JEC Report Reveals Quick Extension of Unemployment Insurance Would Ease Pain of Rising Unemployment and Recession
Washington, D.C. – The Joint Economic Committee (JEC), chaired by Sen. Charles E. Schumer, released a report today, requested by Vice Chair Rep. Carolyn B. Maloney, calling for the extension of unemployment insurance benefits to combat the contracting labor market. Friday’s release of the Bureau of Labor Statistics Employment Situation Report revealed an jump in the unemployment rate and the third consecutive month of job losses for the first time in five years. With the number of UI beneficiaries exhausting their claims already on the rise and no end in sight to the current economic downturn, the report argues that past Republican obstructionism must be overcome in order to provide extended UI benefits for those in need.
