Thursday, July 22, 2010

Unemployment Benefits Extension Passes the Senate

After being stalled for weeks, yesterday the Senate voted for a bill that will restore unemployment benefits to 2.5 million jobless Americans that have been out of work for more than 6 months. The bill extends the deadline to file for extended unemployment benefits until the end of November.

Federal unemployment payments, which last up to 73 weeks, begin after the state-funded 26 weeks of coverage expire. Federal benefits are divided into tiers, and individuals receiving benefits must apply each time they move into a new tier.

Many without jobs stopped receiving any unemployment benefits in June. The benefits will be retroactive but it may take states up to a month to start sending checks again.

The bill now moves to the House where they are expected to vote on it today.

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