At Least for a While, it Pays Better to Be Unemployed

by Mike ‘Mish’ Shedlock
The Street

In many states workers can do better collecting unemployment than being employed.

Please consider the Coronavirus Unemployment Calculator to determine when and where it’s better not to work.

Under the CARES Act, Americans laid off due to the coronavirus receive an additional $600 a week for the next four months, ending July 31st or upon employment. In addition, the unemployment window has been increased in each state by 13 weeks.

Massachusetts generous unemployment policies combined with the stimulus means all workers making under $73,996 would receive more a week unemployed than they do from working.

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