Today’s Unemployment Benefit News Review and EUC Extension Update April 7, 2014:
Finally, after months of debate, the unemployment benefit deal for the long term unemployed in America is expected to make its final passage through the Senate today. Many jobless Americans have been waiting since December 28, 2014 for this to happen.
December 28, 2013 represents the day that over a million unemployed Americans exhausted their long term unemployment. Since then, the number of Americans that have fallen into the category of unemployed without federal unemployment compensation has risen to well beyond 2 million. The debate to extend unemployment has grown in intensity and volatility as many policy makers believe that the focus is all wrong. Instead of providing government “handouts” to a group of out of work Americans, many policy leaders feel that policy should be designed to put these Americans back to work. This mode of thinking is apparently held by many more in the House which will be the next procedural hurdle for the long term unemployment benefit deal to endure in order to become law.
House Speaker John Boehner remains staunch in his belief that the current bill will not promote job development in the U.S. and should therefore be dropped from consideration. This thought process is held by other policy makers in the House as well. Rep. Steve Southerland II of Florida recently remarked that the House needs to “do the right thing and allow the economy to create jobs.” It is still unclear what will happen to the unemployment benefit extension deal once serious debate begins in the House, but the periphery discussion has done little to promote optimism.