President Barack Obama Extends Unemployment Benefits

By | July 23, 2010

President Barack Obama signs emergency unemployment benefits legislation in the Oval Office of the White House on Thursday, July 22, 2010. The bill will restore checks to 2.5 million people, who have been out of work for six months or more . Some people have lost up to seven weeks of unemployment benefits and the average unemployment benefits is about $300.

Summary:

  • The unemployment benefits legislation will restore benefits for people who have been out of work for six months or more.
  • Unemployment benefits average about $300 a week to 2.5 million people.
  • The unemployment benefits legislation allows jobless people to be eligible for lump-sum retroactive payments.
  • Democrats to drop $24 billion to help state governments avoid layoffs and higher taxes, as well as a package of expired tax cuts and a health insurance subsidy for the unemployed.
  • The unemployment benefits legislation would add $34 billion to a national debt that has hit $13 trillion.
  • Unemployment stands at 9.5% nationwide.
  • Democrats states that many economists say unemployment benefits boost the economy since most beneficiaries spend them immediately.

Do you support the emergency unemployment benefits legislation that President Barack Obama signed on Thursday, July 22, 2010? Write your comment below.

3 thoughts on “President Barack Obama Extends Unemployment Benefits

  1. Pingback: President Barack Obama Extends Unemployment Benefits | Growing Money

  2. Holly Martin

    i could readily say that Barack Obama will be one of the greatest US Presidents'”‘

    Reply
  3. Sharon Judd

    My unemployment started 8/3/08 I exhausted my regular and emergcy/extened benefits 7/01/10. I filed a claim for the presidents 20 week extention and was rejected saying I have no more unemployment money to claim. Can you tell me why I was rejected. I know people that are still getting benefits and they filed a year before me and have never missed a check, I cannot find any work not even part time. I was told each case is different and some people do get longer benefits. Why? Please reply, Thank you.

    Reply

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