Business Report: Supplemental jobless benefits, unemployment filings decline

Residents who were eligible for additional supplemental benefits from the federal government should receive those funds in the next two business days.

Some unemployed residents will be getting some extra cash. Residents who were eligible for additional supplemental benefits from the federal government should receive those funds in the next two business days. The State Labor Department says it has now processed $1.2 billion in FEMA lost wages assistance payments.

The benefit is $300 for up to six weeks, for a maximum payment of $1,800. Some 800,000 residents were eligible for the program, which was only available for a limited time.

The State Labor Department also reported Thursday that it received nearly 29,000 new claims for unemployment benefits, a slight decline from the prior week. Nationally, new filings for jobless benefits fell to the lowest total since March.

NJ Transit bus and train riders will face no fare hikes next year. NJ Transit’s board of directors has adopted a $2.6 billion operating budget for fiscal year 2021 that includes $1.4 billion in federal funding from the CARES Act that helped cover a decline in revenue due to reduced ridership.