The state says Michigan’s seasonally adjusted jobless rate remained steady at 8.4 percent in the latest month as the size of the workforce and the number of people employed both grew.
A Detroit man is among the many Michigan residents who are reinventing themselves due to the troubled economy.
The Republican-led Michigan Legislature on Wednesday approved legislation aimed at stabilizing the state’s unemployment benefits fund, including a bill that could make it tougher for some to get and keep jobless benefits.
The new law restores, for 13 more months, the 99-week maximum. But it provides no further benefits to people who have reached the limit in their state.
Congress sent President Barack Obama sweeping, bipartisan legislation to avoid a Jan. 1 spike in income taxes for millions and renew jobless benefits for victims of the worst recession in 80 years.
With more than 180,000 Michigan residents in line to lose their federal jobless benefits, Governor-elect Rick Snyder isn’t saying if he’ll push for an extension when he travels to Washington D.C. this week.
Unemployment benefits help drive the economy because the jobless tend to spend every dollar they get, pumping cash into businesses.
If Congress lets unemployment benefits expire this week for the long-term unemployed, they won’t be the only ones to feel the pain. The overall economy would suffer, too.
Financial help is running out for many of Michigan’s unemployeed. The State of Michigan will stop taking new extended unemployment benefits applications after this Saturday, since Congress failed to renew the program.
On the same day we get Michigan’s latest jobless report, there’s some new information on the number of people who have already lost – as well as those who are about to lose – their […]