CBO Releases a Report on Unemployment Insurance

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CBO Releases a Report on Unemployment Insurance
from CBO Recent CBO Publications
Unemployment insurance benefits topped $150 billion during 2010—when the annual unemployment rate peaked at 9.6 percent—up from $33 billion in fiscal year 2007.

As discussed in today’s CBO report—Unemployment Insurance in the Wake of the Recent Recession—benefits grew not only because of increased layoffs of workers, but because of several changes to the unemployment insurance (UI) system over the last few years.

http://www.cbo.gov/publication/43735