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Unemployment Benefits Would Be Retroactive

Here’s some good news for the long-term unemployed poised to exhaust their jobless benefits in the midst of Sen. Jim Bunning’s (R-Ky.) one-man stand against a

Jul 31, 2020
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Here’s some good news for the long-term unemployedpoised to exhaust their jobless benefits in the midst of Sen. Jim Bunning’s (R-Ky.) one-man standagainst a temporary filing extension: the Senate’s long-term extension to file for UI benefits, expected to pass the upper chamber this week or next, would provide additional funding — including an extra $25 per week — retroactively beginning March 1, regardless of when the bill should become law. (The National Employment Law Project estimates todaythat the provision would benefit 200,000 workers set to exhaust their benefits this week alone.)
That marks a break from the UI extension Congress enactedin November, which didn’t provide retroactive benefits at all.
Update: To clarify, the Democrats’ proposals would , but would only extend the filing deadline for existing benefits, which came and went Feb. 28.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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