New Economic Stimulus Package on the Unemployed

Economic Stimulus Update Amist January Jobs Report

Scroll down to read more!

Economic Stimulus Update Amist January Jobs Report

Scroll down to read more!
New Economic Stimulus Package on the Unemployed

Table of Contents

January’s jobs report was just released this morning with 598,000 job lost and unemployment at 7.6%. Most consider the silver lining to be the progress regarding the new economic stimulus package. For the unemployed or recently unemployed, here are the details on how it will affect your unemployment and benefits:

Economic Stimulus Update Amist January Jobs Report

  • Weekly Unemployment. This stands to increase by roughly $25 per week federally. Some states are pushing to supplement and increase their own unemployment benefits separately as well in the form of a state separate stimulus package.
  • Extended Unemployment Benefits. Unemployment typically lasts 26 weeks. The proposal seeks to extend the ability for individuals to receive an additional 20 weeks of unemployment for those who file until Dec. 31, 2009 instead of the original March 31, 2009. The extended unemployment benefits are available to those that reside in states with unemployment percentages greater than 6% which includes 34 states as of Dec. 2008.
  • Access to Subsidized Health Insurance. The average cost of COBRA is $1,000 per month. The bill would allow subsidized premiums of 65% for a year. The benefit would apply to those who lose their jobs between September 2008 and the end of 2009. Those who income is 200% the federal poverty guidelines could be eligible for Medicaid. The benefit, paid for by the federal government, would apply to those who lose their jobs between September 2008 and the end of 2010. Interested in what the Federal poverty lines are? Click Here.

Want to know more. Visit www.cnnmoney.com for the entire article and more information.

Did you like this post? Share it!

A Word From Our Sponsors

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

Recommended Posts

The Benefits of a Healthy Workplace: Measuring Success

The Benefits of a Healthy Workplace: Measuring Success

Discover the keys to measuring workplace wellness and unlock strategies for a productive work environment in our comprehensive guide....
Workology’s Learning Portal Gets a Major Upgrade

Workology’s Learning Portal Gets a Major Upgrade

After months of building and testing, our new learning portal is ready! Ace the HR Exam students now have access to more resources than...
SPHRi vs GPHR: Choosing the Right HR Certification for You

SPHRi vs GPHR: Choosing the Right HR Certification for You

Picture this: you’re at a crossroads in your human resources career, standing between two significant certifications – the SPHRi and GPHR. Which way do...

The Costs of Form I-9 Software

In the intricate landscape of U.S. employment eligibility verification, businesses face the challenge of remaining vigilant and compliant. As their workforce expands, the manual...

Checkout Our Products

Ads help make Workology resources free for everyone. We respect your privacy. To see our Privacy Policy click here.

More From Workology

The Costs of Form I-9 Software

Click on read more to open this post on our blog.
SPHRi vs GPHR: Choosing the Right HR Certification for You

SPHRi vs GPHR: Choosing the Right HR Certification for You

Click on read more to open this post on our blog.
Workology’s Learning Portal Gets a Major Upgrade

Workology’s Learning Portal Gets a Major Upgrade

After months of building and testing, our new learning portal is ready! Ace the HR Exam students now have access to more resources than ever.
The Benefits of a Healthy Workplace: Measuring Success

The Benefits of a Healthy Workplace: Measuring Success

Discover the keys to measuring workplace wellness and unlock strategies for a productive work environment in our comprehensive guide.