Expect a big drop in the unemployment numbers for May when the monthly jobs reports come out. Eight states are dropping a total of 230,000 this weekend from benefits. The artificial drop in the unemployment rates for most states mean that the many will not be eligible 99 week emergency program and their benefits will run out at 79 weeks.
More than 230,000 jobless Americans will lose their unemployment insurance by this weekend as reductions in the federal program that provides extended benefits to the long-term unemployed take broader effect.
The new round of reductions is hitting eight states this month, meaning that about 400,000 long-term unemployed Americans in 27 states will have been cut off of the federal government’s extended unemployment benefits program this year, according to an analysis by the National Employment Law Project, which advocates for the unemployed.
The cuts stem from a congressional agreement this year that will reduce the maximum duration of unemployment benefits from 99 weeks to 79 weeks as the nation’s jobless rate declines.
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This month, the maximum unemployment benefit period is being reduced in eight states: California, Texas, Pennsylvania, Florida, Illinois, North Carolina, Colorado and Connecticut.
This is how the Obama Boom is producing this reduction in the unemployment rate.They don’t count people not receiving befits. The media will not discuss the truth and continue to lie.
Tags: The Obama Boom
