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Monday, 12 November 2012

Two million jobless Americans could lose unemployment benefits - Nov. 9, 2012

Two million jobless Americans could lose unemployment benefits - Nov. 9, 2012

1 comment:

RAYLOKE said...

NEW YORK (CNNMoney) -- More than 2 million jobless Americans will lose their federal unemployment insurance during the holidays if Congress doesn't extend the deadline to file for extended benefits.

And another 1 million who exhaust their state benefits will not be able to sign up for the federal program in the first quarter of 2013, according to the National Employment Law Project, an advocacy group.






Obama's economy



A look at where the economy stood when Obama took office and what's changed since.
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Now that the presidential election is over, policymakers and advocates are turning their attention to the economic issues plaguing the country, including the fiscal cliff.

Among the measures expiring are federal jobless benefits -- of up to 47 weeks -- that Americans can receive after exhausting their six months of state payments.

So lawmakers must now decide whether they want to extend the filing deadline for the 10th time since the Great Recession began five years ago. Congress first enacted the federal benefits package in June 2008, and President Obama extended it to 99 weeks in November 2009.