Bit of term 1 recap for Y12s – long term unemployment. Since the recession of 2008, people have found themselves unemployed for long periods of time. This issue is of paramount importance to Governments around the world due to its negative effects on the economy and society as whole.
In order to prevent long term unemployment, Government’s usually provide Unemployment Benefits specifically directed towards these persistently unemployed citizens. Recently, the US Government has delayed the renewal of this benefit, leaving 1.3 million Americans cut off from such aid. This has sparked debate within the Government on whether or not to renew this bill.