
Michigan unemployment benefits to increase as much as $84 a week for new claims
This effort marks the first increase in the weekly maximum benefits in over 20 years, according to
Friday's announcement
from the Michigan Department of Labor and Economic Opportunity. The new law also extends the number of weeks someone is eligible to request benefits on a claim from the current maximum 20 weeks to a maximum 26 weeks.
"The increases in benefits and weeks will put extra money into the pockets of thousands of Michiganders at a time when they need it the most," Jason Palmer, director of the Michigan Unemployment Insurance Agency said, citing a spinoff impact to local businesses as unemployed workers spend the benefit funds.
Gov. Gretchen Whitmer signed the bill into law in December, but the Michigan legislature did not permit immediate implementation. As a result, the earliest date the changes could take effect is April 2.
Each person's weekly benefit is calculated based on eligibility at the date of filing.
The increase pushes the maximum weekly benefit up by $84 a week from the existing $362 a week to $446 a week for the remainder of 2025. The maximum weekly benefit will then go to $530 in 2026 and $614 in 2027.
In addition, the amount for each dependent claimed in an unemployment benefits case will go from the current $6 a week to $12.66 for the remainder of 2025. The dependent benefit will be $19.33 each in 2026 and $26 each in 2027. Those receiving unemployment benefits can claim up to five dependents when they file a claim.
Those amounts do include taxes, as recipients can choose whether to take taxes out at the time of unemployment checks are issued or settle at tax time.
Further adjustments starting in 2028 will be automatic, based on the national Consumer Price Index.
That being said, there are some special rules that apply to anyone who started a Michigan unemployment claim between Jan. 1 and April 2.
The state labor department explained that the Unemployment Insurance Agency will review active claims that were filed between Jan. 1 and April 2, and make retroactive determinations to see who would otherwise have been eligible for more money during that time. If someone is eligible for a retroactive increase, the Unemployment Insurance Agency will pay out that difference.
There will be no retroactive change to the number of benefit weeks that someone can file for. The new 26-week range only applies to new claims filed April 2 or later.
Those who are receiving unemployment benefits or applying for the first time should check their Michigan Web Account Manager (MiWAM) account regularly for updates and to make sure their address and bank account information is current.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 hours ago
- Yahoo
Why Leslie's (LESL) Shares Are Plunging Today
What Happened? Shares of pool products retailer Leslie's (NASDAQ:LESL) fell 7.6% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Leslie's? Access our full analysis report here, it's free. What Is The Market Telling Us Leslie's shares are extremely volatile and have had 89 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 3.6% on the news that markets continued to rally amid growing investor optimism for a Federal Reserve interest rate cut in September. This optimism was spurred by a recent Consumer Price Index (CPI) report that did not show runaway inflation, increasing the perceived probability of a rate cut to over 90%. Lower interest rates are generally seen as a positive for the economy as they reduce borrowing costs for consumers, which can stimulate spending on non-essential goods. Consequently, investors bid up shares in the apparel, home furnishings, and automotive retail industries in anticipation of stronger consumer demand. Leslie's is down 86.2% since the beginning of the year, and at $0.31 per share, it is trading 91.1% below its 52-week high of $3.51 from November 2024. Investors who bought $1,000 worth of Leslie's shares at the IPO in October 2020 would now be looking at an investment worth $14.44. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13 hours ago
- Yahoo
Reddit, Roku, Remitly, Coinbase, and Udemy Stocks Trade Down, What You Need To Know
What Happened? A number of stocks fell in the afternoon session after investor apprehension intensified ahead of a key policy speech and perplexing inflation signals clouded the economic outlook, leading to a wider market retreat from growth-oriented stocks. