Federal Spending on Long-term Unemployment Compounds Budget Woes

Publication: The Hill

Author: Vicki Needham


04/05/2010 - Federal spending on unemployment benefits could eclipse $165 billion this year, five times greater than in 2005, adding to growing budget woes, according to a study released Monday by the Pew Fiscal Analysis Initiative.

As the pool has grown of Americans out of work for a year or more -- 3.4 million or 23 percent of the workforce -- costs have risen exponentially, increasing from $33 billion five years ago to an expected $168 billion this year, half of which goes toward unemployment benefits beyond 26 weeks, according to the report.

Read the entire article Federal Spending on Long-term Unemployment Compounds Budget Woes on The Hill Web site.

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