You are using an older browser version. Please use a supported version for the best MSN experience.

$600 bonus unemployment benefits end soon. Here’s how to prepare

MoneyWise Logo By Shane Murphy of MoneyWise | Slide 1 of 10: Though America's unemployment rate fell to 11.1% in June as employers hired 4.8 million more workers, another 17.8 million were still out of luck. They remained jobless, the government reported on Thursday. Plus, 1.4 million more people signed up for unemployment benefits last week. So, while the job market is improving, it's still pretty grim — thanks to the coronavirus. A weekly benefit boost has made unemployment a little easier for those who lost their jobs to the pandemic, but soon they'll have to survive without the bonus money. The federal government is providing an extra $600 a week in benefits only through July 31, and an extension appears unlikely. Standard unemployment payouts vary from state to state, and depending on where you live you may have trouble making ends meet on regular benefits alone. Here are nine things you can do to prepare for a smaller weekly payout.

$600 bonus unemployment benefits end soon. Here’s how to prepare

Though America's unemployment rate fell to 11.1% in June as employers hired 4.8 million more workers, another 17.8 million were still out of luck. They remained jobless, the government reported on Thursday.

Plus, 1.4 million more people signed up for unemployment benefits last week. So, while the job market is improving, it's still pretty grim — thanks to the coronavirus.

A weekly benefit boost has made unemployment a little easier for those who lost their jobs to the pandemic, but soon they'll have to survive without the bonus money. The federal government is providing an extra $600 a week in benefits only through July 31, and an extension appears unlikely.

Standard unemployment payouts vary from state to state, and depending on where you live you may have trouble making ends meet on regular benefits alone.

Here are nine things you can do to prepare for a smaller weekly payout.

© MoneyWise
Loading...

XD Load Error

More From MoneyWise

AdChoices
image beaconimage beaconimage beacon