Tag: CARES Act

Unemployment on Steroids: How the CARES Act Changes the Game
October 4, 2024 Off

Unemployment on Steroids: How the CARES Act Changes the Game

By The Admiral Staff

The Coronavirus Aid, Relief, and Economic Security (CARES) Act significantly expands unemployment benefits in response to the pandemic. It provides an extra $600 per week to unemployment recipients, extends benefits up to 39 weeks, and for the first time, makes gig workers and freelancers eligible. Existing state benefits range from $213-$546 per week, with an average of $385. The act also includes $1,200 direct payments to most adults

March 25, 2024 Off

The $600 Cliff: What Happens to Your Unemployment Benefits and What to Do

By The Admiral Staff

The $600 weekly unemployment boost provided by the CARES Act is set to expire on July 31st, significantly reducing weekly payments for millions of Americans. While the House passed a bill to extend the bonus, the Senate is unlikely to approve it. With payments potentially dropping to state averages (ranging from $210 to $557) plus Pandemic Unemployment Assistance (half the state average), experts advise job seekers to proactively seek “bridge jobs” in growing sectors like shipping,

COVID-19 Relief: A Lifeline for Struggling Small Businesses
October 12, 2022 Off

COVID-19 Relief: A Lifeline for Struggling Small Businesses

By The Admiral Staff

Amidst widespread business closures and economic disruption due to the COVID-19 pandemic, various relief measures are emerging for small businesses. Banks and credit-card companies are offering case-by-case assistance, including fee waivers and payment relief. Federal initiatives include the Families First Coronavirus Response Act (providing paid sick leave credits), deferred tax payments and extended filing deadlines, and the CARES Act (providing $1,200 stimulus checks and $360 billion for small businesses). Facebook has launched