how much unemployment will i get if i make $1,000 a week

how much unemployment will i get if i make $1,000 a week

1 month ago 13
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If you make $1,000 a week, the amount of unemployment benefits you could receive depends on the country and region you are in, as unemployment insurance calculations vary.

In Canada:

  • The basic rate for calculating Employment Insurance (EI) benefits is 55% of your average insurable weekly earnings, up to a maximum amount (currently $695 per week)
  • The number of weeks used to calculate your average depends on your regional unemployment rate (between 14 and 22 weeks).
  • For example, if your average weekly earnings are $1,000, your weekly EI benefit would be approximately 55% of that, which is $550, assuming it does not exceed the maximum
  • The exact number of payable weeks depends on your region’s unemployment rate and your insurable hours worked

In the United States:

  • Unemployment Insurance benefits are typically about 50% to 60% of your average weekly wage, up to a state maximum.
  • For example, in Massachusetts, the weekly benefit is about 50% of your average weekly wage, with a maximum weekly benefit of $1,051 as of October 2024
  • In New Jersey, the weekly benefit rate is 60% of your average weekly wage, up to a maximum of $854 in 2024
  • In general, if your average weekly wage is $1,000, your weekly benefit could be around $500 to $600, depending on the state limits

Summary:

Country/Region| Benefit Rate| Example Weekly Benefit on $1,000/week Earnings| Maximum Weekly Benefit (2024/2025)
---|---|---|---
Canada| 55%| $550| $695
US (Massachusetts)| ~50%| $500| $1,051
US (New Jersey)| 60%| $600| $854

Your exact benefit amount depends on your region’s rules, your work history, and the unemployment rate in your area. For a precise estimate, you can use online calculators provided by your local employment or labor department

. If you provide your specific location or country, I can give a more tailored estimate.

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