Senate Democrats Propose Unemployment Benefit Extension

[Sub Atomic]

Source: Trading Markets

With unemployment rates nearing 10 percent Senate Democrats Thursday introduced legislation to extend benefits for the out of work.

The bill, brought forward by Senate Majority Leader Harry Reid, D-Nev., Senate Finance Committee Chairman Max Baucus, D-Mont., and Sens. Jack Reed, D-R.I. and Jeanne Shaheen, D-N.H., provides for a 14-week extension of unemployment insurance benefits across the country.

It would also extend for six additional weeks benefits in states hardest hit by the downturn, where unemployment rates are above 8.5 percent.

"This agreement recognizes the need to extend unemployment benefits for workers in every state whose unemployment benefits have run out or will do so in the next several weeks," Reid said. "More important for Nevadans, our compromise recognizes that workers in the hardest-hit states have even greater challenges finding work and are in the greatest need of assistance."

Read more: http://www.tradingmarkets.com/.site/news/TOP STORY/2571399/

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I'm glad that all states will be seeing an extension of UI benefits. Now just get this in place soon, please.

[Faygo Kid]

1. Minimal. Absolutely minimal. No FDR to be seen here.

Those unemployed will take it. That's all that can be said.

[Sub Atomic]

2. Some of us that are unemployed have paid into the Unemployment Insurance Compensation Fund all our

lives and have not had to use it until now.

I pray you never get to where you cannot find a job, regardless of what you're willing to do and regardless of your degrees or experience.

[obliviously]

3. The people that are unemployed

in states with less than 8.5% employment are just as broke as the unemployed in states over8.5%. This is unfair!