U.S. Deptartment of Labor (DOL)****

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*THE ECONOMIC IMPACT OF UNEMPLOYMENT INSURANCE*

http://www.dol.gov/dol/maps/euc/euc.htm****

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AND****

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*Unemployment Insurance Extensions and Reforms in the American Jobs Act *[December 2011]**

http://www.whitehouse.gov/sites/default/files/ui_report_final_121511.pdf****

[full-text, 28 pages]****

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For 76 years, the Unemployment Insurance system has helped workers, families, and the American economy get back on their feet. In 2009 and 2010, congress strengthened unemployment insurance for those out of work longer than six months, and helped 17 million people as our nation recovered from the deepest recession since the Great Depression. Last year, the President brokered a bi-partisan compromise that kept 7 million Americans from losing this lifeline in 2011. ****

Without action from Congress by the end of the year, 5 million people –who lost their jobs through no fault of their own – would be left without the support they desperately need. ****

*Unemployment Insurance doesn't just help you or your neighbor, it helps entire communities.*****

**[image: *] **According to the Census Bureau estimates, unemployment insurance kept 3.2 million Americans from falling below the poverty line in 2010 alone. ****

**[image: *] **A study commissioned by the Labor Department under the Bush administration showed that for every dollar spent on unemployment benefits, two dollars are pumped back into the economy. ****

**[image: *] **The Council of Economic Advisors estimates that in 2009 and 2010, GDP was boosted by 0.8% and 800,000 more jobs were created as a result of unemployment benefits for the long-term unemployed. ****

*Failure to act would mean sudden and severe consequences for American families and the American economy. *****

**[image: *] **Five million people would lose these benefits in 2012, including more than 1 million in January alone. ****

**[image: *] **By the middle of February nearly $1.0 billion in economic activity would be lost.****

**[image: *] **The Council of Economic Advisers estimates that the economy will generate nearly 500,000 fewer jobs through 2014 if federally funded unemployment insurance benefits aren't extended.****

View the maps below [click on first URL above] to see how your state would be affected and for more on how unemployment insurance helps economic recovery, read the latest report from the Council of Economic Advisers, the National Economic Council, the Domestic Policy Council, and the Department of Laborhttp://www.dol.gov/cgi-bin/leave-dol.asp?exiturl=http://www.whitehouse.gov/sites/default/files/ui_report_final_121511.pdf&exitTitle=The_White_House&fedpage=yes. ****

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**************************************** Stuart Basefsky Director, IWS News Bureau Institute for Workplace Studies Cornell/ILR School 16 E. 34th Street, 4th Floor New York, NY 10016

Telephone: (607) 262-6041 Fax: (607) 255-9641 E-mail: smb6@cornell.edu **************************************** ****