Why unemployment benefits must be extended
|By Ayers, Sarah|
Since 2008, federal lawmakers have provided extra weeks of unemployment benefits for Americans who want a job but cannot find one - a group that totals 11.3 million people today.
Recognizing that unemployment rates have remained high since the start of the Great Recession of 2007 to 2009,
This is because unemployment benefits are not just good for workers; they are also good for the economy. By putting money into the pockets of people who will spend it, unemployment benefits boost demand, spur economic growth, and create jobs. In fact, the nonpartisan
Extending unemployment benefits is also important because there are still too many Americans who cannot find work. The national unemployment rate remains relatively high at 7.2 percent, and workers in many parts of the country are facing much higher rates of unemployment. The unemployment rate in
Not surprisingly, close to half of unemployed workers run out of state unemployment benefits before finding a new job. Federal extended benefits provide much-needed income support during this time, when many Americans would otherwise be unable to pay their rent or put food on the table.
Federal cuts have already dramatically reduced the amount of unemployment benefits available to workers. America cannot afford the human and economic costs of ending emergency unemployment compensation now.
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