Unemployment Insurance Benefits Extended
November 14, 2009 by Admin · Leave a Comment
The United States House of Representatives voted to extend unemployment benefits to the nation’s jobless. Initial unemployment claims continue to rise even as those first losing their jobs now face losing their unemployment benefits. The rising unemployment is yet another sign there will be what is called a jobless recovery.
The House legislation extends the unemployment by an additional 14 weeks. This is welcome news to family members having difficulty finding jobs in the weak economy. The bill also extended the tax credit for first time homebuyers and added a new credit for people who sell their home and buy another.
President Barack Obama signed the bill on 6-November-2009. This bill restores unemployment benefits to over 600,000 who lost their benefits in the last two months and helps others about to lose benefits. T