The Iowa Workforce Development announced on Thursday that maximum weekly benefits for jobless Iowans and workers injured on the job would increase on July 5.
The rise in benefits was caused by an increase in wages covered by unemployment insurance. The average annual wage for insured Iowa workers rose to $42,327.64 in 2014, up from $40,883.90 in 2013.
The new benefit payment schedules will be applied to new unemployment insurance claims on or after July 5 and to workers who are injured on or after July 5.
According to the Iowa Workforce Development, nearly half of those eligible for unemployment insurance benefits have enough earnings to meet the criteria for the maximum benefit. The 2015 taxable wage base will be $28,300.