Entry bubble Unemployment Compensation

By: Colleen | August 27, 2008 | Category: Money

Usually here at Gov Gab we're pretty good about making our posts all sunshine and rainbows and what-unemploymentnot. However, it's not a big secret that there is a lot of not so pleasant stuff going on. Food and gas prices are on the rise, and so is unemployment.

The U.S. Department of Labor's July report says that 43 states and the District of Columbia reported an increase in unemployment during the month of July. Nationwide, the unemployment rate is 5.7%—up a full percentage point from this time last year.

If you are laid off due to "no fault of your own," then you are eligible for unemployment compensation. Check your state's Department of Labor to find out the best and easiest way for you to file. Many of them let you file online or by phone. Be prepared with information such as you social security number, your mother's maiden name, and the Federal ID # of your employer (found on your W-2).

If you've been out of work because of a major disaster (must be declared by the President) like a flood, tornado, fire, or hurricane you are also eligible for Disaster Unemployment Insurance. People are eligible to claim for Disaster Unemployment Insurance a week after the event and up to 26 weeks following the disaster.

Laid off and thinking of starting your own business? There's help for that as well.

Unemployment compensation is designed to help keep you going while you find new work. During this time it is important to carefully watch your expenses, and save money. Any advice to help make ends meet while looking for work?

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