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Friday, December 23, 2011
Unemployment Benefits Extended Along With Payroll Tax Break
The payroll tax break compromise now up for a vote on Friday also extends unemployment benefits, but they may not be what the hardest hit need.
The 5 million people who would have lost unemployment benefits next year would likely benefit from job training more than anything, Welch Consulting’s chief economist Stephen Bronars, said.
“Job openings are way up and layoffs are down but people out of work are having a hard time finding it,” Stephen Bronars, chief economist with Welch Consulting said. “The people who have the least skills in vocation don’t really match up with the jobs advertised. Those people are having a really hard time.”