The expiration of the legislation does not equate to the expiration of benefits to all, as that depends on when each person saw their regular benefits expire...
San Francisco, CA (PRWEB) October 18, 2011
The latest weekly unemployment claims data sees no progress, the troubling unemployment extension situation has driven an increase in US extension numbers, reports Unemployment-Extension.Org. The continued heavy flow into the jobless pool reflects an environment where jobs are still hard to get.
According to Unemployment-Extension.Org, Congress has been unable to pass the President’s Jobs Bill this week, some 6 million Americans could soon be disconnected from the government aid that has so far sustained them; and an inhospitable labor market awaits them.
For the week ending October 8, weekly pa unemployment claims eased by 1,000, but remained at an unhealthy level of 404K. The four-week moving average illustrates the troubling malaise in labor, as the claims average sits at an even higher 408K. While the flow of benefits filers sits above the 300K level, it depicts a labor market where the odds are stacked against job seekers. Meanwhile, an increasing number of economists are forecasting either recession or a slower rate of economic growth for 2012, and higher unemployment to complement that.
Week after week, the insured unemployed count decline. The latest CA Unemployment Claims Report shows that some 55K Americans left in the week ending October 1. With regard to the larger pool of Americans receiving any sort of unemployment benefit under all programs, the number dropped by 39,203 in the week ending September 24, to a still high 6.8 million Americans.
Many of these folks are receiving unemployment benefits through the extension legislation which will expire at the close of the year. The expiration of the legislation does not equate to the expiration of benefits to all, as that depends on when each person saw their regular benefits expire.