White House Report Defends Jobless Benefits

3:14 PM, Dec 5, 2013   |    comments
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David Jackson, USA TODAY

Seeking to pressure Congress into extending soon-to-expire unemployment insurance, President Obama's team issued a report Thursday saying the program benefits the economy as a whole.

"The Emergency Unemployment Compensation (EUC) program authorized by Congress in 2008 has provided crucial support to the economy and to millions of Americans who lost jobs through no fault of their own," the White House said in a statement about the report.

The program is currently set to expire Dec. 28.

"This report argues that allowing EUC to expire would be harmful to millions of workers and their families, counterproductive to the economic recovery, and unprecedented in the context of previous extensions to earlier unemployment insurance programs," the White House said.

It also noted: "Despite 10 consecutive quarters of GDP growth and 7.8 million private sector jobs added since early 2010, the unemployment rate is unacceptably high at 7.3 percent, and far too many families are still struggling to regain the foothold they had prior to the crisis."

The next jobs report will be released Friday.

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