Thousands of Texans to lose unemployment benefits
Fri, 27 Dec 2013 21:13:18 GMT —
More than 64,200 Texans including approximately 490 Texas Panhandle residents will lose their unemployment benefits this weekend due to cuts to the Federal Emergency Unemployment Compensation Program. According to data from the U.S. Ways and Means Committee Democrats, the cuts will be effective for all unemployment recipients Saturday December 28, 2013.
Unemployment insurance began in 2008 to help recovery efforts after the U.S. suffered a major economic downturn. While the country is making economic progress, long-term unemployment rates are still reaching historic highs.
The Department of Labor estimates that an additional 106,900 people could lose their insurance within the first six months of the year 2014.
Nationally, more than 1 million Americans will be affected the Ways and Means Committee indicates. For families who rely on the cash the cuts will result in the loss in the average monthly stipend of $1,166.
To view data by county click here.