Five Months In!
From the Press of Atlantic City:
The number of new unemployment claims in New Jersey declined for the second straight week, the state said Thursday, as the $600 federal weekly supplement entered its final week.
The total number of claims filed in New Jersey now tops 1.4 million, the state Department of Labor and Workforce Development said.
The $600 federal subsidy that has been added to unemployment payments ends with this week’s payments but will be made on eligible claims for the weeks ending April 4 through July 25 for those claims approved at a later date, according to the department.
There are proposals to extend the federal subsidy, but the two major parties differ on the best approach. Democrats would extend the $600 through January 2021. Republicans want to provide lower benefits because many workers make more on unemployment than they would if they returned to work.
The state has distributed more than $7 billion in $600 weekly federal Pandemic Unemployment Compensation to 1.1 million claimants since the program began the week of April 4, it reported.