Long-Term Unemployment Benefits Set to Expire in U.S.
Soon 1.3 million jobless Americans will lose their unemployment benefits. The expiring program, which provides emergency assistance to the long-term unemployed, was introduced in 2008 after the market crash. Politicians argue over whether the benefits keep the jobless from looking for work, but studies suggest ending the program could slice up to 0.4 percentage points off the U.S. economy’s growth. With Congress not expected to consider the issue again until 2014, it looks like even limited government assistance will no longer be guaranteed for many unemployed Americans.
Source: The Guardian