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SpinDistribute.com Article Directory

The following article was published in our article directory on November 22, 2010.
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Three Years United States Unemployment Consume 319 Billion

Article Category: Business

Author Name: Amanda xzh

In the face of severe economic recession, the federal government an unprecedented extension of unemployment benefits again and again, over the past three years, the Americans received unemployment benefits have reached 319 billion yuan, of which 109 billion yuan was paid for by the federal government.

United States Congress in the coming weeks to discuss whether to extend the fifth time this year, unemployment benefits, this will become the welfare costs of the focus of intense debate. Congress must take action before the end of this month, or next month, 200 million people will lose unemployment benefits.

How to decide whether the United States Congress, the business community for the next few years will have to pay the cost of such benefits. Enterprise has always been the state government must bear the unemployment insurance funds, as well as the state unemployment rate is too high, you must start the federal welfare, the burden of up to 20 weeks of federal unemployment benefits.

The current problem is that since 2008 the U.S. Congress authorized to provide the third tier of emergency benefits. This benefit has been extended up to 53 weeks, the unemployed welfare with an unprecedented high, up to 99 Zhou Fuli receive payment.

Rising unemployment has run out of funding for state unemployment benefits, forcing many states to the federal emergency loans. To this end, 31 states have accumulated 41.0 billion debt.

The employer must supplement these funds and is responsible for repayment of the loan, so the Labor Department estimated tax paid by enterprises, unemployment benefits last year from 380 billion in 2015 jumped to 640 million.

However, the business community want to reduce this tax burden, and actively lobbying Congress to exempt the next two years will enable them to pay more than 9 billion yuan of some of the fines and interest relating to these loans. Experts point out that when the urgent need to increase employment, to pay the money to discourage employers from hiring new employees.

Existing U.S. 850 million receiving unemployment insurance benefits, of which 480 million people receiving federal welfare payments.

Defenders claim that such assistance is important because the current downturn in the economic environment is difficult to find work, and extend the benefits to the economy as well, because the unemployed to get used to purchase necessities on Fulijinma.

However, the extension of welfare cost is not cheap, the last six-month extension of unemployment benefits to cost 34.0 billion. The huge costs may make it difficult to accept the Congress worried about the deficit.

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