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure. A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Social Networking company Reddit (NYSE:RDDT) fell 6.4%. Is now the time to buy Reddit? Access our full analysis report here, it's free. Consumer Subscription company Roku (NASDAQ:ROKU) fell 3.6%. Is now the time to buy Roku? Access our full analysis report here, it's free. Financial Technology company Remitly (NASDAQ:RELY) fell 4.9%. Is now the time to buy Remitly? Access our full analysis report here, it's free. Financial Technology company Coinbase (NASDAQ:COIN) fell 5.6%. Is now the time to buy Coinbase? Access our full analysis report here, it's free. Consumer Subscription company Udemy (NASDAQ:UDMY) fell 3.4%. Is now the time to buy Udemy? Access our full analysis report here, it's free. Zooming In On Reddit (RDDT) Reddit's shares are extremely volatile and have had 61 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock gained 5.4% on the news that markets continued to rally as the latest inflation data reinforced expectations for a Federal Reserve rate cut as soon as September. The latest Consumer Price Index (CPI) report for July showed inflation holding steady, reinforcing market expectations that the Federal Reserve could begin cutting interest rates as soon as September. Lower interest rates generally stimulate the economy by making borrowing cheaper for consumers and businesses. This can lead to increased consumer spending and e-commerce activity, which directly benefits online retail and marketplace companies. The positive economic outlook fueled a broad-based rally, pushing the S&P 500 and Nasdaq to new record highs and lifting most growth-oriented technology stocks. Reddit is up 37.6% since the beginning of the year, and at $228.31 per share, it is trading close to its 52-week high of $246.50 from August 2025. Investors who bought $1,000 worth of Reddit's shares at the IPO in March 2024 would now be looking at an investment worth $4,526. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15 hours ago
- Yahoo
School tax ballot initiative begins gathering signatures
(The Center Square) – A new ballot initiative is moving forward with gathering signatures in Michigan. The proposal is a constitutional amendment sponsored by Invest in Michigan Kids. It would add an additional 5% tax on all taxable income more than $1 million for joint filers and $500,000 for single filers. This would be in addition to existing state income taxes. 'Michigan's children have been paying the price for decades of disinvestment,' said Rachelle Crow-Hercher, from the Invest in MI Kids campaign, in a statement. 'This initiative helps move us closer to ensuring every child—regardless of race, place, or background—has access to the resources they need to succeed.' Advocates have labeled the tax a 'small, fair share surcharge.' Many groups have already joined to push back against the initiative, including Americans For Prosperity, the Michigan Chamber of Commerce and the Small Business Association of Michigan. Those organizations have labeled the initiative 'dangerous.' 'Make no mistake that this proposal is a jobs killer. It would wreck Michigan small businesses, and that's the same thing as wrecking the Michigan economy,' said Brian Calley, president and CEO of the Small Business Association of Michigan, as previously reported by The Center Square. Advocates for the initiative argue against that claim, saying it will only tax the richest Michiganders, while raising much-needed money for Michigan public schools. Small business owner Jordan Else from Ann Arbor, testified before the Michigan Board of Canvassers in support of the proposed 100-word summary of the initiative. 'I want to directly address the claim that this initiative is a 'small business tax'. It's not. It's a tax on the very wealthiest individuals, those making more than 99% of Michiganders. The vast majority of small business owners, like myself, won't be affected at all,' Else said. 'What does affect us is the strength of our public schools. We rely on a well-educated workforce, on students graduating with practical skills, and on strong communities that attract families and customers.' The proposed amendment joins six other proposals that have received approval and are in the process of gathering signatures. One proposal is already set to appear on the ballot. Each proposal must be presented in a 100-word summary to voters. According to state law, the Board of Canvassers is required to determine whether the language of the summaries is 'true and impartial.' Since 1986, Michigan voters approved 34 ballot proposals, defeating 31. A spokesperson for Invest in Michigan Kids told The Center Square it is aiming to collect 700,000 signatures, despite only needing 450,000. This will help account for the margin of error as signatures are validated. Invest in Michigan Kids anticipates the amendment would generate nearly $1 billion for Michigan schools annually. The current language for the initiative is as follows: 'Constitutional amendment to add, beginning in 2027, an additional 5% tax on annual taxable income over $1 million for joint filers and over $500,000 for single filers. This tax is in addition to existing state income taxes, and is to be deposited into the State School Aid Fund and required to be used exclusively on local school district classrooms, career and technical education, reducing class sizes, and recruiting and retaining teachers; and subject funds to annual audits.' Solve the daily Crossword