It’s not just consumers and corporations struggling through the newly acknowledged recession. The National Conference of State Legislators is raising serious alarm bells about the states’ unemployment trust funds being drained dry and quickly.
Congress threw laid-off workers a life line last week when it again extended unemployment benefits but some got a bit more of helping hand than others.
A little explained clause in the bill signed by President George W. Bush last week specifies that the length of the extension depends on the state’s unemployment rate. For Colorado workers, a slim three-tenths of a percent makes a big difference.
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