|
Obama Signs Unemployment Bill |
|
|
|
|
Thursday, 12 August 2010 |
Payments to the unemployed continues to remain high for the past couple of months, whereby millions are still unemployed and are depending on the federal government’s jobless benefits in order to make ends meet. In fact, there was an interruption to the payments to the jobless people, whereby there was a standoff in the Congress, which disrupted the payments to the unemployed.
And according to the statistics released by the Feds, it seems that the payments average at $300 a week, while a solid two and a half million Americans are receiving these benefits on a weekly basis.
Nevertheless, Obama has apparently extended the jobless benefits for people who have used up their 26 weeks of state jobless benefits. In fact, the recently approved bill will extend the benefits to up to 73 weeks of federally financed benefits to the unemployed. And the latest figures also showed that about half of the 5 million people in the program are already categorized as ineligible to receive the benefits, since June the 2nd.
Personally, I find the federal government’s move to extend the jobless benefits to be good, but surely, the government can’t continue to support the jobless, as clearly, they will need to increase their efforts in finding jobs in the market. Perhaps the federal jobless benefits are also discouraging the general public from finding jobs in the market?
 |
Subscribe to this comment's feed
