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IPFS News Link • Employment & Jobs
"In the two and a half weeks since June 1, when the last extension expired, some 903,000 workers have seen their benefits cut off. By June 26, that number will top 1.2 million.
Meanwhile, the Labor Department reported that the number of new claims for unemployment compensation jumped to 472,000 last week, the highest figure in several months.
The result is that a Congress that rushed through a $700 billion bailout of Wall Street in October 2008 in a matter of days, and authorized a further financial windfall to the banks and speculators five months later, cannot bring itself to support even the most meager subsistence for the unemployed workers who are the victims, not the perpetrators, of the economic crisis."
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"According to press reports, leading Senate Democrats are seeking to win votes from the bill’s opponents by eliminating a $25 a week increase in jobless benefits that was part of the 2009 stimulus package. In other words, either all 10 million jobless workers would
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