Saturday, May 12, 2012

Bye bye unemployment benefits (states roll off the federal extended benefits program - 200,000 hit)


CNN ^ | 5/11/12 | Tami Luhby




NEW YORK (CNNMoney) -- More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program.


Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas.


The federal extended benefits program has provided the jobless with up to 20 weeks of unemployment checks after they've run through their state and their federal emergency benefits, which together last up to 79 weeks.


But the extended benefits program is expiring throughout the country as the economy improves. To be eligible for these benefits, a state must show that its unemployment rate is at least 10% higher than it was in at least one of the past three years.

(Excerpt) Read more at money.cnn.com ...

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