More than 3.1 million Kentuckians are eligible for unemployment insurance benefits, according to a new study from the Kentucky Department of Workforce Development.
The unemployment insurance program is paid for through payroll taxes that are collected by state and local governments.
It is the largest federal program in the country and serves more than 16 million Kentucks.
Kentucky has been hit hard by the economic downturn, but the state has managed to attract enough unemployed people to keep the unemployment insurance rolls afloat.
Kentuckians currently have unemployment insurance of $14,000 a month.
That figure will increase to $24,000 in February.
This year, it will rise to $25,000.
That means an additional 6,000 Kentuckers will qualify for unemployment benefits.
Kentucks unemployment insurance system is complicated.
People are required to file unemployment insurance claims electronically, but they also have to pay out the benefits when they are unemployed.
This is how it works:If you file an unemployment insurance claim, you are required, on average, to receive $30 a month in benefits for a year.
The state reimburses the state for the cost of administering the benefit.
The amount is then added to the unemployment tax bill that is collected.
The amount paid by the state is not public, but Kentuckies can make payments online, using their employer-provided debit cards.
Kenties who do not have a debit card are still eligible for the unemployment program, which pays out benefits at the same rate as the federal government.
The unemployment tax also pays the state about $100 million a year to help pay for the costs of unemployment insurance.
The jobless benefits are one of the largest subsidies in the nation.
The program is a key component of President Donald Trump’s economic policies, including his push to slash taxes.
Kentuckingans were the first in the U.S. to receive unemployment benefits in 2016.
The federal government started paying benefits in May 2018.
It began in Kentucky because of the recession.
KentUCKY ISAAC KARL, Associated PressPresident Donald Trump is making strides in Kentucky to keep unemployment insurance payments flowing, but many Kentuckans have had trouble finding work since the recession hit in the spring of 2018.
Kentucas unemployment insurance payment is due March 15.
The number of Kentuckys in the program has been falling steadily since 2016, and the state will likely start increasing its payments again in 2018, the report said.