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Released: December 28, 2011
The biggest cut in unemployment benefits
Source: Casey B. Mulligan, NY Times (Free Registration)
While Congress has been debating whether to cut the duration of unemployment benefits, perhaps the largest unemployment benefit cut occurred when the stimulus law expired.
Unemployment insurance offers funds, for a limited eligibility period, to people who lost their jobs and have not fyet been able to find and start a new job. In 2008, “emergency unemployment” legislation, plus automatic triggers in the unemployment insurance rules, extended the eligibility period to up to 99 weeks from 26 weeks.
Read Full Article: The biggest cut in unemployment benefits
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