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North Carolina / Unemployment Bill Would Cut $600 Million In Federal Extended Benefits

North Carolina lawmakers are considering a bill that would slash unemployment benefits and cause the state to lose roughly $600 million worth of extended jobless compensation paid entirely by the federal government.

The measure would reduce the maximum weekly benefit from $530 to $350 per person. If it passes, North Carolina workers will no longer receive long-term compensation starting in July, since states cannot remain eligible for federal unemployment insurance if local lawmakers cut weekly benefit amounts. An estimated 80,000 people would miss out on federal extended benefits, according to the North Carolina Justice Center, a worker advocacy nonprofit. At $25 million per week, the total loss over time amounts to more than $600 million.

Policy experts said the move would be unprecedented. “It is pretty amazing,” the center’s Alexandra Sirota said in an interview. “As far as we know, no other state has rejected federal dollars to push that level of benefit cuts.”

Chosen excerpts by Job Market Monitor from

Huf

via North Carolina Unemployment Bill Would Lose State $600 Million In Federal Benefits.

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  1. Pingback: US / Summary of 2013 Unemployment Insurance Cuts « Job Market Monitor - February 19, 2013

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