Unemployment and Career News July 27th, 2010
President Obama signed the Emergency Unemployment Benefits Extension Bill, HR 5618, into law last Thursday after the bill was passed three hours earlier by the U.S House of Representatives on a vote of 272 to 152. The bill, which would reestablish Tier 3 unemployment for 3 million Americans at an average weekly benefit amount if $306, was approved on Wednesday by the U.S Senate in a highly bipartisan vote. This is the eighteenth extension since the start of the recession in 2008. The bill has been opposed by Republican lawmakers since its introduction in February due to its projected $34 billion dollar price tag., and fears of the growing $13 trillion U.S deficit. The bill will allow those currently on unemployment to file for extension until November 30, 2010 five months later then the previous date of June 2, 2010. The new extension schedule is retroactive allowing those who are passed the deadline to have payments reestablished. Benefit payments are expected to go out as early as next week as each state reviews claims based on the guidelines laid out by the bill. This news comes as monthly unemployment claims rose 37,000 to 464,000 up from the 445,000 expected by a Dow Jones economic survey. It is hoped that the continued purchasing power provided to the unemployed will help aid the shaky U.S economy.
Useful links and news around the web:
Some tips for the unemployed.
How to apply for unemployment.
More information about unemployment benefits extension.
Find out if you qualify for unemployment benefit extension.
Some future prediction for unemployment rates and the U.S job market
It seems like all job news is so depressing, but I’m trying to be optimistic, I don’t understand how a website for job hunters like http://jobs.trovit.com can have millions of job offers and so many unemployed! I feel like there are so many job offers but people are losing hope and giving up on their job search.