Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

How to file for unemployment benefits if you lose your job in an economic downturn

How to file for unemployment benefits if you lose your job in an economic downturn

Tech and media layoffs are sweeping the US. If a recession results in more job losses, it's important to know how to get benefits.

A wave of layoffs is sweeping the US. 

Big tech companies like Facebook parent Meta, Amazon are shedding thousands of jobs each, and even Microsoft is dropping workers, a company which analysts have considered to be "recession-proof." 

Businesses like Amazon are seeing their revenue grow at the slowest rate in decades, citing inflationary pressures and a lingering labor shortage that are keeping costs up. It's not necessarily a signal of a recession already in progress — it's closer to an economic cool down — but many economists believe a recession, at least a soft one, is likely next year. 

The Fed typically tackles inflation by raising interest rates, so companies are likely to jettison more workers in the next year to compensate for their higher business costs.

That's especially true for the tech industry, which finds itself compensating for years of investing in mass expansions during the early pandemic tech boom. 

"At the start of COVID-19 in early 2020, the world rapidly moved online and a surge of e-commerce led to outsized revenue growth. Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended," Mark Zuckerberg wrote in a November memo to employees on why he cut 11,000 jobs at Meta.

"I did too, so I made the decision to significantly increase our investments. Unfortunately, this did not play out the way I expected," he wrote. 

To be sure, most Americans probably aren't at risk of losing their jobs, as many companies are still struggling to find workers. October alone saw over 10 million job openings. But the tech layoffs show that not every position or industry is safe, and that many workers could be losing their paychecks in the event of a recession.

Here's how to file for unemployment insurance benefits, whether you're laid off, furloughed, or have had your hours severely reduced.


How to determine whether you're eligible for unemployment insurance


Unemployment insurance is jointly run by the state and federal government, so while the application procedure can vary by state, the overall process and eligibility requirements are more or less the same.

As the US Department of Labor outlines on its website, you will typically qualify for benefits if you:

*  "Are unemployed through no fault of your own. In most states, this means you have to have separated from your last job due to a lack of available work."

*  "Meet work and wage requirements. You must meet your state's requirements for wages earned or time worked during an established period of time referred to as a 'base period.' (In most states, this is usually the first four out of the last five completed calendar quarters before the time that your claim is filed.)"

*  "Meet any additional state requirements. Find details of your own state's program."

A worker sweeps the floor after closing time at McSorley's Old Ale House, NYC's oldest Irish saloon, on March 16, 2020.


States loosened their unemployment benefits criteria substantially at the beginning of the pandemic, but they largely expired by Labor Day last year. Congress also temporarily increased unemployment benefits for self-employed workers, gig workers, contractors, and part-time employees.

But now, it's back to the status quo: workers with wage and salary positions are typically the only ones who qualify for unemployment insurance again. And states have also generally reinstated parts of the application process and identity-verification measures that they got rid of earlier in the pandemic. 

But when in doubt, apply, Andrew Stettner, a senior fellow at The Century Foundation, told Insider. 

Many state unemployment websites include benefit rate calculators to help you estimate your weekly benefit amount.


Fill out an application through your state's unemployment website 


You should apply for unemployment insurance as soon as you're no longer working. There's usually a one-week unpaid waiting period before you can start receiving benefits, but many states, including New York, California, and Ohio, have waived it.

"Just apply. Don't wait," Heidi Shierholz, a senior economist and policy director at the Economic Policy Institute, told Insider. "There's no reason to wait a week because you can start getting those benefits a soon as possible. It's good for you, it's good for the economy."

Depending on the state, unemployment insurance claims can be filed in person, on the phone, or online. Most states encourage online applications. You should file your claim with the state where you were working. If you now live in a different state than the one where you worked, or if you worked in more than one state, the state unemployment insurance agency where you now live can give you information about how to file claims with other states, according to the US Department of Labor.

"Start with your state's unemployment insurance benefits site. You're going to get the most recent and accurate information there and really to learn exactly what documents you need to start gathering," Erik Josowitz, an analyst at insurance marketplace InsuranceQuotes, told Insider. 

You'll typically need:

*  your social security number

*  driver's license number of alien registration number and expiration date, if a non-citizen

*  information on all your employers in the past 18 months, including company name, supervisor's name, address (mailing and physical location), and phone number

*  the Employer Registration number or Federal Employer Identification Number (FEIN) of your most recent employer (FEIN can be found on your W-2 forms)

*  the reason for working reduced hours or no longer working with the employer

*  wages earned and how you were paid (e.g. hourly, weekly, monthly)

*  your most recent separation form (DD 214 form) if you served in the military

It typically takes two to three weeks of processing time after you file your claim to get your first payment, according to the Department of Labor.

