Several state unemployment trust funds are running dry, and states are facing big budget shortfalls, but the cash crunch won't affect those applying for or receiving benefits. They'll get their weekly checks regardless of their state's financial situation.
Though several state unemployment trust funds are running dry and states are facing big budget shortfalls, the cash crunch won't affect those applying for or receiving benefits -- they'll get their weekly checks regardless of their state's financial situation. A record 20.5 million people lost their jobs in April amid the nation's self-imposed shutdown, which is only starting to lift now in certain places.
But they aren't on the hook for the historic expansion of the program that Congress passed in late March. The federal government is picking up the tab for the temporary $600 boost in weekly payments, the additional 13 weeks of benefits and the short-term expansion of eligibility to certain people affected by the coronavirus and to gig workers, the self-employed and independent contractors. The upgrade is projected to cost about $250 billion.
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