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House Votes to Extend Jobless Benefits

But measure faces rough road in Senate, White House

By the Associated Press

Posted Jun 12, 2008 5:00 PM CDT

(AP) – The House today approved an extra three months of jobless benefits for all unemployed Americans, knowing the plan's chances are slight in the Senate. After failing to get a veto-proof two-thirds margin by three votes yesterday, Democrats got an exact two-thirds margin with a 274-137... Read full story »

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House of Representatives • jobless claims • unemployment benefits • Bush veto • economy

More Newser Stories

Jobless Benefits Extension Fails in House

They could expire at the end of November

(USER SUBMITTED) - A vote to extend federally funded unemployment benefits for three months failed to get enough support in the House today, meaning that current benefits could expire on November 30. The bill required a two-thirds vote to reauthorize funding and faced an uncertain future in the Senate had it passed, reports the Huffington Post . Congress currently grants up to 73 weeks of unemployment benefits after 26 weeks of state benefits run out. More»

Jobless Claims Drop, Reach 4-Year Low

Meanwhile, consumer confidence is rising

(NEWSER) - A bit more good news on the unemployment front: The number of people filing new claims for jobless benefits dropped by 14,000 last week, about triple the figure analysts expected, reports the Wall Street Journal . The total of 351,000 matches a four-year low, notes Bloomberg . The trend seems to go hand in hand with rising consumer confidence, which is at its highest point since 2008. More»

Jobless Claims Sink to 3-Year Low

It was a surprise drop, notes Bloomberg

(NEWSER) - Unexpected visit from the in-laws: bad news. Unexpected drop in jobless claims: very good news. Though Bloomberg reports that economists anticipated that the number of Americans filing first-time jobless claims would hold steady around 390,000, it instead dropped by 19,000 last week, to 366,000. The last time it was that low? May 2008, a long-ago era when Jennifer Aniston was dating John Mayer and Newser thought "twittering" was an appropriate verb. Reuters notes that the number is approaching the 350,000 mark, one that analysts consider a sign of "more sustained improvement in the job market." Stocks rose on the news, notes Marketwatch . More»

Let's Give Jobless a 'Signing Bonus'

But cut off benefits after 39 weeks: Todd Buchholz

(NEWSER) - Todd Buchholz, an economic adviser to the elder President Bush, thinks the idea of 99 weeks of unemployment benefits is foolish. It gives people little incentive to find work, he writes in the Washington Post . His solution: Cut off benefits at 39 weeks but add a "signing bonus" for those who land jobs. "After 26 weeks of receiving benefits, a job-seeker would be eligible for a 'signing bonus' equal to three additional months of benefits if he or she took a full-time job," writes Buchholz. After 39 weeks, benefits expire but workers would be eligible for a two-month bonus. After 52 weeks, the bonus disappears. More»

Florida Gets Stingy With Jobless Benefits

State will limit benefits, tie eligibility to unemployment rate

(NEWSER) - Florida is poised to become what the Huffington Post calls the "stingiest state" in America on unemployment benefits. A bill waiting for the governor's signature would cut the maximum number of weeks people could get benefits from the state from 26 to 23. It would also put into place an unprecedented sliding scale: As the unemployment rate dropped, so, too, would the number of weeks people could draw. If it dipped below 5%, for example, people could get a maximum of 12 weeks of benefits, notes CNN . More»

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House Votes to Extend Jobless Benefits

But measure faces rough road in Senate, White House

House of Representatives • jobless claims • unemployment benefits • Bush veto • economy

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More Newser Stories

Jobless Benefits Extension Fails in House

They could expire at the end of November

Jobless Claims Drop, Reach 4-Year Low

Meanwhile, consumer confidence is rising

Jobless Claims Sink to 3-Year Low

It was a surprise drop, notes Bloomberg

Let's Give Jobless a 'Signing Bonus'

But cut off benefits after 39 weeks: Todd Buchholz

Florida Gets Stingy With Jobless Benefits

State will limit benefits, tie eligibility to unemployment rate

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