Weekly jobless claims shatter estimates at 6.64M amid coronavirus
U.S. weekly jobless claims rose to 6.64 million. FOX Business’ Cheryl Casone with more.
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A skyrocketing number of businesses have furloughed employees because of the coronavirus pandemic — and although furloughs are typically meant to be temporary, many people finding themselves without a paycheck are wondering if they qualify for unemployment insurance.
Although states handle their own unemployment insurance programs, Congress decreed that employees on furlough do qualify for such benefits as long as their loss of work is connected to the pandemic. Congress also added $600 per week onto state benefits until the end of July.
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As an end date for the virus lockdown seems unclear, furloughs may feel more like layoffs. Technically, both words denote a cessation of employment, although employers typically use the word "furlough" when the condition is temporary.
There's no across-the-board definition for what benefits or packages an employer owes the employee, although furloughed employees typically keep their health benefits despite losing their paychecks.