The CARES Act, which was just passed the previous week, provides unemployment insurance to those people who have just lost their jobs due to the ongoing pandemic.
The US labor department ran the numbers on Thursday and said that a sum total of 6.6 million American nationals filed complaints about joblessness the past week, which makes the final number of 10 million people who filed the complaints regarding unemployment.
As the unemployment rates are soon to hit their historic low, it is being projected that round about 47 million US jobs could be lost due to the pandemic, which will hit the unemployment rate to go as high as 32 percent. While the program is designed to provide funding to people who are unemployed, the CARES act will also provide benefits to the people who were previously ineligible for the CARES program. This includes people who are self-employed, freelancers, or working as independent contractors.
WHO IS NOW NEWLY ELIGIBLE FOR UNEMPLOYMENT?
People who were self-employed before the pandemic such as farmers, gig workers, contractors, and freelancers are now eligible for marking themselves as unemployed. Due to the reduced demand for this kind of work in their relevant fields government is now on the ground to help these people. Individuals who want to get benefit from the CARES program will need to provide proof that they are unemployed due to the direct result of the pandemic.s
WHO STILL ISN’T QUALIFIED FOR UNEMPLOYMENT?
People who are working from home and are getting paid for it and people who are on paid time off aren’t eligible for the unemployment insurance program. However, if they get sick or are looking after someone who got sick are eligible for the program.
HOW MUCH STIPEND WILL BE PAID TO THOSE WHO GET QUALIFIED FOR THE PROGRAM?
The 1974 model of Disaster Unemployment Assistance will be followed by the American government for paying the people in need. People who are unemployed will get a stipend, which will amount to half of their wages.
WHEN CAN THE ELIGIBLE INDIVIDUALS START FILING FOR UNEMPLOYMENT?
Though the main idea behind the whole CARES act is to provide funding to those who are unemployed because of coronavirus. But individuals still have to comply with the government’s demands and have to sign on the agreement papers to get the benefits that they require. There has been no clear news as to when the whole program with a definite infrastructure will start, but sources have said that the whole thing will start effectively in the first week of May.