BY: Adam Gavriel
These benefits applied to Americans who have been unemployed for long than six months, are now non-existent. The expiration was due to a bipartisan budget deal that did not reauthorize the benefits program. American politicians have once again turning a blind-eye to a key problem in America’s economy; the long-term unemployed.
On Friday, politicians broke down the figures being lost by Americans and discovered that affected Americans will be losing $305 per week.
“That would mean there is almost a billion dollars we are losing from the economy because of not extending unemployment insurance benefits” says professor Lawrence Katz.
It is believed that ending emergency unemployment insurance will have adverse impact on the economy because they benefiters tend to spend the money on goods and services, and plug it back into the economy.
Politicians hope that legislation will soon be pushed through the Senate in order to restore these benefits.
If you are one of America’s many long-term unemployed, we’d love to hear how this situation is effecting your wallets, your lifestyle, and your means of living. We would also love to do anything we can to help.
Here at Crossroads Consulting, it is our mission to put the ‘human’ back into ‘human resources’ and that all starts with human interaction. Head on over to our website today to take a look at the over 50 job openings we are looking to fill TODAY. Also do not hesitate to reach out on Facebook or Twitter.