White House Says Unemployment Benefit Lapse to Cost 240,000 Jobs - Businessweek
The Obama administration, bolstering a sustained push by Democrats to
extend emergency unemployment benefits, warned today that a lapse may
cost the U.S. as many as 240,000 jobs in 2014.
An estimated 1.3 million workers would immediately lose benefits if
the emergency program -- extended repeatedly since its inception in 2008
-- is allowed to expire on Dec. 28, according to the report drafted by
President Barack Obama’s Council on Economic Advisers and the Labor
Department. During 2014, 3.6 million more would have their benefits cut
off.
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