Unemployment Insurance Extension available immediately in Illinois

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CHICAGO — About 150,000 new Illinois residents will benefit immediately from the emergency federal extension of unemployment insurance, Gov. Rod R. Blagojevich recently announced.

The legislation guarantees an additional seven weeks of unemployment insurance for unemployed Illinois workers actively seeking work. If specific benchmarks are reached, an additional 13 weeks of eligibility may be available.

“In this national economic crisis, we need to make every effort to help our residents move forward so they can buy food, heat their homes and afford their medicine,” Blagojevich said. “This extension of unemployment insurance benefits will provide help right now for those who need it the most. My thanks go out to our president, president-elect, and our entire Illinois delegation for helping Illinoisans in this difficult time.”

On Nov. 21, President George W. Bush signed into law the two-tiered emergency unemployment insurance extension. Rules and regulations on how to implement the law were provided late on Nov. 26. The extension is the second of the year. In June, Bush signed into law the original 13-week extension which took effect in July.

Since July, more than 100,000 Illinois residents sought the original emergency benefits. A total of 38,750 Illinois claimants already have exhausted those benefits, and as many as 55,000 could run out by March 2009.

The extension was a direct result of the worsening national economic climate that continues to weigh heavily on the state’s economy. In October, the Illinois seasonally adjusted unemployment rate was 7.3 percent. The Illinois economy recorded its fifth consecutive month of job loss (-11,700) for the first time in more than five years. The monthly job loss brings Illinois’ total job loss so far this year to -50,400.

Similarly, the national seasonally adjusted unemployment rate in October was 6.5 percent — a 14-year high.

The national economy recorded its tenth consecutive month of job loss (-240,000). The monthly job loss brings the national total job loss so far this year to -1.2 million. The figures are according to the U.S. Department of Labor, Bureau of Labor Statistics (BLS) and the Illinois Department of Employment Security (IDES).

“Our current economic environment requires national attention, and I am glad that our federal officials agree,” said Maureen O’Donnell, director of the Illinois Department of Employment Insurance. “This extension is critical to helping Illinois families, just as a federal infrastructure investment is critical to addressing the nation’s faltering economy.”

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