The latest unemployment benefits extension seems to have come at a better time. President Barrack Obama has signed an additional 14 to 20 weeks extension of unemployment benefits for those who have exhausted their unemployment insurance or will do at the end of the year.

The extension of fourteen weeks are for all citizens in all of the fifty states who are facing benefit exhaustion before the end of the year while the twenty-week extension are for people who live in areas that has an 8.5 percent or more unemployment rates. This means that an individual living in one of these areas will receive up to 99 weeks to avail of the unemployment benefit.

In order to fund the extension, Congress will extend the payroll tax on employers set to expire at the end of the year. However, there are advocacy groups that claim the benefits extension may not be sufficient for half of those without a job to get new jobs. Some economists worry about extending the insurance further since people might be inclined not to find work and instead use the subsidy provided by the government. Some also claim that the benefits extension lets people pay their mortgages, meet their necessary costs of living, and put money back into a slowly recovering market.

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