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Old 07-01-2013, 01:11 PM
 
Location: Johnson City, Tn
973 posts, read 1,301,680 times
Reputation: 784

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NC becomes 1st state to drop federal jobless funds



RALEIGH, N.C. - With changes to its unemployment law taking effect this weekend, North Carolina not only is cutting benefits for those who file new claims, it will become the first state disqualified from a federal compensation program for the long-term jobless.

State officials adopted the package of benefit cuts and increased taxes for businesses in February, a plan designed to accelerate repayment of a $2.5 billion federal debt. Like many states, North Carolina had racked up the debt by borrowing from Washington after its unemployment fund was drained by jobless benefits during the Great Recession.

The changes go into effect Sunday for North Carolina, which has the country's fifth-worst jobless rate. The cuts on those who make unemployment claims on or after that day will disqualify the state from receiving federally funded Emergency Unemployment Compensation. That money kicks in after the state's period of unemployment compensation - now shortened from up to six months to no more than five - runs out. The EUC program is available to long-term jobless in all states. But keeping the money flowing includes a requirement that states can't cut average weekly benefits.

Because North Carolina leaders cut average weekly benefits for new claims, about 170,000 workers whose state benefits expire this year will lose more than $700 million in EUC payments, the U.S. Labor Department said.




Rest of the story at : NC becomes 1st state to drop federal jobless funds - WJHL-TV: News: Weather, and Sports for Johnson City, TN
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Old 07-01-2013, 01:25 PM
 
Location: Wisconsin
23,175 posts, read 49,228,426 times
Reputation: 17697
Yes, we know:

NC Major Changes: Halting EUC as of July 1; reducing max benefit to $350 (from $530); reducing max wks to 20, or less

July 1st changes in NC unemployment
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Old 07-01-2013, 01:27 PM
 
Location: Johnson City, Tn
973 posts, read 1,301,680 times
Reputation: 784

I did not see those before. This just came across our local news. Thanks.
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Old 07-01-2013, 03:07 PM
 
2,351 posts, read 2,857,453 times
Reputation: 1982
So then, how will this effect the local economy?
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Old 07-01-2013, 03:08 PM
 
2,351 posts, read 2,857,453 times
Reputation: 1982
Probably crush it.
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Old 07-01-2013, 03:13 PM
 
Location: Wisconsin
23,175 posts, read 49,228,426 times
Reputation: 17697
Yabut - your politicians feel this will IMPROVE your economy because the lower UI taxes will encourage businesses to move to NC.
So, fasten your seatbelts and get ready for the economic boom.

We have the same dumba$$ thinking in WI (except they weren't cutting UE - just breaking the unions) and right now we're 49th in job growth in the country.

Gotta love it. It never ends with these morons.
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Old 07-01-2013, 05:40 PM
 
1,828 posts, read 4,347,895 times
Reputation: 598
Keep sticking it to the middle class! So when another Great Recession comes you get 20 weeks. I would be livid if this were to happen in my state. I would have went under if I didn't get the 99 weeks. I used 97 of them! I'm already ticked at the Governor for cutting it to 20 weeks of state benefits when people were still struggling.
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Old 07-01-2013, 06:49 PM
 
48,508 posts, read 87,853,225 times
Reputation: 18157
well then plan because the norm is 26 weeks most times in most states.
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Old 07-01-2013, 07:48 PM
 
Location: Wisconsin
23,175 posts, read 49,228,426 times
Reputation: 17697
Quote:
Originally Posted by texdav View Post
well then plan because the norm is 26 weeks most times in most states.
And, what, exactly do you mean by this? Your post doesn't make any sense.

'Nother hit'n run guy, who only responds to the most recent post on a thread, never returns to that thread to explain what he means, or read corrections to his erroneous posts, and continues to repeat the same nonsense.

I see you're up to 18 different threads since noon today, with nary a repeat.
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Old 07-02-2013, 07:14 AM
 
8,110 posts, read 5,356,831 times
Reputation: 16289
Here's my question:

How come last year Congress allowed Pennsylvania, Indiana, Arkansas and Rhode Island to cut their weekly benefits and also approved a variance so residents would continue to receive extended Federal benefits? North Carolina sought the same exception to the federal law two months before voting to change unemployment benefits, but never received a response.

Yes, NC reduced weekly payments for those collecting the maximum benefit from $535 to $350 causing the benefit to fall from the highest in the Southeast to comparable with neighboring states. But, NC is not culpable in ending the Federal Extended benefits. That falls squarely on the Federal government who refused to give NC the same consideration it extended to 4 other states.
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