Workforce development updated its page today and seems to indicate that if you were receiving unemployment, but were cut off after 26 weeks and before 99 weeks you should “expect a letter”. Note that there is a phone line, though, to answer questions: 1-888-998-8418. the link above is where to get updates and “how to” information as it becomes available.
Will the reinstitution of extended unemployment benefits stem the 25% jump in bankruptcies and 57% increase in foreclosures so far this year?
I know one thing; that level of bankruptcy, albeit a lagging indicator, and doubling in completed foreclosures is NOT good news for a sustained, healthy recovery which would require at least stabilization in real estate values.
Rep. Bowles, Rep. Sannicandro and his colleagues are to be commended for over riding the veto of Workforce Development Training Funds for that very reason.
There is no better bang for the buck then training Massachusetts workers for Massachusetts jobs. Employed citizens mean drops in bankruptcy, drops in foreclosure and stabilizing real estate prices – and healthy tax rolls. And the fact is that Massachusetts has had to “import” workers for many jobs that require training; there was a shortage of 90,000 trained workers just a couple of years ago. This story from Bristol Community College is one of many on this topic.
And, again, how about reviewing and pruning the Tax Expenditure Budget – Both our state and the federal government have so-called tax expenditure budgets – the giveaways, exemptions, and incentives that mean foregone government revenue.
Prune the “tax expenditure budgets”, not extended unemployment or workforce training funds!