EI Rate Update for July 7th - August 6th
May 13, 2024
As of June 9th, Service Canada has posted the unemployment rate for Economic Region 1 (St. John’s Metro) as 7.5%, and Economic Region 2 (all NL outside of St. John’s Metro) as 11.3%.
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The adjusted criteria for hours-based, regular claims in Region 1 (7.5%) is as follows:
Number of Insured Hours Required to Qualify for Regular Benefits: 630
Minimum Number of Weeks Payable for Regular Benefits: 17
Maximum Number of Weeks Payable for Regular Benefits: 40
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The adjusted criteria for hours-based, regular claims in Region 2 (12%) is as follows:
Number of Insured Hours Required to Qualify for Regular Benefits: 490
Minimum Number of Weeks Payable for Regular Benefits: 23
Maximum Number of Weeks Payable for Regular Benefits: 45
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Adjusted criteria for Fishing EI claims:
| Unemployment Rate | Divisor | Insurable Earnings need to get maximum benefits |
| 6% and under | 22 | $26, 728.26 (22 x 1215.38) |
| 6%-7% | 21 | $25, 522.98 9 (21 x 1215.38) |
| 7%- 8% | 20 | $24, 307. 60 (20 x 1215.38) |
| 8% – 9% | 19 | $ 23092.22 (19 x 1215.38) |
| 9% – 10% | 18 | $ 21, 876.84 (18 x 1215.38) |
| 10% – 11% | 17 | $ 20, 661.46 (17 x 1215.38) |
| 11% – 12% | 16 | $ 19, 446.08 (16 x 1215.38) |
| 12% -13% | 15 | $ 18, 230.70 (15 x 1215.38) |
| over 13% | 14 | $ 17, 015.32 (14 x 1215) |
Minimum Earnings Need for Economic Regions
St. John’s Region : 3,800
Newfoundland Region: 2,900