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Will More Jobless Benefits Aid Economy?

...1.3 million unemployed workers (who) face losing an average $282 a week in benefits before June.

Last week, the number of laid off workers filing applications for unemployment benefits soared by 69,000 to 375,000.

The National Employment Law Project estimates that 1.28 million people now collecting unemployment checks will be unable to find a job in the next six months and thus lose that help.

The idea here is to extend unemployment benefits for an additional 3 or 6 months. This is part of the overall package to stimulate the economy which is falling into a recession.

The unemployed will have a harder time finding a job, as the economy contracts, unemployment increases.

What is noteworthy is that the amount of money involved is rather paltry. $282 a week is significantly better than nothing, but $282 a week is more than hard to live on.