Emergency Ui News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There is something like 20 million people out there unor under employed. your point is well taken about the long-term unemployed and engs extension, former extensions of emergency ui. congress has never allowed the program to expire when we've had this many long-term unemployed. in fact, it's precisely because of times like this that you need the emergency extension and the implications of a an exploration are very dark on the microlevel, as you imagine, people need the money, given the absence of employment opportunities for them. but also at the macrolevel. this actually hurts an economy tha...

Kind of just let 2 million families -- >> it should be extended in my view. the 7% unemployment rate is about where the unemployment rate is in the typical recession. it's still very difficult. if you consider the people who were under employed and given the low wage growth, i think the economy is much too weak at this point. the way the current emergency iu program is structured it does phase out as unemployment rates come in, then people get less emergency ui. it happens state by state. the way it's structured phases out. >> there's still unemployment benefits. this is just extended unemploy...

That's part of it. it could be that -- that the expiration of emergency unemployment insurance benefits for some workers, you know, some workers have now been unemployed for a long time. they are running out of the 99 weeks of benefits you can get under emergency ui in some states, and the result is that they are stepping in and now working, finding a job. they are not in unemployment. that's weighing on the labor force. you know, we've seen big recent declines in the participation rate of female workers, you know, female participation is up. it's a conflufns thinence of th >> mark zandi, mood...

For some workers, you know, some workers have now been unemployed for a long time. they are running out of the 99 weeks of benefits you can get under emergency ui in some states, and the result is that they are stepping in and now working, finding a job. they are not in unemployment. that's weighing on the labor force. you know, we've seen big recent declines in the participation rate of female workers, you know, female participation is up. it's a conflufns thinence of th >> mark zandi, moody's analytics, thanks for helping me break it down. >> thanks, chuck. >> mitt romney's southern charm co...