Papers > Business > President Bush signs unemployment benefits bill
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President Bush signs unemployment benefits bill
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... Unemployment rate defines the state of the US economy. ... On January 8th, 2003 President Bush signed a bill to extend and assist another 13 weeks of federal unemployment benefits to more than 2 million jobless workers (CNN 1).
President Bush proposed to spend $3. ... The bill will pay benefits to those workers whose benefits concluded on December 2002, and would also cover 1.6 million people whose benefits are schedule to expire on May (CNN 1).
Unemployed workers who would qualify for the new extended unemployment bill are the unemployed workers who recently have liquidated their benefits and need extra support for training or work in industries or occupations that are declining in their area (Wolk 3). ... States also could choose to disburse the money directly to workers who have used all unemployment benefits. ...
Analyzing the newly passed bill in a macro economical approach we can study the issue to identify its causes and help improve the current policies that affect the unemployment. In macro economics unemployment insurance inadvertently increases the amount of frictional unemployment. Frictional unemployment is the unemployment caused by the time it takes workers to search for a job.
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Paper Information
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Title: President Bush signs unemployment benefits bill
Words: 878
Rating: None
Pages: 3.5
submitted by: shanerpark
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