(JOHANNESBURG) – Today, Congressman John Conyers, Jr. (D-Mich.) highlighted a report prepared by the Democratic Staff of the U.S. House Ways & Means Committee showing that 43,800 people in Michigan would immediately lose all of their unemployment insurance on December 28th if Congress fails to extend the Emergency Unemployment Compensation program. Further, the report shows that an additional 86,500 Michiganders will lose access to unemployment insurance in the first six months of 2014 if Congress does not act. For reference: federal unemployment insurance took effect in 2008 and has been reauthorized several times since then as the United States continues to recover from the financial crisis and Great Recession. Failure to extend unemployment insurance will hurt job growth throughout the country, with the White House Council of Economic Advisors estimating that in Michigan alone, failure to extend the insurance program will cost the state 8,450 jobs. After the release of this report, Rep. Conyers issued the following statement:
John Conyers, Jr.
“As we continue to recover from the aftermath of the worst economic crisis since the Great Depression, its critically important that Congress renew federal unemployment insurance that protect families as the holiday season approaches. Rather than treat unemployment insurance as a bargaining chip in budget negotiations, I urge my colleagues to consider the high financial stakes for thousands of families in Michigan and across the country. Failing to extend this vital program would cut off a lifeline for job seekers trying to get back on their feet. To strengthen these families and the American economy, Congress must act to extend this crucial program before leaving Washington.”