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URL:  https://boards.fool.com/continued-jobless-claims-counting-workers-who-34626382.aspx

Subject:  Re: Unemployment number Date:  9/24/2020  3:20 PM
Author:  steve203 Number:  601121 of 619388

Continued jobless claims — counting workers who have filed for benefits for at least two consecutive weeks — stood at 12.6 million on a seasonally adjusted basis, down a bit from the prior week.

The haggis hit the fan last March, six months ago. How long do state unemployment benefits last? Six months? So,around September, people start exhausting their benefits, so no longer are counted as "continuing claims"?


Policy Basics: How Many Weeks of Unemployment Compensation Are Available?

Workers in most states are eligible for up to 26 weeks of benefits from the regular state-funded unemployment compensation program, although six states provide fewer weeks and one provides more. Extended Benefits (EB) have triggered on in 46 states plus the District of Columbia, Puerto Rico, and the Virgin Islands. Through the end of 2020, additional weeks of federal benefits are also available.

Under the CARES Act responding to the COVID-19 pandemic, all states provide 13 additional weeks of federally funded Pandemic Emergency Unemployment Assistance (PEUC) benefits to people who exhaust their regular state benefits, followed by additional weeks of federally funded EB in states with high unemployment (up to 13 or 20 weeks depending on state laws)


https://www.cbpp.org/research/economy/policy-basics-how-many...

Steve
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