US EditionWeekly unemployment insurance benefit to increase by more than $300 in New York
New York raised its unemployment benefit by 72%, from $504 to $869 weekly, aiding over half of unemployed residents and supporting those affected by a federal shutdown.
- Beginning the week of Oct. 13, New York State raised the maximum weekly unemployment benefit from $504 to $869, effective Monday.
- Federal rules barred raising benefits while the Unemployment Insurance Trust Fund was in debt, but state law required repayment of nearly $7 billion earlier this year, enabling the hike.
- More than half of unemployed New Yorkers will see weekly benefits rise, with more than a quarter receiving the new maximum and a record $365 increase, a 72% increase.
- As a result, an estimated 115,000 federal employees furloughed by the federal government shutdown could benefit, and New York State employers are projected to save $100 per employee in 2026 and $250 in 2027.
- Governor Kathy Hochul said the increase strengthens the safety net, while state officials noted future rises are unlikely next year and indexed at 50% of the average weekly wage.
18 Articles
18 Articles
NYS Unemployment Gets A Boost
(Albany, NY) – Governor Hochul and Labor Leaders announced an increase in the maximum weekly benefit for unemployment on October 8th. The State invested nearly $7 billion to pay off the federal Unemployment Insurance Trust Fund loan, and bring the fund to solvency and increase the maximum weekly benefit from $504 to $869 weekly. The increase in benefits comes at the same time as the GOP federal shutdown impacts 115,000 federal employees in New Y…
Weekly Unemployment Insurance Benefit Payment: New York's Aid Jumps by 72%, Federal Closure Leaves 115K Employees Unsupported
The financial safety net for unemployed workers in New York is undergoing a seismic shift, with the maximum weekly unemployment benefit jumping by a massive 72%, from $504 to $869. This is the first increase in the weekly rate since 2019 and comes at a critical moment: as a Republican-led federal government shutdown leaves 115,000 federal employees in New York without paycheques. Governor Kathy Hochul has framed the action as a direct contrast t…
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