More Jobless Benefits: Not What the Labor Market Needs

For more than five years, the federal government has provided extended unemployment benefits to workers who have lost their jobs through no fault of their own and remained out of work beyond the standard 26 weeks of unemployment benefits. This program expired on December 28, 2013, ending extended unemployment benefits for 1.3 million Americans. The White House claims that the expiration of this program is "unprecedented in the context of previous extensions to earlier unemployment insurance programs." In his weekly radio address, President Obama declared, "Instead of punishing families who can least afford it, Republicans should make it their New Year's resolution to do the right thing, and restore this vital economic security for their constituents right now." If only the economic reality of the extended unemployment benefits program was as potent as the political rhetoric.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles