Rep. Doris Matsui Votes to Provide Increased Unemployment Benefits
FOR IMMEDIATE RELEASE
Thurs., June 12, 2008
CONTACT: Lauren Smith (202) 225-7163
Rep. Doris Matsui Votes to Provide Increased Unemployment Benefits
Latest Unemployment Numbers Show Drastic Increase
Today, Rep. Doris Matsui (CA-05) joined her colleagues in voting to provide a much-needed increase in unemployment insurance benefits. Acting quickly in response to last Friday's unemployment report, the Emergency Extended Unemployment Compensation Act will provide extended unemployment benefits to jobless workers in every state.
andquot;Hard-working men and women are struggling in light of the current economic turmoil. With the skyrocketing cost of gas and groceries, American families need relief. We need to do more to help those who have lost their jobs in an economy on the brink of recession,andquot; said Rep. Matsui.
Americans across the country are facing rising costs of living-and we have just seen the largest monthly increase in unemployment in 20 years. For the fifth straight month, the economy lost jobs and unemployment rose from 5.0 percent in April to 5.5 percent in May. The economy has lost nearly 325,000 jobs this year and 8.5 million Americans are unemployed.
In Sacramento, the unemployment level hovers above six percent. The bill will benefit 700,000 people in California and 3.8 million unemployed people across the country. It provides up to 13 weeks of extended unemployment benefits in every state to workers exhausting the 26 weeks of regular unemployment benefits. In states like California with higher levels of unemployment, an additional 13 weeks would be available, for a total of 26 weeks of extended benefits.
andquot;Extending unemployment benefits is one of the most cost-effective and fast-acting ways to stimulate the economy. We must keep fighting to turn our economy around and lend temporary relief to hard-working families in need while we find comprehensive solutions to stabilize our economy in the future,andquot; said Rep. Matsui.
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