As crypto crashes and tech layoffs make the news, the specter of unemployment may be haunting Americans again, although the unemployment rate has remained at 3.6% for the past few months, its lowest point since the start of the COVID-19 pandemic.
Despite that low percentage number, however, for the week ending June 25, there were 231,000 weekly new unemployment claims and 1,328,000 continued claims, or repeated claims for unemployment benefits after an initial claim. That’s a lot of people.
Today’s rising gas and grocery prices and more expensive debt due to higher interest rates make losing a job extra painful, so it’s good to know what to do in case you’re laid off. Learn how unemployment insurance works, how to see if you are eligible, how to apply for unemployment benefits and how much money you might expect to receive if you qualify for unemployment compensation.
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