Wisconsin's improving jobless rate will soon mean the loss of federal funds extending unemployment benefits. Wisconsin's three-month unemployment rate has dropped below 7 percent, to 6.9 percent.
Wisconsin offers up to 26 weeks of unemployment insurance benefits. In June 2008, the Emergency Unemployment Compensation, EUC, program was created to to provide benefits to individuals who had exhausted regular state benefits.
Federal funds offer three additional tiers of benefits; two tiers of an additional 14 weeks, plus a third tier allowing an additional nine weeks--- for a total of 63 weeks.
The nine-week additional emergency compensation program expires on September, 14.
The state Department of Workforce Development says the change means the maximum number of weeks someone is eligible to collect UI benefits will drop to 54, instead of the current 63 weeks.
The EUC program has been modified several times since it's introduction. Tier 1 and Tier 2 of the federal benefits are scheduled to discontinue on December, 28, 2013.
Click here to learn more about unemployment benefits from the Wisconsin Department of Workforce Development.
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