INDIANAPOLIS (WPTA21) - Gov. Eric Holcomb on Monday announced that Indiana will end its participation in all federally funded pandemic unemployment insurance programs in one month.
The announcement comes as the state unemployment rate -- once as high as 17 percent -- sits just below 4 percent, and with labor force participation nearing the pre-pandemic level, according to officials.
“There are help wanted signs posted all over Indiana, and while our economy took a hit last year, it is roaring like an Indy 500 race car engine now," Holcomb said. "I am hearing from multiple sector employers that they want and need to hire more Hoosiers to grow.
“We have a myriad of work options in every region of our state with many more coming online every week.”
The programs that will end on June 19 are:
- Federal Pandemic Unemployment Compensation (FPUC), which provides a $300 weekly add-on to recipients of unemployment insurance
- Pandemic Emergency Unemployment Compensation (PEUC), which provides recipients extended benefits after their traditional 26 weeks of unemployment insurance benefits have been exhausted
- Pandemic Unemployment Assistance (PUA), which provides benefits to individuals who do not normally qualify for unemployment benefits, such as self-employed, gig workers, and independent contractors
- Mixed Earner Unemployment Compensation (MEUC), which provides a $100 additional weekly benefit for individuals who are eligible for regular unemployment benefits but also earned at least $5,000 in self-employment income
In recent weeks, numerous states have announced that they will end their participation in the federally backed extension of benefits.
Ohio is among that group. Gov. Mike DeWine said that the state will opt out as of June 26.