Calculated Risk points out something that we’ve mentioned many times but probably bears repeating, that the 13 month unemployment benefits extension, even if it passes in the next few days, will do nothing to help the 99ers, the long-term unemployed who have already exhausted all of their state and federal benefits.
Just to be clear, the “extension of the unemployment benefits” is an extension of the qualifying dates for the various tiers of benefits, and not additional weeks of benefits. There is no additional help for the so-called “99ers”.
Emergency Unemployment Compensation (EUC) comes in four tiers:
Tier I is for 20 additional weeks;
Tier II is for up to 14 weeks;
Tier III is for up to 13 weeks;
Tier IV is for up to 6 weeks.
As an example, if a worker was receiving Tier I benefits, they will be able to move to Tier II benefits with this proposed extension. Without the extension of the qualifying dates, workers would not be able to move to the next tier.
The 99ers are demanding a Tier V be added for the long-term unemployed but it seems highly unlikely that Congress will act on that demand now or in the foreseeable future.