"Today’s jobs report makes clear that, despite improvements this year, the labor market is still not strong enough for policymakers to let emergency federal unemployment insurance (UI) expire as scheduled during Christmas week. In particular, long-term unemployment remains much higher than when any of the emergency federal UI programs that policymakers enacted in each of the previous seven major recessions expired." Read more
- Today’s Jobs Report in Pictures
- Chart Book: The Legacy of the Great Recession
- Key Things to Know About Unemployment Insurance
- Policy Basics: How Many Weeks of Unemployment Compensation Are Available?
- Policy Basics: Unemployment Insurance
Over a million unemployed Americans who have been looking for work for at least six months will receive no further federal jobless benefits after Christmas week if Congress does not renew the Emergency Unemployment Compensation (EUC) program, which expires at the end of the year. Many more who lost their jobs more recently or will lose them in coming months will get no additional help in 2014 beyond their regular state-funded jobless benefits.
The premature turn towards budget austerity since 2010 has been a drag on economic growth and job creation. Extending EUC would help offset that drag as well as reduce hardship among jobless workers and their families. In contrast, letting EUC expire would increase hardship and cost the economy jobs. Read more
Facing Our Fiscal Challenges
Senate Budget Committee Chair Patty Murray (D-WA) and House Budget Committee Chair Paul Ryan (R-WI) have said they intend to focus the recently started budget negotiations on replacing sequestration (in whole or in part) for the next year or two with alternative deficit-reduction measures.
An agreement to ease the sequestration cuts should reflect the following principles:
- Any relief from sequestration should be evenly split between defense and non-defense programs.
- The savings needed to replace sequestration should come from both spending cuts and revenues.
- Policymakers should design sequestration relief to help the still-struggling economy.
Policymakers have an opportunity to strengthen the economy and undo some or all of the sequestration cuts for the immediate future by replacing them with better designed, better timed deficit-reduction measures.
Policymakers in both parties have criticized sequestration as shortchanging important domestic investments — including scientific research, public health, law enforcement, education, and environmental protection — and forcing significant defense reductions. This chart book provides context on deficits, the economy and ways to evaluate new deficit-reduction proposals.
More: Economy Analyses
Hardship in America
As a House-Senate conference committee considers changes to SNAP as part of the Farm Bill, some critics have called for large SNAP cuts in part on the grounds that SNAP is growing out of control. But recent data show that that the spending growth has ended and that SNAP is following the pattern of previous recessions, as CBO and other experts expected. Read more
- Cuts in House Leadership SNAP Proposal Would Affect Millions of Low-Income Americans
- November 1 SNAP Cuts Will Affect Millions of Children, Seniors, and People With Disabilities
- SNAP Enrollment Remains High Because the Job Market Remains Weak
- Food Assistance analyses
New From the Center
December 4, 2013
Revised November 22, 2013
November 19, 2013
November 12, 2013
November 8, 2013
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Center in the News
The Disturbing Rise of Income Inequality in 3 Charts
U.S. News and World Report
December 6, 2013
The case for extending unemployment insurance, in one chart
The Washington Post