This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Long-term Unemployed In Nevada Dodge Fiscal Cliff

CARSON CITY, Nev. (AP) â¿¿ Thousands of long-term unemployed in Nevada dodged a plunge off the fiscal cliff when Congress reached an end-of-the year deal on taxes.

Part of the agreement includes extending federal emergency unemployment compensation for another year.

Nearly 25,000 Nevadans faced being abruptly cut off from jobless benefits unless Congress voted to extend federal assistance.

Nevada offers 26 weeks of unemployment compensation. But with heavy job losses during the recession, the federal government extended the period in states with high unemployment like Nevada, which has had the nation's highest jobless rate since May 2010.

Jobless benefits are currently available for up to 73 weeks.

State officials say eligible recipients were notified to keep submitting weekly claims despite the uncertainly in Congress and shouldn't see a break in their benefits.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs