Can I Collect Unemployment If I'm Getting Severance Pay?
COVID-19 has sent U.S. unemployment levels through the roof. A frightening 20.5 million Americans lost their jobs in April alone, at which point the country's unemployment rate reached 14.7% -- its highest since the Great Depression.
Thankfully, workers who are out of a job may be entitled to unemployment benefits. Generally, you can qualify for those benefits if you lose your job through no fault of your own, though you'll also need to meet your state's minimum earnings requirement, too. Furthermore, to collect unemployment, you usually need to be engaged in an active job search and be willing, able, and ready to work. But because of the ongoing crisis, many states are waiving those latter requirements. After all, looking for work during an extended period of social distancing may not be feasible, and for those with child care constraints resulting from widespread school closures, the ability to work outside the home may be compromised right now.
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Source Fool.com
