|Targeted News Service|
Reed made the following statement on the
"Thank you, Madam President. Madam President, I rise today to again discuss the urgent need to restore emergency unemployment insurance.
Like many Americans, I am hopeful about our future but concerned about how the great recession has impacted our fellow Americans, particularly those who have been hit hardest, the long-term unemployed.
These are good people from all walks of life, from all fifty states. They are people who worked in a variety of fields, from high-tech to manufacturing and from cubicles in offices to plants and factory floors.
Many of them are older and finding themselves out of work for the first time in decades. All of them, all 2.78 million of them, lost out on
While they have been out looking for jobs,
Today's long-term unemployment rate is 2.2%, and it's still well above the highest rate, 1.3%, of previous expirations. In the past, when the rate was this high for long-term unemployment, we maintained these benefits.
This is still an emergency and we have to maintain these benefits. It still requires our attention and swift, bipartisan action. And to the
Thanks to my Republican colleague from
Senators on both sides of the aisle recognize that this is the right thing to do for workers and the smart thing to do for our economy. And so the
Unfortunately, Speaker Boehner and the
Madam President, we need to get our country back to full employment. That's the fundamental answer.
To place people in jobs, we have to move the country to a place where all Americans have an opportunity to earn a living and build a better life for their families.
Some may be tempted to look at the latest unemployment numbers and say, well, see, ending jobless benefits is working because the numbers seem to be falling. But that notion is simply not supported by the facts.
This long-term unemployment problem is still, as I mentioned, of significant proportions and those are precisely the people who benefit from extended unemployment benefits.