Finance

$300 unemployment benefits may not arrive till April, says Labor Dept.

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Extra unemployment benefits offered by the American Rescue Plan may not arrive until mid-April or later, the U.S. Department of Labor said Monday.

The $1.9 trillion Covid relief bill, which President Joe Biden signed Thursday, extended jobless aid to Labor Day and continued a $300 weekly enhancement to benefits.

States need several weeks to tweak their computer systems and account for the changes, a Labor Department official said Monday in a memo to state unemployment agencies.

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Source cnbc.com

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