HB1405

Aligns Mississippi unemployment benefit duration with statewide unemployment rate.

Mississippi HB1405 proposes to modernize the state's unemployment insurance program by linking the duration of unemployment benefits to the statewide unemployment rate. This bill aims to incentivize employment and support workers during economic downturns. The maximum number of weekly benefits available will be determined by the average, seasonally adjusted unemployment rate for the three months preceding the month of an individual's first claim. The bill outlines specific benefit durations based on the unemployment rate, ranging from twelve to twenty-six times the weekly benefit amount.