WCCF Report: End of Federal Unemployment Benefits Would Harm Wisconsin Economy

Fantastic report out from the Wisconsin Council on Children and Families on how the End of Federal Unemployment Benefits Would Harm Wisconsin Economy. From their report

"Federal help for Americans unemployed for long stretches, which will expire at the end of December unless Congress acts, gives an important boost to local economies. Allowing it to end now would hurt Wisconsin businesses, as well as jobless workers and their families."

Check out the report. The authors have plenty to say on how the loss of federal unemployment benefits will impact Wisconsin

  • Unemployed Wisconsinites will lose an estimated $361 million in 2014
  • Nationally, unemployment benefits lifted 2.5 million people out of poverty, including an estimated 38,000 people in Wisconsin. Last year, 9,000 Wisconsin children were lifted out of poverty by unemployment benefits
  • If federal unemployment benefits are shut down, 99,000 Wisconsinites will see their incomes drop over the course of 2014. This number includes jobless workers who will lose their federal unemployment benefits abruptly at the end of the year, as well as other unemployed residents who subsequently exhaust their state benefits and lose access to federal help.
  • With too few jobs to go around, 4.1 million people have been out of work 27 weeks or more — one-third of all unemployed Americans.

But most impressive is the county by county breakdown of the impact of federal unemployment benefit cuts

County level EUC estimates

 

Unemployment benefits matter, both federally and in the state. Don't let Unemployment compensation be cut in either case, sign our petition!

 

 

 

 

 

Federal help for Americans unemployed for long stretches, which will expire at the end of December unless Congress acts, gives an important boost to local economies. Allowing it to end now would hurt Wisconsin businesses, as well as jobless workers and their families. - See more at: http://www.wisconsinbudgetproject.org/end-of-federal-unemployment-benefits-would-harm-wisconsin-economy#sthash.Pxb4KljJ.dpuf
Federal help for Americans unemployed for long stretches, which will expire at the end of December unless Congress acts, gives an important boost to local economies. Allowing it to end now would hurt Wisconsin businesses, as well as jobless workers and their families. - See more at: http://www.wisconsinbudgetproject.org/end-of-federal-unemployment-benefits-would-harm-wisconsin-economy#sthash.Pxb4KljJ.dpuf

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