Uncategorized

Expiration of Unemployment Insurance Extensions Impacts Jobs, Too

The expiration of federally funded extended unemployment insurance benefits at the end of this year will have a significant impact on thousands of North Carolinians just in the first month.  Nearly 70,000 are estimated to lose this lifeline in January 2012 alone despite the deepest economic downturn since the Great Depression . As we have profiled each week,  veterans, older workers and many other North Carolinians will be affected by the expiration of unemployment insurance benefits.

In addition, so will the economic recovery.  Recent research released by the Economic Policy Institute suggests that the failure to extend emergency unemployment benefits will also impact jobs and industry output. Because unemployment insurance benefits boost spending in the economy, they sustain and even create jobs.  Continuing these benefits into 2012 will create or save more than half a million jobs nationally. In North Carolina alone more than 18,000 jobs would be saved or created through an extension into 2012.

The evidence is clear: unemployment insurance benefits represent a sound investment that will support families struggling with unemployment and protect the economy from further job loss.

 

 

3 Comments


  1. david esmay

    November 23, 2011 at 10:39 am

    Unfortunately republicans will never invest in this country, their goal is to strip it of it’s assets and resources. They even hedge bets against it, i.e. Eric Cantor and Spencer Bachus, to profit from fiscal calamity. They believe that suffering increases their chances to regain power.

  2. Eunice

    November 25, 2011 at 9:10 am

    Democrats don’t want to invest in the country either, they just want to be able to reward the people who vote for them. It’s a sad situation for both parties and the country.

  3. […] to extend a payroll tax cut and unemployment insurance benefits. It’s estimated that nearly 70,000 North Carolinians would be adversely affected if the federally funded extended unemployment […]

Check Also

Early childhood educators in NC struggle to make ends meet, afford their own children’s early education

One issue central to ensuring the quality of ...

Top Stories from NCPW

  • News
  • Commentary

With just a few hours left until the crossover deadline, the state of North Carolina’s environment i [...]

On Monday morning, there was only one way left to save the Court of Appeals and a few hours with whi [...]

The political compromise that repealed HB2 was enough for the NCAA and ACC, both of which have retur [...]

Conference comes a day after new report lauds benefits of same-day registration The new line-up for [...]

How many times do we have to say it? Well, it’s worth repeating – especially in the aftermath of rec [...]

As the national pundits weigh in on President Trump’s first 100 days in office and the General Assem [...]

How the General Assembly is spending “crossover week” and what it ought to be doing The last week of [...]

To casual observers, the recent controversy surrounding public school class-size mandates in grades [...]

Featured | Special Projects

Trump + North Carolina
In dozens of vitally important areas, policy decisions of the Trump administration are dramatically affecting and altering the lives of North Carolinians. This growing collection of stories summarizes and critiques many of the most important decisions and their impacts.
Read more


HB2 - The continuing controversy
Policy Watch’s comprehensive coverage of North Carolina’s sweeping anti-LGBT law.
Read more