Workers Earning Under $50K A Year Could Do Better On Unemployment
$600-a-week federal boost is the difference maker
Laid off workers who earned less than $50,000 a year in Michigan before the COVID-19 lockdown could collect a higher income on unemployment through July.
That’s because the federal government boosted unemployment benefits by adding an extra $600 a week through July 31. The maximum amount of unemployment benefits an individual can collect is the equivalent of an annual pay of $50,062 a year, according to a Mackinac Center for Public Policy analysis.
Michigan has provided nearly 1.4 million unemployed workers collecting more than $5.62 billion in benefits, according to the state.
Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.