79,000 New Jerseyans to lose jobless benefits on Saturday
FRIDAY, DECEMBER 27, 2013 LAST UPDATED: FRIDAY DECEMBER 27, 2013, 11:06 PM
BY HERB JACKSON
WASHINGTON CORRESPONDENT
THE RECORD
An estimated 79,000 people in New Jersey — which comes out to a higher percentage than any other state — are being dropped from the unemployment rolls starting Saturday as Washington debates whether emergency benefits begun in 2008 are still needed.
The Obama administration says they are, because unemployment nationally is higher now at 7 percent than it was when the aid was begun, and Congress in the past has always waited for unemployment to drop below pre-recession levels before scaling back benefits.
By the numbers
Saturday is the last day that about 1.3 million people nationwide will be eligible for extended unemployment insurance.
In New Jersey, 79,000 will lose benefits.
Over the next three months, another 48,000 in the state will lose benefits.
New Jersey’s unemployment rate is 7.8 percent.
The national unemployment rate is 7 percent.
Source: U.S. Department of Labor
Continuing the payments comes at a cost — the price tag on yearlong extension would be about $25 billion — and in this era of budget austerity that is a major stumbling block
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I think almost two years of unemployment benefit is quite enough. It might be a tough market these days but you have to eventually incentivize people into realizing that their working worth is not what they want it to be.
Time to find a job!
They need more DPW workers in Ridgewood.
When a Ridgewood resident making 200k loses a job unemployment does not begin to cover household expenses. Entire families are thrown into chaos. Should they just have a tag sale take a loss on the house and move away? They are already using the food pantry.
It is easy to judge others and pretend that a lifeline is akin to winning the lottery.
Some of the same resident use to look down their nose’s at people making less or living in small houses.
I guess the problem is if you make 200k & don’t save for a ‘rainy day’ its your problem.
Keeping up a ‘front’ with new cars, big houses, and fancy vacations has its ‘price’.
Unfortunately we seem to be overpopulated in town with social climbers more interested in ‘appearances’ than substance.
Call the realtor. Put up the for sale sign…back to Bergenfield!
#4.. good point… the other is a lot of the 6 figure finance related jobs in NYC are gone for good… that does not bode well for towns in northern Bergen county, Westchester and the LI suburbs…
There’s always someone willing to pay to live in Northern Bergen County.
Notice there is changing demographics in town.
Wall Street is a primary employer, but lots of the newbies are in computers or own their own business.(as least the new ones in this neighborhood)