News » Top Stories

Federal Emergency Unemployment ends, IDES faces 20 percent budget cut

By WEEK Reporter

Federal Emergency Unemployment ends, IDES faces 20 percent budget cut

December 11, 2012 Updated Dec 11, 2012 at 12:57 PM CDT

CHICAGO, Ill -- The Illinois Department of Employment Security announced Tuesday that 90,000 people will no longer receive unemployment insurance on December 29.

The federal Emergency Unemployment Compensation program is ending on that date. The state's regular unemployment program will continue.

According to the IDES, every $1 in unemployment insurance generates $1.63 in economic activity because the money is spent at neighborhood businesses.

The IDES says that they are federally funded and that their funding could be cut by 20 percent.

The IDES says that they have already non-scheduled 216 intermittent employees, consolidated eight offices and vacated 10 outpost locations shared with partners.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.