A new report warns that more than two million Americans will lose their unemployment benefits, if the US Congress fails to extend a jobless-aid program.
The report says that one-third of America’s over four million jobless people are still surviving on unemployment benefits. The Congress temporarily extended the program in 2008 in response to the then financial crisis and severe recession. But the federally-funded Emergency Unemployment Compensation program is due to expire on December 31. The report has also warned of a pre-recession scenario, unless the Congress extends the jobless aid. It says another eight-hundred fifty-thousand workers will lose their regular unemployment insurance in the coming March, and won't be able to take advantage of the expanded benefits.
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