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NYS Unemployment Extensions

NYS Unemployment Extensions - On Friday U.S. President Obama signed a new law to cut taxes. A thirteen month extension is included in the new legislation, allowing more time to apply for extended unemployment benefits. The bad news is that this will not help everyone who is currently out of a job.

If you live in a state where the unemployment rate is getting better, then the new law prohibits you from receiving jobless benefits longer than someone living in a state with worse unemployment rates.

NYS Unemployment Extensions

In a nutshell here is the new plan. After exhausting 26 weeks of state funded benefits, you then switch over to the Federal program. The Federal benefits last up to 53 weeks, then another 20 weeks of extensions.The maximum limit will be 99 weeks.

In all $40 million will go out to around 124,000 people in New York. If you already have 93 weeks of checks, then you will be unable to get another extension.

New York City unemployment was down, coming in at 9.1 percent in November, 2010. Previously it was as high as 10.5 percent last year.

NYS Unemployment Extensions
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