Economy on life support - 225000 Americans losing their unemployment benefits every month - exploding underemployment
Joe Weinman
Oct. 22, 2009

The exponential growth in underemployment is alarming. The trend that started in 1981 is exploding now creating devastating effects on the economy.

One month after the House passed a bill extending unemployment benefits, the issue is still being debated in the Senate. But in the mean time, more than 225,000 Americans are losing their life line - the unemployment benefits every day.

Democratic leaders in the Senate introduced a bill two weeks ago to lengthen benefits in all states by 14 weeks. Those that live in states with unemployment greater than 8.5% would receive an additional six weeks.

Senate Republicans want to add several amendments, including one that would pay for the extra benefits with stimulus funds rather than by extending a federal unemployment tax.

The resulting unemployment has devastating effects on the health of the economy.

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