On May 12 the Federal government will no longer admit to the existence of 193,00 citizens who are at of work.
At that point, since they will no longer be receiving unemployment checks the Feds will no longer consider them part of the work force, meaning the unemployment rate goes down as the number of unemployed go up.
“Time is running out for 93,000 jobless workers in California. The state’s Employment Development Department said that a federal extension for unemployment benefits will expire on May 12.
More than 100,000 workers who might have qualified for the 20-week extension shortly also won’t get the extended help.”
A total of 193,000 people will disappear, so Obama can claim his policies are working and America is in “recovery”. Of course real people understand he is lying and has decided his destiny is more important than yours.
Sacramento Business Journal by Melissa Wiese, 4/25/12
Time is running out for 93,000 jobless workers in California. The state’s Employment Development Department said that a federal extension for unemployment benefits will expire on May 12.
The state no longer qualifies for a federal extension program called FED-ED, usually the last extension of unemployment benefits, according to EDD.
More than 100,000 workers who might have qualified for the 20-week extension shortly also won’t get the extended help.
EDD said it’s in the process of notifying unemployed people who are getting extended benefits under the program. The agency said it would provide information and other resources to help those people find other ways to get help.
“The particularly harsh recession left many people unemployed for long periods of time,” Pam Harris, director of EDD, said in a news release.”The FED-ED program is designed to end once a state’s economy starts to significantly improve. Still, we know this is hard on our clients. We’re doing everything we can to get word out so they can plan accordingly.”
During the last three years, 912,445 people in the state have received extended benefits under the federal program, according to EDD.
The extension was designed to help workers after the initial 26 weeks of regular unemployment benefits paid by the state, as well as other tiers of federal benefits. During the downturn of the economy, jobless workers could have received as many as 99 weeks of benefits – including 53 weeks from the federal government.
The state’s estimated jobless rate is 11 percent. More than 1.1 million people are eligible for jobless benefits, and most of them are receiving some sort of federal extension, the state said.