Regular Benefits: Employment Insurance Update
May 1, 2024
Regular Benefits: Employment Insurance Update
We can’t tell you exactly how much you’ll receive before we process your application. For most people, the basic rate for calculating Employment Insurance (EI) benefits is 55% of their average insurable weekly earnings, up to a maximum amount. As of January 1, 2024, the maximum yearly insurable earnings amount is $63,200. This means that you can receive a maximum amount of $668 per week.
There are two EI Economic Regions in the province:
01: St. John’s
02: Newfoundland
Your entitlement and qualification amounts are determined by your Economic Region.
|
Regional rate of unemployment |
Required weeks |
|---|---|
| 6% or less | 22 |
| 6.1% to 7% | 21 |
| 7.1% to 8% | 20 |
| 8.1% to 9% | 19 |
| 9.1% to 10% | 18 |
| 10.1% to 11% | 17 |
| 11.1% to 12% | 16 |
| 12.1% to 13% | 15 |
| 13.1% or more |
14 |