Thursday, November 29, 2012

Federal jobless benefits could vanish

Talk about a hard landing: About 2 million Americans, including 400,000 in California, will abruptly lose their unemployment benefits after December unless Congress votes to continue federal funding for extended benefits. ....About 2.1 million of the 5 million Americans receiving jobless benefits are on a federal extension that will end after Dec. 29, even if they have weeks remaining in their federal claim, according to Maurice Emsellem of the National Employment Law Project. "It's a hard cutoff," he said. "There is no phaseout,".... Congress has renewed extended benefits 10 times since the current round started in June 2008.

Read more: http://www.sfgate.com/business/networth/article/Federal-jobless-benefits-could-vanish-4075669.php

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