Canadians running out of EI: report (unemployment benefits)

[marmar]

via CBC News:



Canadians running out of EI: report

Last Updated: Monday, January 25, 2010 | 4:03 PM ET
CBC News


Hundreds of thousands of unemployed Canadians could see their benefits run out with no job prospects in sight, according to an analysis the Canadian Labour Congress released Monday.

The analysis by CLC chief economist Andrew Jackson found that 500,000 Canadians who initiated EI claims in 2009 could exhaust their benefits before finding a new job despite Ottawa's move to extend Employment Insurance benefits by five weeks.

His report found there were 120,000 more unemployed Canadians unable to collect benefits as of October 2009 compared with before the recession hit in October 2008.

"We can expect that the total number of new regular claims in 2009 will hit about two million," Jackson said in his report, written for the Canadian Centre for Policy Alternatives. ..........(more)

The complete piece is at: http://www.cbc.ca/money/story/2010/01/25/ei-benefits-running-out.html

[BunkerHill24]

1. unlike United States, Canadians contribute their unemployment insurance

so where is the money?

[HeresyLives]

2. Their personal benefits have run out.

The fund itself is still available.