How do you compare $ 300 to $ 400 unemployment?

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Congress is about to increase weekly compensation for unemployed workers by $ 300 a week.

The U.S. bailout plan, adopted by the Senate on Saturday, offers a $ 300-a-week increase in unemployment benefits. The supplement lasts until September 6th.

The House is voting this week on the Covid relief bill.

But the House had earlier passed on a version of the aid package that offered a larger weekly supplement of $ 400. Democrats have reached a compromise to supplement Senate Joe Manchin, DW.V.

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“My top priority during these negotiations is to ensure the strongest possible agreement for unemployed workers that the Senate can succeed. This agreement achieves that,” said Ron Wyden, chairman of Senate Finance, D-Ore. said Friday.

President Joe Biden is expected to sign the $ 1.9 billion emergency relief company this week before the March 14 temporary unemployment programs expire.

$ 300 versus $ 400 per week

According to a OilGasJobz analysis, an extra $ 300 a week will hamper the replacement rate to 74%.

A weekly increase of $ 400 would have pushed it higher, to 85%.

By comparison, the $ 600-a-week improvement offered by the CARES law last year replaced 100% of lost wages for the average unemployed worker.

State differences

The $ 300 supplement will extend further in some countries, especially those that tend to provide more scarce benefits.

In Mississippi, for example, the average worker received $ 190 weekly benefits in January, according to the U.S. Department of Labor, the least among all states. More than $ 300 a week will more than double their current grant.

Massachusetts, on the other hand, paid $ 521 a week to the average person, the largest amount among the states in January. A $ 300 improvement in Massachusetts offers a larger total payout ($ 851 per week) compared to the Mississippi worker, but the initial assistance will be doubled.

According to the Department of Labor, more than 18 million Americans collected unemployment benefits by mid-February.

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