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I have been pretty good at understanding the logistics of the unemployment. No longer receiving any, I do have friends who ask me what is going on. I admit that I have no clue after reading the latest: http://www.nelp.org/page/-/UI/2012/F...ut.pdf?nocdn=1
One person in particular became unemployed January 2012 and will be finishing up the 26 weeks early July. When reading the fact sheet, it appears that there will be a complete "Cut-Off" to every person who is receiving unemployment by the end of December 2012. Naturally a job would be the best thing in the world to have but does this mean that should someone not be employed who is perhaps into Tier 2 will be cut off in NJ completely and have no resource. Please tell me if I am misreading this.
Thank you so much for you help and of course, to my friends who I have tried to explain, I ask forgiveness as I am in the dark now. Sorry, read the forum for future help.
I'm pretty sure what this is saying is that the federal government has been supplementing states with money for unemployment benefits. Once a state has an unemployment rate under a certain percentage they will no longer receive federal government subsidies so it won't be extended beyond what the state would have normally paid.
NJ unemployment will go back to the way it used to be run (26 weeks max) once our unemployment rate falls below a certain percentage (looks like 9% but I didn't read it thoroughly).
It's not NJ cutting off funds, it's the federal government that has been paying for all the extended benefits. And since there's a presidential election in process you can bet they will extend it again if there are still a large number of unemployed people out there.
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