The 99er Tier 5 unemployment extension is very important to workers who have been without a job for over 99 weeks or almost (or over) 2 years. However, jobless data released today indicates that claims decreased more than expected. Given that this is “good” news, will opponents use it as a metric to show that the economy is turning around and the unemployment extension isn’t needed?
I would beg to differ. A consistently declining jobless claim data would actually point for a tier 5 extension in a more favorable light. Why? It shows that the 20 weeks could be enough for many of the 99ers (at that time, 119ers) to find work.
Some of the opponents of the bill claim that even if the extension is passed, it just prolongs the problem. They claim that at the end of the 5th tier, a tier 6 would be needed, then a 7 and so on and so forth. However, if jobless claims decrease and the economy is adding jobs that will no longer be the case.
A tier 5 extension is still needed right now, even if the situation is getting better. The recently released data could be an indication that things are turning around – or it could just be a fluctuation of the rate.