Despite predictions that the “Great Recession” is running out of steam, the House (Washington) is expected to pass a bill that would extend unemployment insurance benefits by 13 weeks. The extention would supplement the 26 weeks of benefits already offered by California. Critics of the bill are already weighing in that in their opinion such a measure would be a disincentive to looking for work and that extending the benefits would be at a time when the economy is showing signs of recovery could be counterproductive.
I can tell you that the number of unemployment claims processed by Potts & Associates have been diminishing over the past several months which, for us, is a sign that our clients may have stabilized their respective workforce or have substantially slowed down in laying off staff. Either way it is a good sign on a smaller state and national scale. Hopefully by the end of the year we can all be looking toward a more promising 2010.