OECD Warns Of ‘Muted’ Recovery, Criticizes Congress For Allowing Unemployment Benefits To Lapse

Posted by Trish Riley, July 8, 2010

An international economic organization criticized the U.S. Congress on Wednesday for allowing extended unemployment benefits to lapse at the end of May, a move that thus far has denied more than 2 million Americans a critical lifeline during the worst economic downturn since the Great Depression.

In its report on the global employment outlook, the Organization for Economic Cooperation and Development noted that a “particularly worrisome feature” of America’s deep recession is the high number of workers who have been unemployed for more than six months.

via OECD Warns Of ‘Muted’ Recovery, Criticizes Congress For Allowing Unemployment Benefits To Lapse.