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Austerity Federal Jobless Benefits Ending Stan Honda, AFP / Getty Images

Federal Jobless Benefits Ending

Extended federal unemployment benefits are soon to start running out, despite the decision by Congress to renew the program. The federal benefit extensions supported unemployment payments for up to 99 weeks to help the unemployed until the job market improved. When the program expired in February, Congress renewed it but reduced the number of weeks payments could be sent and made it hard for states to get the maximum amount of aid. Since then, 23 states have lost months of benefits and roughly 500,000 people are expected to lose their jobless benefits prematurely this year, including 70,000 in the next month alone.

May 28, 2012 11:37 PM