Bye bye unemployment benefits - Eight States to Stop Federal Benefits Program May 12

Some 93,000 unemployed California residents will lose their jobless benefits in mid May because the state's economy is improving.

The state announced this afternoon that Californians who are currently collecting unemployment benefits under the FED-ED extension will be affected.

The state does not break down the number of people on the federal extension program by county.

In addition to the estimated 93,000 residents, California Employment Development Department officials say more than 100,000 who might have qualified for FED-ED benefits between now and year's end will also lose the additional assistance.

Marian wrote:I'm very scared that I could lose my home at this rate... It's terrible that the government would cut our benefits with unemployment still this high...

Marian wrote:It's very political--Obama wants to pretend that we are in a recovery while the Republicans want to blame him for over spending and when there are riots because so many people are now desperate they will also blame him... No one cares in the end about the people...

Chronically Unemployed Cut Off Saturday
Federal standards prevent Californians from receiving long-term unemployment benefits past May 12

About 93,000 people will be immediately affected, according to California’s Employment Development Department (EDD).

“The week ending May 12, 2012, will be the last week EDD can pay FED-ED benefits to eligible unemployed workers, even if someone has a remaining balance on their FED-ED extension,” according to an EDD news release.

Lowgin_45 wrote:The same thing is happening here in North Carolina on Saturday May 12th 2012. 1/2-million people will loose their benefits, including myself.

The EB program is subject to labor market conditions in our state, which determines our eligibility. This program is not in effect for weeks after May 12, 2012.

During the next two weeks, 17,000 people in North Carolina will lose their long-term benefits.

The state, like South Carolina has exhausted its benefits and the federal extension.

According to Jason Chappell who oversees the Henderson County Joblink Career Center in the declining unemployment rate triggered the end of those benefits.

“I think the process is becoming a little bit quicker,” says Chappell. “I can tell you North Carolina, there are tremendous opportunities in manufacturing."

Proponents of benefit cuts will sometimes argue that these workers will now be exceptionally motivated to go get hired now that they’ve been cut off. But how realistic is that? As economist Mark Thoma argues here, there are still 3.4 job seekers for every opening in the job market. That’s abnormally high. In fact, it’s still higher than at any point in the 2002 recession. And it means that many people answering job ads and sending in resumés are going to come up empty-handed, no matter how motivated they are.