Showing posts with label Unemployment Compensation Uneomployment Insurance JOBS Act UI Congress. Show all posts
Showing posts with label Unemployment Compensation Uneomployment Insurance JOBS Act UI Congress. Show all posts

Monday, May 23, 2011

Heather Boushey, Jordan Eizenga: The JOBS Act is not about jobs

  House Republicans introduced the Jobs, Opportunity, Benefits, and Services Act of 2011 or, as they prefer to call it, the JOBS Act of 2011, on May 11, 2011. To be clear, the JOBS Act, which provides an incentive for states to cut unemployment benefits, is less about creating jobs and more about hurting those who have lost one. The JOBS Act would greatly weaken an already fragile unemployment insurance system, jeopardize our still-fragile economic recovery, and provide undue hardship to millions of households. Congress should reject this legislation and instead focus on policies that create jobs and strengthen our economy.

  The JOBS Act makes eligibility for unemployment insurance, or UI, benefits conditional upon possessing or currently pursuing a high school education. It also allows states to use federal unemployment funds for purposes other than providing UI benefits. These changes would have a profoundly negative impact on both the UI system itself and the economy. For instance, the Economic Policy Institute estimates that the JOBS Act could result in between 65,000 and 136,000 fewer jobs than under current law.