Friday, 07 August, 2020

Maryland extends unemployment benefits by 13 weeks

A closed sign hangs on a gated corridor in New York City. Thursday's report said the unemployment rate in the United States is 11.6%. File Another 1.4 million U.S. workers file for unemployment
Cecil Davis | 02 August, 2020, 06:40

The department said 1,434,000 new claims were filed at the end of last week, an increase of 12,000 filings. A Yahoo Finance review of jobless claims data from the U.S. Department of Labor shows that Alaska, Oklahoma, Georgia, Mississippi and California have seen the weakest signs of return to normal and a bottoming out in job losses.

Meanwhile, Congress continues to debate another round of economic stimulus, with Republicans and Democrats differing on whether to extend $600 a week in federal unemployment benefits.

The $600 benefit expired the week ending July 25.

According to the newest report from the Massachusetts Executive Office of Labor and Workforce Development, new unemployment claims rose while continued claims declined last week when compared to the previous week. In the same week, 423,452 Ohioans filed continuous unemployment claims, which is 352,850 claims fewer than this year's peak.

The coronavirus caused the US economy to shrink 32.9 percent in the quarter from April through June, a record for a single quarter, according to a report released Thursday. The Republican proposal introduced this week would trim that extra payment to $200 and cap unemployment benefits to 70% of an individual's pre-coronavirus earnings.

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Unemployment was highest for the week ending July 11 in Puerto Rico, Nevada, Hawaii, Louisiana and NY.

Florida reported 87,062 new claims this week, for a total of 1.81 million since the pandemic began.

Extensions would only apply to approved beneficiaries who've already completed their 26 weeks of regular unemployment benefits and 13 weeks of Pandemic Emergency Unemployment Compensation (PEUC).

The theft of more than $44 million in federal funds meant for unemployed Pennsylvanians was thwarted by government agencies and banking institutions, the U.S. Attorney's office of the Eastern District of Pennsylvania announced on Tuesday.

That includes about 8,813 Utahns who are self-employed or independent contractors who have been made eligible for benefits during the pandemic, DWS said.