President Barack Obama Implements 2012 Unemployment Extension Benefits, Reports Unemployment-Extension.Org
Sacramento, CA (PRWEB) October 05, 2011
President Barack Obama has implemented a 2012 unemployment benefits extension, in two of the highest unemployed states in the country, California and Florida, it is certainly a necessity, announces Unemployment-Extension.Org.
This came as no easy task for Obama, as many believe the extended unemployment benefits provide a disincentive to hunt for work and arent inclined to get back on their feet. Republicans have sounded more optimistic about a job training plan that would allow workers to continue to receive their benefits while temporarily working with a company.
However, the intention behind extending CA Unemployment Benefits is to actually increase the number of Americans who find new jobs, according to most studies made in 2011. By one calculation, unemployment insurance extensions increased the share of workers who became re-employed by about 1.3 percentage points in January 2011 by reducing the fraction who excited the labor force.
Obama looks for a 2012 Unemployment Extension for the entire country, with some states needing it much more than others. Florida for instance, still has more than 987,000 unemployed, and would have seen its maximum benefits fall to 23 weeks from the national standard of 26 weeks as of 2012, if this Florida Unemployment Extension was not pushed for.
Federally extended benefits, also called emergency unemployment compensation, were first passed in June 2008 and has been extended by Congress eight times… now nine times.
All references for extending unemployment benefits, filing an Unemployment Extension for California, Florida, and any other US State are to be made at Unemployment-Extension.Org.
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