Monday, March 29, 2004

U.S. Economy: Employment benefits running out

Temporary Extended Unemployment Compensation (TEUC) benefits are ending because Congress failed to extend them. Already 781,000 people have exhausted their benefits since December 20, according to the Center on Budget and Policy Priorities. The program provided up to 13 weeks of federally funded unemployment benefits to jobless workers who have run out of regular, state-funded unemployment benefits but have not found a job. Individuals who have exhausted their regular unemployment benefits since December 20 have not been eligible for TEUC aid.

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