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State’s Maximum Unemployment Insurance Benefit Increases to $501 Weekly on Oct. 7

For immediate release
October 2, 2007

WETHERSFIELD, The maximum Unemployment Insurance benefit increases to $501 per week from the current $483 effective Oct. 7, State Labor Commissioner Patricia H. Mayfield reminds Connecticut residents.

The new rate applies to claims filed for the benefit year starting on and after Oct. 1, 2007. Individuals who established a claim prior to the Oct. 1 date and who have been collecting Unemployment Insurance benefits will be unaffected by the increase. The weekly dependency allowance for each dependent, at $15 with a maximum of $75, remains unchanged.  

The revision of the maximum weekly unemployment benefit is based on average manufacturing wages for the year ending June 30, 2007. An increase is limited by law to $18 a year or 60 percent of the average wage whichever is less. In 2006-2007, those earnings averaged a record $852.45 weekly, up from the 2005-2006 average of $815.01 per week. The statutory limitation kept the increase this year to $18.

For the 12 months ending Aug. 31, jobless benefits averaged $293 per week and claimants received an average 16.3 weeks of compensation. A year earlier, weekly benefit payments averaged $288 for an average of 16.4 weeks.  

Regular state unemployment benefits are funded by a separate assessment paid by more than 99,000 Connecticut employers. The tax is based on the first $15,000 of each worker's annual wage.

Media Contact: Nancy Steffens  (860) 263-6535

200 Folly Brook Boulevard, Wethersfield, CT 06109 / Phone: 860-263-6000

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