COVID19, officially, has been declared a “global pandemic” by WHO. The term itself is daunting, but the domino effect it has already brought upon the economy is just as unsettling.
The U.S. is nearing recession, markets have plummeted, and some say the economic impact of COVID19 may easily be worse than 9/11. I’ve found some resources that can help if you are unemployed or affected by COVID19:
TEMPORARY UNEMPLOYMENT
You can file for unemployment, even if it is just temporary. In a usual situation, filling for unemployment means that you were permanently laid off or fired. However, because of COVID19, the Department of Labor has set forth new guidelines to help with employees who has had their hours reduced or temporarily out of work because of business slowing down or temporarily closed.
Click HERE to read more on the DEPARTMENT OF LABOR
Click HERE to APPLY and more info on TEXAS Workforce Commission regarding COVID19 UNEMPLOYMENT BENEFITS
Click HERE to APPLY and more info on Texas Disaster Unemployed Assistance
These are just some resources to look into, but please do your own research and see what’s best for you and talk to your employer about it. States have their own guidelines, so look into your State’s guidelines.
FMLA and EMERGENCY PAID SICK LEAVE
A new revised FMLA/COVID19 EMERGENCY SICK LEAVE ACT has passed Senate and now on the hands of Trump for approval to help pay for families affected by COVID19. Read more HEREĀ
SENATE PASSED with no changes. Read HERE
Employees and also small business owners can benefit with their relief package, so Employers should track this progress as well.
$850 BILLION STIMULUS PLAN
The Trump administration is seeking to send direct cash payments to Americans to help cope with the economic damage. The amount per household is still in discussion, but this is proposed to help put money in Americans’ hands to help pay bills, provide an incentive for Americans to stay home to flatten the curve of COVID19 infections, and to promote some spending to help businesses to even-out the economy. Click HERE to read MORE.
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