Unemployment benefits are government funded benefits that are paid out to those that have lost their jobs through no fault of their own. During economic downturns, like the recession we just...
Unemployment benefits are government funded benefits that are paid out to those that have lost their jobs through no fault of their own. During economic downturns, like the recession we just experienced, even extended benefits may not cover the time period a person is out of work. What is available for someone that has run out of benefits and has still not found a job? Are there government funded programs that provide assistance in this situation?
In 2013 Congress approved an extension to unemployment benefits that can last up to another year, and which will end in Dec. 2013. Every year regulations on unemployment change, and these regulations are also dependent on how your state operates. Other determining factors include:
- the percentage of unemployment in general
- the tier under which your case will fall to determine eligibility
- the economy (which will alter the percentage of unemployment)
- your state government regulations.
The two known programs are a) the extended benefits compensation and b) EUC- emergency unemployment compensation.
The extended benefits are only allotted if your state's rate of unemployment increases during a big recession. As of 2012, some states quit allowing extended benefits because their state economy data showed that they were no longer in a state of financial instability and jobs were being created.
The EUC, however, will determine your case and place you under a specific tier depending on your situation. There it will be determined how much longer you would qualify to get more unemployment benefits. EUC will end on December of 2013 as determined by Congress but it will more than likely be revisited in 2014.