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The house is bringing forward unemployment extension benefits next week. This unemployment extension will cover a additional 13 weeks of benefits to people who are jobless that are living in the united states.
The last 3 months the united states unemployment rate was over 8.5% and this unemployment extension would cover 75% of the U.S. population.
Having some states in the double digits for job loss and with a nation wide average jobless rate of 9.7%. Economist expect the job loss rate in America to rise into 2010 even though signs of the recession is ending.
Estimates show that 400,000 long term unemployed could see their benefits coming to the end in September and up to 1 million by the end of the year.
Having this unemployment extension passed is great due to the fact that benefits will be extended to 33 weeks for those in the worst hit cities with weekly benefits level raised $25. This unemployment extension in states with 8.5% jobless rate or high will receive a total of 46 weeks of benefits.
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