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New York Raises Maximum Unemployment Benefit to $869 in First Increase Since 2019

The higher rate follows the state’s payoff of a $7 billion unemployment insurance debt that had kept benefits frozen.

Overview

  • Payments at the new rates will begin showing up the week of Oct. 13, according to state officials.
  • More than half of claimants will see higher weekly amounts, with at least 27% receiving the $869 maximum and another 28% getting increases.
  • Recipients do not need to take any action because the Department of Labor will recalculate benefits based on previously reported earnings.
  • Officials say clearing the Unemployment Insurance Trust Fund loan allowed the immediate boost, which might otherwise have been delayed until 2031.
  • The previous maximum of $504 had been in place since 2019, a period when pandemic-era federal debt drove business tax surcharges that are now being lifted.