Americans React To End Of Jobless Benefits: “I Just Don’t Know What To Do, Except Pray”

Monday, December 30, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
12/30/2013

“It’s going to put my family and me out on the streets,” is a perspective shared by many of the 1.3 million Americans about to lose their emergency unemployment claims. The program, started during the recession, was intended to help jobless people after they exhausted state benefits, typically lasting six months. House Republicans resisted continuing the benefits without budget cuts elsewhere to cover the cost. As Bloomberg reports, opponents say the extended benefits discourage the unemployed from accepting jobs and that the program should be curtailed, given the recovery in the nation’s labor market.This has profound implications for the oh-so-important unemployment rate that the Fed is so dependent upon…

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