The extension of unemployment was not passed in the U.S. Senate. A vote on the extension was blocked by Republican U.S. Senator Scott Brown of Massachusetts.
From the California Budget Project:
ALLOWING FEDERALLY SUPPORTED UNEMPLOYMENT INSURANCE BENEFITS TO EXPIRE WOULD COST JOBS AND COULD ENDANGER THE FRAGILE RECOVERY
Hundreds of thousands of jobless Californians who are struggling to find work in the weakest job market in decades face the prospect of struggling to make ends meet without Unemployment Insurance (UI) benefits just before the holidays. Unless Congress acts, emergency measures currently in place that provide additional weeks of federally supported UI benefits to unemployed workers who exhaust their regular state benefits are set to expire on November 30.1 Allowing these benefits to expire at a time when California’s unemployment rate remains close to the record-high rate reached only months ago would deliver a sharp blow to the economy and could endanger the fragile recovery. Absent Congressional action, more than 400,000 unemployed Californians will lose access to federally supported UI benefits next month alone.2 Without UI, these jobless workers would be forced to scale back their spending, which means businesses would have fewer customers and weaker sales – and that could ultimately cost jobs. For this reason, Congress should do what it has traditionally done during significant downturns in the economy: Continue federally supported UI benefits until the job market shows strong signs of recovery.
No comments:
Post a Comment