Stop Digging a Hole: Reaffirm Long-Term Unemployment Benefits!

The Department of Labor Secretary addressed the importance to extending long term unemployment benefits at this point in the recovery of the national economy. Read below:

What’s New

Reaffirming the Importance of Long-Term Unemployment Benefits

In a Dec. 24 interview with the Baltimore Sun, and on a conference call three days later with two-dozen reporters from across the country, Secretary of Labor Thomas E. Perez said “it would be literally unprecedented” if Congress fails to renew the Emergency Unemployment Compensation program that provides benefits to long-term jobless Americans. Perez said that Congress approved the program with broad bipartisan support in 2008, when the U.S. unemployment rate was 5.6 percent. The current unemployment rate is 7 percent. He added, “The hole that this Administration inherited in the Great Recession was a deep one. And when you’re in a hole, you stop digging. We must maintain these emergency benefits in order to continue climbing our way back to a fully healthy economy.” Perez also noted that when Congress reconvenes on Jan. 6, Senate Majority Leader Harry Reid will bring up legislation to extend unemployment insurance and move it toward a vote. “Congress can do the right thing in the new year and renew this program,” said Perez. “It will help people who want to be employed. It will help families keep going. It will help create economic growth for the nation.”

Read the Interview
Listen to the Press Conference Call
Read the Blog Post

To subscribe to the official blog of the U.S. Department of Labor Click Here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s