Unemployment Extension Update – January 7th, 2012

A quick update about the recent Federal unemployment extension legislation that just passed:

Key points:

  • Congress voted to extend Federally funded unemployment benefits through February 2012.

  • This extension does not provide additional weeks. Rather, it allows Americans receiving Emergency Unemployment Compensation (EUC) and Extended Benefits (EB) to continue receiving these benefits through the end of February.
  • 99 weeks continues to be the maximimum number of weeks available (depending on your state).

 

Legislation Background and Details

The recent bill that passed in Congress just before the end of 2011 provides for an extension of the payroll tax holiday, prevents a decrease in physician reimbursement related to Medicare, and allows for the continued extension of Federal unemployment benefits, as described above.

With disagreement between Democrats and Republicans about how to fund these measures, this bill was debated at length. Members of Congress were aiming for a one-year extension of these provisions. A two-month compromise was reached, leading to the Feburary deadline that is now in place.

You can expect to hear more about these programs as Congress votes again in coming weeks.

Extended Benefits Reminder

You may be eligible for Extended Benefits if you have already received the maximium number of state benefits (26 weeks) and EUC benefits (up to 53 weeks, depending on your state).

In order to receive Extended Benefits (which provide an additional 13 to 20 weeks of unemployment compensation), the average “unemployment rate” in your state over the last three months must remain higher than the same figure over the last few years.

Currently, 33 states qualify for Extended Benefits.

 

We wish you prosperity in 2012, and will keep you informed as soon as additional legislation information becomes available.

 


What do YOU think Congress should do about the unemployment situation? Please feel free to share your thoughts below.

 

6 comments to Unemployment Extension Update 010712

  • Cynthia Miller

    I have run out my meployment benefits since May 14, 2012. I have been looking for work since, and got nothing. I am 48 years old. I want to know when is North Carolina getting tier 5. And if so when will we get it?

  • Phyllis

    I have been without a job since 2009 and have been applying for work and looking for work since then. I live in California were there are to many people here that are taking jobs the american born people should have. I just ran out of benefits and dont know what to do. Plus I am in my late 50s so there is also age discrimination also. Does any one have any suggestions?

  • Chuck Johnston

    The numbers – they show that unemployment has dropped…. But like other things – they do not count those who have fallen off the grid. I just hope and pray that things will get better….

  • Chuck Johnston

    I do wish that people could pull together and help each other. I like many others have been living on 152.00 per week, and I have now run out of my unemployment. I filed in June of 2010 here in Franklin Indiana. Like others I just need a job. I am now 2K in the hole to my landlord I will do any kind of a job that needs done. I have 2 years of college at Indiana State University and 3 years of electronics training in a Vocational School. I have worked McDonalds, and I have worked setting up CNC lathe machines in a machine shop. But…. I was convicted for breaking an office window, in 1993…. I have a clean record of no felony convictions since then. cjohnston4105890@yahoo.com

  • Diane Smyers

    In reporting the unemployment rate – please report the accurate rates by state & the nation. In the current unemployment stats – there is a presidential election “spin” on the numbers that do not accurately reflect the people who have already exhausted their benefits. It only reflects those who are currently receiving benefits. Come on…its time for truth & honesty from our elected officials. It should not be “business as usual in Congress all the way to the White House.” Can we please get accurate numbers please? Will someone stand up and do the right thing for the American public? Only time will tell!

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