Stop unemployment benefits cost the American billion dollars a week

Stop unemployment benefits cost the American billion dollars a week

The government stopped subsidies for 1.3 million citizens because they are unemployed for a long time

Senior economist estimated that the U.S. economy losses of up to one billion dollars per week , that these losses start since the beginning of the new year , due to the introduction of a complete cessation of government subsidies received by the unemployed for long periods .The government stopped subsidies paid by the U.S. for more than 1.3 million U.S. citizen because they are unemployed for a long time , and in an attempt to push them into a serious search for jobs to enable them to fend for themselves .And as much as an economist and professor at Harvard University, Lawrence Katz losses to the U.S. economy up to one billion dollars a week because of this decision , and relying on future expectations official announced by the U.S. government on the economy.The agreement between Republicans and Democrats on the budget guarantee to stop government assistance for the unemployed who have exceeded the six -month period of unemployment , which means that Americans have to get a new job within six months of losing all their jobs .Professor Katz said to the British newspaper The Guardian that "there are multiple effects on the U.S. economy because of this reduction in spending ," adding that these subsidies amounting to 400 million dollars, but their absence cost the U.S. economy losses of between 600 million and one billion dollars per week .