Starting next month, New Yorkers collecting unemployment will see their checks jump by 73%.
For years, the state has paid a maximum $504 per week because it was held to a ceiling cap while paying down its Unemployment Insurance Trust Fund loan.
This month, the state paid that loan in full, effectively freeing the maximum unemployment insurance benefit to adjust with relative inflation.
Beginning in October, the maximum rate jumps to $869. Governor Kathy Hochul said it will put New York state on par with other regional state rates, while supporting job seekers who have struggled in the past.
