The U.S. Senate is expected to act by the end of this week on a bill approved by the House yesterday that will provide an added 13 weeks of unemployment insurance (UI) benefits for jobless workers in high unemployment states who have exhausted their benefits without finding new work.
H.R. 3548, introduced by Rep. Jim McDermott (D-Wash.), passed 331-83, with 66 Republicans and 17 Democrats opposing the measure, which will extend benefits in states where unemployment is more than 8.5 percent.The official unemployment rate stands at 9.7 percent and is expected to top 10 percent in the coming months.
There are six jobless workers for every job that is open.House Speaker Nancy Pelosi (D-Calif.) says extending UI benefits in the states hardest hit by the recessionprovides families with the assistance and reassurance they need to help weather the economic storm.
Extending these benefits is also among the most cost-effective and fastest ways to stimulate the economy—because the money is spent quickly. Every $1 spent on unemployment benefits generates $1.63 in new economic demand.
The bill provides extended benefits to 314,000 workers in 27 states, the District of Columbia and Puerto Rico who run out of benefits at the end of September. Another 1 million will exhaust their UI benefits by the end of the year.
The bill covers workers in Alabama, Arizona, California, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Kentucky, Maine, Massachusetts, Michigan, Mississippi, Missouri, Nevada, New Jersey, North Carolina, New York, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, Washington, West Virginia and Wisconsin.
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