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IMPROVING MICHIGAN ECONOMY SIGNALS DROP IN FEDERAL JOBLESS BENEFITS

 IMPROVING MICHIGAN ECONOMY SIGNALS DROP IN FEDERAL JOBLESS BENEFITS
 DETROIT, Oct. 26 /PRNewswire/ -- Michigan's declining jobless rate will cause a reduction in federal unemployment benefits beginning today, Oct. 26, F. Robert Edwards, director of the Michigan Employment Security Commission (MESC), announced today.
 "Starting this week, Michigan will pay up to 20 weeks of federal Emergency Unemployment Compensation (EUC), instead of the previous maximum of 26 weeks," Edwards said.
 The change is occurring because the state's six-month average unemployment rate has fallen below 9.0 percent, which is the threshold necessary for the higher duration of benefits.
 "The reduction in weeks affects only those filing new EUC claims on or after Monday, Oct. 26," Edwards explained. "Those already in the program will not be affected by the change."
 From November 1991 when EUC initially began to September 1992, about 165,000 jobless Michigan workers have received EUC benefits, totaling more than $567 million. On average, Michigan claimants have been receiving approximately $200 a week in EUC benefits.
 The EUC program provides federally funded jobless benefits to those who exhaust their state unemployment benefits. Through EUC, claimants receive one week of federal jobless benefits for each week of state benefits they collected, up to the allowable maximum. The MESC will continue accepting new EUC claims through March 6, 1993.
 MESC administers the program in Michigan.
 -0- 10/26/92
 /CONTACT: Norman Isotalo of the Michigan Employment Security Commission, 313-876-5488/ CO: Michigan Employment Security Commission ST: Michigan IN: SU:


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Publication:PR Newswire
Date:Oct 26, 1992
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