CNBC reported recently that millions of Americans are about to lose their unemployment benefits as soon as June 12th. At least 24-states have decided to end federal unemployment assistance well before the September 6, 2021 end data. Which states are making a move to cut benefits? If you’re currently still unemployed but facing a loss of benefits, what can you do right now to prepare?
States with Expiring Unemployment
According to CNBC, the current list of states cutting the extra $300 per week federal supplement along with the income for unemployed gig workers that don’t qualify for aid normally includes:
- June 12 Alaska, Iowa, Mississippi, Missouri
- June 19 Alabama, Idaho, Indiana, Nebraska, New Hampshire, North Dakota, West Virginia, Wyoming
- June 26 Arkansas, Florida, Georgia, Ohio, South Carolina, South Dakota, Texas, Utah
- June 27 Montana, Oklahoma
- July 3 Tennessee
- July 10 Arizona
How can workers prepare for the loss of their unemployment benefits when they cannot find work? We have some suggestions.
Preparing for the Loss of Unemployment Benefits
Start with Your Budget
It’s time to take a look at your budget again. If you found ways to cut costs during the pandemic, revisit what you learned. Cut back on any non-essentials that you can do without until your weekly revenue evens out.
If you have a mortgage, rent, or other regular monthly payments for a car or other necessities, consider how you can reduce these. Could you consider taking on a roommate to lower housing costs? Is it time to move? Even if these changes are temporary, they will help you regain control of your finances before they start to spiral out of control. Set a budget for things like groceries, utilities, or any other necessary payments. Consider looking into food assistance programs to help make ends meet. Talk to any credit card companies or loan servicers to let them know what’s going on with your finances. Many companies still have forbearance programs in place to help you during a hardship.
Turn to Your Local Community & Network
Ask for help. Look to your church, the local food bank, your family, and friends. What resources does your community have to help you? How can your support network of friends and relatives lend a hand during a difficult time? It’s hard to ask for help sometimes, but there are resources available that you may not even realize—you just have to ask.
Create a Solid Plan of Action
Now is a great time to write down an action plan for your future. It will help you be more in control of your life, your spending, and the next steps on your career path. Keep your eyes open to opportunities and stay as positive as you possibly can.
Update Your Resume & Being the Job Search
Finally, the most important thing you can do is update your resume and speak with Lingo Staffing. We have temporary, contract-to-hire, and permanent positions available in a variety of companies with scheduling options to fit your life.
Lingo Staffing Can Help You Re-Enter the Workforce
We help people get back to work. Talk with our team today and stay prepared for the future.