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.
- 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.