Thursday, July 29
Shadow

Construction Home Loans

Unemployment Benefits Explained: Terms, Definitions and More

Construction Home Loans
PEUC: Pandemic Emergency Unemployment Compensation extends the length of Unemployment Insurance aid for a maximum of 24 weeks. The first stimulus deal extended UI benefits for 13 weeks, and the second stimulus package added an additional 11 weeks. New applicants (after Dec. 27, 2020) are only eligible for the 11-week extension. This program does not extend Pandemic Unemployment Assistance. Here’s a primer on seven key terms that you’re sure to come across as you apply for benefits. The overwhelming majority of people relying on unemployment benefits are receiving aid from two key programs. According to figures from the Department of Labor, more than 13 million people are collecting Unemployment Insurance and Pandemic Unemployment Assistance benefits. Take, for example, this update to a...