federal Pandemic Unemployment Compensation through the CARES act. Furthermore, the qualifications for unemployment have been expanded to include more people. A weekly $600 federal payment on top of state unemployment will be available though July. Coupled with the state unemployment, this should help cushion workers. NBC News published an article addresses many questions surrounding this.
If you have been laid off, even part time, there are options for filing for unemployment. In any case, you may find it helpful to view the Employment Security Department’s website for more details on:
Given that there are bound to be more questions, the chamber will continue to post updates. Continue to check our blogs and weekly newsletter.