White House Looks To Extend Jobless Benefits

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More than 11 million Americans remain unemployed; of those, more than 4 million have been unemployed for more than 26 weeks.

The White House report coincides with a hearing in Congress Thursday organized by Democrats in which unemployed people will testify about the financial consequences they face if benefits are cut off.

The report challenges studies cited by Republicans that the benefits have actually depressed job creation since 2008 because it forces companies to increase wages to keep and attract workers.

The White House report, however, argues that for workers to use jobless benefits as leverage for higher wages, they would have to threaten to resign their jobs. Workers who quit are not eligible for the unemployment insurance.

 

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Originally seen on http://newsone.com/

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