Since unemployment benefits are state specific I thought it would be useful to see what short term and long term unemployment benefits would be for a half time and a full time worker at the Portland metro minimum wage. That Portland metro minimum wage was $10.75 until July 1, 2019 and $12.50 after. For the covered period of employment used to estimate benefits I calculate the average wage as $11.19 an hour.
I went to the state employment benefit estimator website HERE and made the necessary inputs.
My DRAFT calculation of the results in a PDF file are HERE and embedded below; I encourage feedback on any errors in calculation I may have inadvertently made.
Observations
Full Time Minimum Wage Worker
- The worker's gross pay for the covered period was an average of $448 a week.
- Through July 31st this worker would receive $902 a week in unemployment benefits, 202% of their average weekly wage.
- After July 31st, this worker would receive $302 a week, 67% of their average weekly wage.
- The worker's gross pay for the covered period was an average of $224 a week.
- Through July 31st this worker would receive $751 a week in unemployment benefits, 336% of their average weekly wage.
- After July 31st, this worker would receive $151 a week in unemployment benefits, 67% of their average weekly wage.
- Workers don't choose whether to be unemployed, the employer does.
- Unemployed workers may lose employer provided health care and other benefits.
- Unemployment income doesn't count as earned income for the earned income tax credit
- Changes in income may impact other eligibility and the amount of other benefit programs and also income tax obligations.
Originally created and posted on the Oregon Housing Blog.
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