The Christian Science Monitor breaks down the forthcoming drop in benefits for the long-term unemployed:
Some 4.9 million jobless workers will have lower unemployment benefits during 2014 if policymakers don’t revive [Emergency Unemployment Compensation (EUC)], according to an estimate by the left-leaning Center on Budget and Policy Priorities, drawing on Labor Department and White House data.
That figure includes about 1.3 million jobless workers who will be affected immediately. They have been receiving the emergency payments, which are scheduled stop starting the week of Dec. 29.
In addition, an estimated 1.9 million people now receiving 26-week state unemployment insurance payments will exhaust them and not have the EUC payments to fall back on. Another 1.6 million people, the center projects, will lose jobs during the first half of 2014, exhaust their regular state benefit, and receive no further benefits.
Note: The number of Americans affected is larger than the nearly 5 million or so who might be direct beneficiaries of the lengthened benefits. In many cases, for example, the jobless benefits are helping to support families.
While there’s hope that a fresh unemployment benefits bill will pass soon, the House GOP might make that difficult.
17:05 // 3 months ago