state extended jobless benefits ends for thousands
State extended jobless benefits for thousands end with many of the hardest hitting states, such as Nevada and California, affected.
Nevada, for example, offers 4 Tiers of unemployment benefits after the initial claim of 26 weeks. Most thought that because the jobless benefits were extended until the end of 2012, that they would not be affected.
Unfortunately, they were wrong.
Nevada for example, offers up to 20 weeks of state extended benefits after all four of the employment tiers are exhausted. Nevada lost eligibility because the three month average is not 10% higher than in any of the 3 prior years.
Nevada’s current three-month average unemployment rate is 11.8 percent. In order to meet the threshold for SEB, Nevada’s three-month average rate would have needed to be 12.0 percent or higher.
Many feel that especially in a state as hard hit as Nevada, that the comparison should have extended back to 4 years thus providing a better and more realistic comparison of a good economy with a not so good one. Going back three years simply compares an economy that was bad, to one that is still bad however only slightly better.
Ending the SEB program in both California and Nevada comes a complete shock to those relying on the benefit especially when the overall unemployment for both of these states remains in the double digits.
For more information about what states are affected, please visit here.
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You know, I think all these facts are not real! Many people don’t work because they have enough money!
I wish I did – - lol
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