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What laid-off workers need to know when applying for unemployment benefits - TL;DR CNBC

What laid-off workers need to know when applying for unemployment benefits

Publishing timestamp: 2023-02-13 11:59:25


Summary

Unemployment insurance, established in 1935, helps many workers who have lost their job replace a share of their former paychecks. To qualify for unemployment benefits, you have to have been laid off through no fault of your own. It is possible to qualify for unemployment benefits even if you quit in some cases. Benefits are subject to federal and state taxes, and the average weekly benefit is around $385. It is possible to qualify for unemployment benefits again after a follow-up job loss. Severance packages may have an impact on unemployment benefits depending on the state.


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Source: https://www.cnbc.com/2023/02/13/what-laid-off-workers-need-to-know-about-applying-for-unemployment.html


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