Boston – The Executive Office of Labor and Workforce Development (EOLWD) today announced that the maximum weekly benefit rate for new unemployment claims filed on or after October 2, 2011 will increase from the current rate of $625 to $653.
Massachusetts law requires the maximum weekly benefit amount for unemployment insurance claimants to be revised annually based on the average weekly wage for the twelve months ending March 2011. The average weekly wage in Massachusetts increased from $1,088.06 to $1,135.82. By law, the maximum benefit rate equals 57.5 percent of the state’s annual average weekly wage, rounded to the next lowest dollar amount.
This new benefit rate will not affect the weekly benefit amount of individuals who have established new claims prior to October 2, 2011, but have not yet received benefits checks.