No More Help: 403,000 Americans Lose Long-Term Unemployment Benefits
The Daily Sheeple
May 14th, 2012
Reader Views: 480
More than 230,000 unemployed workers will lose their jobless benefits this weekend as portions of federal programs expire across several states.
All told, 409,300 long-term unemployed Americans in 27 states will have lost upward of 20 weeks of federal unemployment benefits by this past Saturday, even as the many state jobless rates remain high…
“A growing number of long-term unemployed workers are being left behind,” said Christine Owens, executive director of the NELP.
“Job openings are not taking the place of these cuts,â Owens said.
A tier of 13 to 20 weeks of federal jobless benefits, used by the long-term unemployed, are expiring because of legislation Congress passed in February that gradually cuts federal benefits to 79 weeks from 99. That figure includes up to 26 weeks of state-level insurance.
“These cuts are coming faster than the economy is improving, which means more workers will have to survive without any jobless assistance and families will have less money to put back into the economy,â Owens said.
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