Quick Takes | Jobs and Unemployment

EPI applauds Senate passage of unemployment insurance extension

The unemployment insurance extension the Senate passed today will help millions of deserving Americans survive an economic calamity. It will also generate 257,000 payroll jobs or 382,000 full-time equivalents, when all the additional hours of work are included.
This bill is a bargain. Thanks to the higher revenues government will receive because of increased economic activity, the true cost of the bill will be only $13.5 billion, about $35,000 per full-time equivalent job created or saved. –Ross Eisenbrey


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