NEW UPDATE Unemployment Extension $400 Weekly FPUC PUA & Unemployment Benefits Stimulus

Here’s your unemployment update for Saturday, April 24th, 2021

Since last March, the amount of income from unemployment benefits began to spike, making up a greater percentage of personal income than in the past 50 years.

According to Business Insider, “unemployment insurance as a share of personal income peaked at 7.0% in June 2020.”

The peak came right before an additional $600 in federal weekly benefits expired at the end of July.

Those additional benefits helped prop up the economy as it was hit as savings increased in April and spending spiked in May.

The economic boost from stimulus checks and those enhanced UI benefits may have kept 12 million people out of poverty.

Meanwhile, states are still struggling to address lagging unemployment systems that left thousands of Americans without easily accessible benefits, though more than a year has passed.

In Hawaii, Gov. David Ige this week approved $10 million to modernize his state’s unemployment system by Dec. 2022 at the earliest.