When to start unemployment claim
When Does the $400 Unemployment Start? | Everything You Need to Know
what's up you guys my name is aubry and
this is my channel and today we're going
to be talking about the federal
unemployment benefit that was signed
as an executive order over the weekend
by donald trump
we'll be talking about what exactly this
entails who will qualify for this new
benefit
what amount it's going to be for and the
most frequently asked question of all
when does this benefit start so let's
get started now over the weekend donald
trump
signed an executive order addressing the
federal unemployment benefit and for
those of you who don't know why this is
substantial and why
it's important is because with the cares
act back in march there was a federal
unemployment benefit on top of
traditional state benefits
and this allowed for unemployment
recipients to receive significantly more
money than they would if they were just
collecting from the state this came in
the form of a 600
flat rate payment every week from the
federal government
now this program expired back in july
and with its expiration came
a lot of worries on what that would mean
economically
would it affect the housing market would
it affect the job market would it affect
the economy and would it kind of cause
a domino effect of negative economic
effects after the expiration date and
because of this
and because of all the economic concerns
there has been a lot of pressure on both
democrats and republicans to get some
sort of
federal unemployment benefit passed now
because of that pressure and because i
guess
of the lack of progress over the last
few weeks donald trump signed an
executive order over the weekend
addressing this problem but there are a
few differences between the original
unemployment benefit that we were
collecting and this new one that falls
under the executive order
in fact the amount of money that you can
receive the timelines in which you can
receive it and
the people that can qualify for it have
all changed under this new executive
order
so the first thing that you need to
understand is that while the initial
unemployment benefit was a flat rate six
hundred dollars so
anybody who qualified for unemployment
would qualify for the six hundred
dollars
this time around it is 400 but the
federal government is only going to be
covering 75
of that meaning they are only covering
300 of the 400
the additional 100 that will make up the
400 total has to come from states
budgets
now this additional 100 per week that
would make up the 400 is expected to
come from the coronavirus relief fund or
crf
which was a fund set up by the federal
government to go to
states and their budgets to help them
combat the coronavirus but the problem
with using states budgets and the crf
in order to fulfill that extra 100 is
that a lot of states may not have the
budget
to implement that sort of unemployment
program in fact ohio and the state of
new york are two states that have
already
come out and talked about the fact that
they may not be able to afford to give
that additional 100
to unemployment beneficiaries the other
extremely
important and kind of unfortunate piece
of information with this unemployment
benefit
is that recipients must be receiving at
least one hundred dollars in state
unemployment benefits until they can
qualify for this additional four hundred
dollar boost
and there is quite frankly a lot of
people that do not receive
more than one hundred dollars in state
unemployment benefits and all of these
people would not qualify for this boost
for example if you're somebody who works
in the hospitality industry and your pay
includes mainly cash payments like tips
you most likely will not qualify for
this federal boost donald trump decided
that the reason why he enacted this 100
threshold requirement was because of the
fact that there has been a lot of
unemployment fraud in the last few
months
but the unemployment fraud has come
mainly from people who are stealing
social security numbers and identities
rather than from people who are just
simply collecting unemployment when they
don't necessarily qualify for it
so it does seem odd that they would make
this 100 requirement especially because
it's going to be leaving out anywhere
between 5 and 10
of the us population who were people
that would not normally qualify for more
than 100
on state unemployment benefits the other
thing that's important to note about the
unemployment program
is that it is currently slated to end on
december 6
2020 or whenever it reaches its 25
billion dollar spending cap
but the problem with this is that
experts say that that spending cap could
be reached in as early as five to six
weeks
meaning that we won't get anywhere close
to that december 6th date
now in regards to when you can expect to
start receiving this unemployment
benefit
there is some confusion on exactly what
the timeline looks like
now according to donald trump and
according to the executive order
it is active as of august 1st which
means that you theoretically could
already start collecting payments now
according to the secretary of treasury
steve mnuchin
you could start seeing funds being
available immediately while larry kudlow
was
a little bit less optimistic as mnuchin
and he said that it would realistically
take a couple of weeks for anybody to
start receiving payments through this
executive order
but it has been stated that once people
do start receiving payments you do have
the possibility of receiving retroactive
payments as well
meaning that even if you don't get your
first unemployment payment for another
two weeks you could still collect
until the moment you get your first
payment so retroactive payments
will be available now all in all i do
think it's important to note that the
legitimacy behind these executive orders
is definitely in question and i wouldn't
say that any of these orders that donald
trump passed is
by any means a shoe-in there's been a
lot of kind of talk on whether or not he
even has the authority to execute these
executive orders because technically
speaking the president doesn't have
control over the budget
congress does and because of that there
is a lot of talk on whether or not nancy
pelosi and chuck schumer will file some
sort of lawsuit
with that being said i do think that
this is a good thing even if there is
a lawsuit filed even if the senate and
congress push back on the executive
orders i think that progress in any form
is still progress and progress is a good
thing
and i do think that this puts pressure
on both democrats and republicans to
stop
dragging their feet and to work out a
deal and if we can have some sort of
progress and some sort of appeasement in
the meantime even if that is through an
executive order by donald trump
i do think that that's a good thing in
the end and so with that make sure to
understand that the things i'm talking
about today could absolutely change
and what this executive order looks like
today may not be what it looks like
tomorrow
a lot is changing quickly and with that
new information will come out as well
now i have been getting a lot of
questions in the comments section of my
video
asking to do a walkthrough on how to
apply for unemployment now the thing
about unemployment is it's controlled
state by state
so meet in texas the process of filing
for unemployment would be
different than if you were located in
california or if you're located in ohio
or in new york or in iowa
and because of that it's very difficult
for me to go through and give a walk
through
on how exactly to file for unemployment
insurance but i will include a few links
in the description below
on a few different resources you can
turn to to help you in filling out your
own unemployment insurance
and if you guys have any questions
through that process make sure to leave
a comment down below and i can try to
help any way i can but while you guys
are at it make sure to hit that like
button for the youtube algorithm hit
that subscribe button hit that
notification bell
and i'll see you guys in the next video
you
