May 7, 2013

Sequester Cuts to Emergency Unemployment Insurance Compensation will likely cost around 30,000 jobs | Economic Policy Institute

Sequester Cuts to Emergency Unemployment Insurance Compensation will likely cost around 30,000 jobs | Economic Policy Institute
"These cuts cause damage in two ways. Most obviously, they mean that unemployment insurance benefits now provide a weaker lifeline to the long-term unemployed and their families, despite the fact that job opportunities have improved very little since the unemployment rate peaked near the end of 2009. Less well understood is the fact that cutting unemployment insurance benefits will reduce spending in the economy and thereby cost jobs."