The $600 weekly enhanced unemployment benefit would be replaced by a reduced amount of around $200 or $300 a week, according to an analysis of a plan outlined Thursday by Treasury Secretary Steven Mnuchin.
$200 or $300 a weekCongress will likely derive a new benefit level using the current structure: a flat weekly payment, according to labor experts.
Spokespeople for the Treasury Department and Senate Majority Leader Mitch McConnell, R-Ky., didn't return a request for comment. A spokesman for Senate Minority Leader Chuck Schumer, D-N.Y., deferred questions on the structure to McConnell's office. Applying this same logic to Mnuchin's 70% wage replacement proposal, the average person could expect to get $310 a week from an upcoming relief package, according to a CNBC analysis.
Mnuchin's proposal would mean a $188 weekly enhancement for the median worker, according to an analysis conducted by Tedeschi. The median represents the typical worker, or the one right in the middle of the pack.This structure would significantly reduce the share of Americans who can theoretically collect more from unemployment than their lost wages.
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