Home > Uncategorized > CBPP – Emergency Unemployment Insurance Benefits Remain Critical for the Economy

CBPP – Emergency Unemployment Insurance Benefits Remain Critical for the Economy

From Center on Budget and Policy Priorities:

Emergency Unemployment Insurance Benefits Remain Critical for the Economy

By Chad Stone and Hannah Shaw

“Congress has provided emergency UI benefits in every major recession since the 1950s and has kept that emergency program in place until the economy was back on track and job prospects were improving.  In all previous cases, the unemployment rate was 7.2 percent or lower when the program expired.  It is 9.6 percent now and showing no signs of coming down quickly.  Continuing the program for another year will provide substantial benefits to both unemployed workers and the economy — and it will do so without endangering efforts to achieve longer-term fiscal balance.”

This report also includes state-by-state data on the maximum weeks of Unemployment Insurance and the number of people affected if federal benefits expire.

View the full report:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3320
http://www.cbpp.org/files/11-10-10ui.pdf 15pp.

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