In an effort to extend benefits to over one million Americans whose emergency unemployment coverage expired, a White House economic adviser said there is a 3-to-1 ratio in the number of unemployed looking for jobs.
Gene Sperling, leading economic adviser to President Obama and director of the National Economic Council, is pushing to renew the Emergency Unemployment Compensation program, which provided benefits to some 1.3 Americans before it was abruptly terminated on Dec. 28. Continue reading “Three unemployed Americans for every one job opening, admits Obama adviser”

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