Labor & Economic News Blog

Friday, November 21, 2008

Unemployment benefits drying up; Georgia's stable

Unemployment benefits drying up; Georgia's stable
The safety net for the nation's unemployed is fraying just as the country heads into a serious downturn. The system created 73 years ago by President Franklin Roosevelt to help out-of-work Americans weather the Great Depression is straining to make it through the current economic crisis. In fact, many states will not be able to pay unemployment benefits in a protracted recession without federal help, experts predict. "States are in worse shape now than they were in 2000 in terms of getting ready for a recession," said Rick McHugh, a staff attorney for the National Employment Law Project, which recently analyzed the health of the country's multibillion-dollar unemployment benefits system. "Some states are going to have a very tough time."

 



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