83,000 Nevadans and nearly 7 million Americans would lose coverage if unemployment benefits are not reauthorized
December 2, 2010
Washington, D.C. – Following the release of a report today by the Council of Economic Advisors (CEA), Nevada Senator Harry Reid urged swift passage of unemployment insurance benefits to prevent the imminent job loss detailed by the report. The CEA report found that extended unemployment benefits have provided a lifeline to more than 184,000 Nevadans and that as of September there would have been 800,000 fewer jobs nationwide. Failing to reauthorize the extended benefits will have dire consequences. It would leave 83,000 Nevadans and nearly 7 million Americans without the safety net that has thus far bolstered the typical household income by one-third, and it could result in the loss of an additional 600,000 jobs by the end next year.