Money for New Jersey Unemployment Benefits Comes from Various Sources | New Jersey
(The Center Square) – New Jersey distributed nearly $ 35 billion in Unemployment Insurance (UI) benefits to 1.6 million claimants between March 2020 and the week ending September 4.
Regular state unemployment insurance and extended benefits provided about a quarter (about $ 9 billion) of that total, according to the New Jersey Department of Labor and Workforce Development (NJDOL ).
Other funds came from various temporary programs enacted under the Federal Relief, Relief and Economic Security Act (CARES) in March 2020 and renewed by the Continuing Assistance Act in December 2020 and American Rescue. Plan (ARP) in March.
“Improved federal unemployment programs were essential to help our state and the nation alleviate an economic crisis while controlling a public health crisis,” Labor Commissioner Robert Asaro-Angelo said in a statement. “While we are grateful, the fact that these programs were enacted as temporary emergency measures proves that our outdated federal unemployment system is unable to meet the modern needs of our workforce.”
Programs like the Lost Wage Assistance Program (LWA) are worth more than $ 1 billion. The program provided an additional weekly benefit of $ 300 on top of regular UI for up to six weeks with FEMA funds in fall 2020.
The enhanced unemployment insurance programs expired on September 4.