According to FEMA, the federal government has approved the $300 supplement to jobless benefits for 11 states. They include New Mexico, Oklahoma, Utah, Arizona, Colorado, Iowa, Louisiana, Idaho, Maryland, Missouri, and Montana.
Many other states are not yet sure of the offering of $300. South Dakota has not even applied for the federal subsidy. The states who have got the approval will be paying out the subsidy in this week itself. According to the recent memo issued by FEMA, under the process, the funding will be made available as early as one business day, once the grant is signed and approved by the states.
Seven of the eleven states have already got the approval on the weekend. The payments that will be made under the grant will be retroactive to 1st August.
But one need to understand that such aid does not fall into the category of ‘unemployment insurance’ and that there must be an entirely new system framed to deal with the current unemployment scenario.