Depending on the state, you can choose to receive your payment in the form of direct deposit, a check, or a debit card.


Keeping searching for work, even if getting hired seems unlikely


During an economic downturn or recession, one of the baseline requirements for unemployment benefits may seem like a roadblock: that the applicant must be actively seeking a job. For now, the job market is still hot, so it shouldn't be a problem. But in the event that companies stop hiring, it's important to continue to take active steps to look for work.

Each state has its own requirements for what counts as looking for a job. In New York, for example, claimants must keep an online or written weekly "work search record" to provide if the Department of Labor asks for it. The record should include dates, names, addresses, and numbers of employers contacted, names and/or job titles of specific people contacted, contact methods used, positions applied for, or a description of attending job fairs or workshops. 

In California, you're required to recertify online every two weeks.

Applicants should still make every effort to search for work even if the likelihood of getting hired seems nonexistent, according to Stettner.

You must be actively seeking work to keep receiving unemployment benefits.


In most states, unemployment benefits last up to six months


Most states pay benefits for 26 weeks, or about six months, Michele Evermore, a senior policy analyst for social insurance at the National Employment Law Project, told The New York Times.

During periods of high unemployment, claimants may be eligible for extended benefits. For example, in the early days of the pandemic, the CARES Act extended unemployment benefits by an additional 13 weeks, for a total of up to 39 weeks through the end of 2020. 

The Department of Labor lists all 50 states' unemployment insurances offices with phone numbers and links to informational websites.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
Global Critical Mineral Alliances Expand as Western Nations Move to Counter Chinese Supply Dominance
United States Imposes Fifty Percent Tariffs on Mexican Steel and Aluminum Ahead of Trade Pact Review
European Union and China Head Toward Major Trade Conflict Over Clean Technology Exports
United States Economic Growth Severely Downgraded to One Point Six Percent as Stagflation Fears Mount
World Health Organization Warns Central African Ebola Epidemic is Outpacing Containment Efforts
United States Treasury Department Conditions Sanctions Relief on Reopening of the Strait of Hormuz
Iranian Air Defenses Intercept and Destroy United States Military Drone Over Bushehr Province
Iranian Armed Forces Launch Ballistic Missiles Toward Unspecified Targets Prompting Regional Condemnation
United Nations Secretary-General Warns Global Order Facing Highest Level of Conflict Since 1945
Israel Issues Sweeping Evacuation Orders in Southern Lebanon Amid Intensified Hezbollah Conflict
Russia Announces Systemic Military Strikes Targeting Ukrainian Defense and Energy Infrastructure
United States and Iranian Negotiators Reach Draft Agreement to Extend Ceasefire and Resume Nuclear Talks
United Nations Security Council Deeply Divided Over United States Capture of Venezuelan President
US and Iran Exchange Direct Military Strikes Amid Fragile Gulf Ceasefire
World Health Organization Warns of Catastrophic Ebola Outbreak in DR Congo
Russia Threatens New Wave of Strikes on Ukrainian Infrastructure and Embassies
Scientists Warn Atlantic Ocean Currents Could Collapse Faster Than Projected
Anthropic Reaches $900 Billion Valuation in Historic AI Funding Round
Washington Imposes Crippling Sanctions on Iranian Maritime Authority
Japan and the Philippines Initiate Strategic Intelligence-Sharing Pact
Microsoft Deploys Autonomous Computer-Using AI Agents to Global Markets
Anthropic Secures $45 Billion Compute Infrastructure Agreement With SpaceX
U.S. Director of National Intelligence Resigns Amid Administration Shakeup
Micron Technology Crosses Trillion-Dollar Valuation Amid Unprecedented Hardware Demand
Canada and Germany Finalize Historic Long-Term LNG Export Agreement
China Expands International Travel Restrictions on Domestic AI Researchers
Japan Approves Sweeping Overhaul of National Intelligence Apparatus
Global Airlines Scramble Logistics as Middle East Airspace Remains Fractured
Japan's Naphtha Imports Plunge 47 Percent Amid Strait of Hormuz Closure
Global Crude Prices Retreat Below $96 as Gulf Tensions Momentarily Ease
Generative AI Outperforms Human Baselines in Landmark Global Creativity Study
NASA Partners With Private Aerospace to Unveil Permanent Lunar Base Architecture
South Korean Equity Markets Surge on Next-Generation Memory Chip Frenzy
×