By CBSNewYork Team

TRENTON, N.J. (CBSNewYork) — Federal unemployment benefits will expire Saturday in New Jersey.

This is expected to impact about 500,000 state residents, who will no longer receive $300 weekly checks.

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The Biden administration suggested states could use federal COVID relief funds to extend the payments.

However, New Jersey Gov. Phil Murphy has said he doesn’t plan on doing that.

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“The proper way to extend federal unemployment benefits is through federal action, not a patchwork of state ones,” he said. “It should be noted here, no state is extending the benefit beyond September 4.”

Last month, New Jersey’s unemployment rate was 7.3%.

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In total, about seven million Americans could lose their benefits after Saturday.

CBSNewYork Team