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Trump's $400 unemployment boost would give Americans $708 a week, on average - CNBC
Aug 11, 2020 1 min, 4 secs

President Trump's executive order to boost unemployment benefits would give jobless Americans $708 a week in total aid, on average.

The president's order, signed Saturday, came after a $600-a-week federal supplement to state unemployment benefits lapsed at the end of July, leaving millions of families without additional aid they relied on to help pay bills.

Trump's unemployment policy would give an extra $400 a week in benefits.

That's on top of the $308 a week the average person collected from states in June, according to most recent Labor Department data.

Trump's extra unemployment may be $300 a week instead of $400.

Roughly 30 million Americans are collecting unemployment benefits, between traditional state programs and a new federal program for the self-employed and other workers, according to the Labor Department.

Those collecting less than $100 a week in state benefits wouldn't be eligible for the additional federal aid, according to the executive order.

That amounts to about 6% of people collecting traditional state unemployment insurance, according to an estimate by Eliza Forsythe, a labor economist and assistant professor at the University of Illinois at Urbana-Champaign.

Eligibility for the extra federal benefits would be retroactive to the week ending Aug.

6 or the funding runs out, whichever happens first, according to the executive order

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