How does the increase in unemployment compare between $ 300 and $ 400

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$ 300 versus $ 400 a week

A $ 300 weekly increase in weekly unemployment benefits would be added to the state’s standard benefits.

Workers earned $ 324 a week in state benefits, on average, in the third quarter of last year, according to the latest data from the U.S. Department of Labor. That aid replaced about 38 percent of the average pre-dismissal salary, which was $ 843 a week.

According to a CNBC analysis, an additional $ 300 a week would increase that replacement rate to 74%.

A weekly rise of $ 400 would have surpassed it by up to 85%.

In comparison, a $ 600 a week improvement offered by the CARES Act last year replaced 100% of lost wages for the average unemployed worker.

State differences

The $ 300 supplement would go further in some states, especially in those that tend to pay lesser benefits.

In Mississippi, for example, the average worker earned $ 190 in weekly benefits in January, the lowest of all states, according to the U.S. Department of Labor. An extra $ 300 a week would be more than double his current endowment.

Massachusetts, on the other hand, paid $ 521 a week to the average person, the highest amount among states in January. A $ 300 improvement in Massachusetts would offer a larger overall payment ($ 851 a week) compared to the Mississippi worker, but it would be far from doubling the initial aid.

More than 18 million Americans were receiving unemployment benefits in mid-February, according to the Department of Labor.

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