Expiration of Federal Unemployment Benefits to Cost Economy Over $3 Billion in January and February Alone

Feb 18, 2014

WASHINGTON – Ways and Means Committee Democrats today released a new state-by-state analysis that projects the U.S. economy will lose more than $3 billion in January and February alone due to the Dec. 28 expiration of federal Emergency Unemployment Compensation. More than 1.8 million Americans have now been cut off extended unemployment insurance because Republicans continue to block an extension of the program. The House will not reconvene until February 25.

The state-by-state projections for the two-month period are based on the total federal unemployment insurance that Americans received in each state during the last two months of 2013. Nationwide, nearly 72,000 people are losing unemployment insurance, on average, every week – adding to the 1.8 million Americans who have already lost their benefits. House Republicans have blocked multiple efforts by Democrats to bring up legislation to extend the federal unemployment benefits on the House floor. Senate Republicans this month also voted twice to block legislation to extend these benefits, including a bill that was completely paid for.

November and December Emergency Unemployment Compensation (EUC) data are not available for Louisiana, Massachusetts, Montana, and Nevada and therefore the most recent two months of available data were used for the calculation in those states.

“The loss of long-term unemployment benefits is weighing down our economy at a critical point in the economic recovery, threatening to inflict long-term damage,” said Ways and Means Committee Ranking Member Sander Levin (D-MI). “Long-term unemployment remains an enormous challenge for millions of Americans and our overall economy, which is exactly why Republicans should join with Democrats to renew this important program.”

State

Projected Lost UI in Jan/Feb 2014 (total)

 

AK

$13,865,578

 

AL

$19,224,199

 

AR

$21,053,352

 

AZ

$24,431,771

 

CA

$567,341,046

 

CO

$53,310,738

 

CT

$76,641,907

 

DC

$10,362,561

 

DE

$6,905,881

 

FL

$128,961,678

 

GA

$70,523,382

 

HI

$7,465,925

 

IA

$10,851,057

 

ID

$5,522,265

 

IL

$196,434,069

 

IN

$42,058,563

 

KS

$10,799,079

 

KY

$44,763,726

 

LA

$9,370,707*

 

MA

$101,118,536*

 

MD

$75,215,383

 

ME

$7,845,425

 

MI

$88,934,897

 

MN

$3,875,463

 

MO

$46,212,895

 

MS

$17,655,933

 

MT

$3,310,203*

 

NC

**

 

ND

$2,419,347

 

NE

$4,459,944

 

NH

$2,898,943

 

NJ

$243,385,666

 

NM

$6,808,904

 

NV

$54,252,807*

 

NY

$288,163,726

 

OH

$100,876,967

 

OK

$10,342,519

 

OR

$54,231,118

 

PA

$205,024,097

 

PR

$29,272,507

 

RI

$15,267,389

 

SC

$23,612,481

 

SD

$376,140

 

TN

$32,957,284

 

TX

$171,362,151

 

UT

$7,455,193

 

VA

$22,634,593

 

VI

$4,218,164

 

VT

$1,636,726

 

WA

$78,178,787

 

WI

$51,088,795

 

WV

$14,052,918

 

WY

$1,863,311

 

Total

$3,090,896,696

 

SOURCE: U.S. Department of Labor, "EUC Program Activity” for 11/13 and 12/13.

* November and December Emergency Unemployment Compensation (EUC) data are not available

for Louisiana, Massachusetts, Montana, and Nevada and therefore the most recent two months of

available data were used for the calculation in those states.

** North Carolina had terminated its EUC program prior to the end of 2013. 

 

 

 

 

 

 

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