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Why having multiple jobs could cost you

Having multiple jobs is often touted as a way to get ahead.

During the coronavirus pandemic, not so much.

That’s because laid-off workers with side gigs may receive a lot less money from unemployment benefits because government systems are not able to process different sources of income.

The coronavirus pandemic has led to staggering unemployment that’s lasted for months. There are currently roughly 23 million Americans claiming unemployment benefits through all programs as of Oct. 3, according to the Labor Department.

In March, the CARES Act expanded eligibility for unemployment insurance, including gig workers, freelancers and independent contractors, as well as people who had lost income due to the pandemic. The program established for these workers, called Pandemic Unemployment Assistance, currently has 10.2 million Americans claiming benefits. Read more via CNBC

Pemo Theodore

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

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