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Weekly 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.
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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…
Coverage Details
Total News Sources18
Leaning Left2Leaning Right2Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 18%
C 64%
R 18%
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