By: Follow South Jersey Staff
SOUTH JERSEY – The state Extended Benefits (EB) program, which provides up to 13 additional weeks of unemployment insurance payments during periods of high unemployment, will end on April 9 for approximately 20,000 New Jersey claimants.
Extended unemployment benefits are additional weeks of payments provided to eligible claimants who remain unemployed after exhausting regular unemployment benefits. The state’s ability to provide these additional benefits is based on the unemployment rate, according to federal law.
New Jersey triggered onto Extended Benefits in July 2020 as the state’s unemployment rate increased due to the pandemic. However, over the past three months, the state’s average unemployment rate has fallen below the 6.5 percent threshold required by law to provide EB. As a result, these additional payments are now set to expire regardless of whether a balance remains on any EB claim.
New Jersey has distributed $1.3 billion in Extended Benefits as the pandemic rocked the economy. New Jersey has now recovered 90 percent of the jobs lost in March and April 2020, according to the most recent report from the U.S. Bureau of Labor Statistics. The state’s unemployment rate fell a half a percentage point in February, to 4.6 percent.
For more information on the resources available to individuals moving forward in their careers, visit www.careerservices.nj.gov.
- SCC Nursing Program Earns Reaccreditation
- ‘Partnership For Student Success’ Initiative Wants Volunteers To Provide Learning And Mental Health Supports For Students
- We Must Take Charge To Reduce The Health Risks Of Climate Change
Follow South Jersey provides local journalism which highlights our diverse communities; fosters transparency through robust, localized, and vital reporting that holds leaders and institutions accountable; addresses critical information needs; supports people in navigating civic life; and equips people with the information necessary to partake in effective community engagement. If there is a story or event you think we should cover, please send your tips to email@example.com with “NEWS” in the subject line.