Unemployment Benefit 2014 News: Unemployment Rates Update - U.S. Jobless Rates Fall, Extended Benefits?

Recently, Congress terminated the Emergency Unemployment Compensation (EMC) program which was created as a temporary measure back in 2008 when the economic crisis hit America and hurt businesses and employees.

The program, which was supposed to be renewed in January, allows over 3 million jobless Americans to receive monetary benefits.

Under the Emergency Unemployment Compensation program, Americans who were unemployed for 26 weeks will be given extended monetary assistance.

However, some policy leaders, specifically House Republicans including House Speaker John Boehner will not support any bill that does not aim to create jobs and help the economy. He said that it is hard to justify another extension of the program when the economy is currently putting a large number of Americans back to work.

Furthermore, Boehner also made strong statements about the country's unemployed, "I think this idea that's been born over the last - maybe out of the economy --over the last couple of years that, you know, I really don't have to work. You know, I don't really want to do this; I think I'd just rather sit around. This is a very sick idea for our country," he said in a statement via Fight Back News.

U.S. President Obama has made ways to restore the program and commented on Congress' decision to let the program expire in his State of the Union address.

However, with 31 states reporting a decline in unemployment rates last September, and with the job recovery process in full swing the Emergency Unemployment Compensation program looks like a far-fetched idea.

Applications for unemployment benefits in the United States dropped last week to its record-low in the last 14 years.

Furthermore, applications for unemployment claims went down dramatically by 23,000 last week, the lowest number since April 2000 and lower than what analysts have even predicted.

The Labor Department data also revealed that employers have added 248,000 workers to payrolls in September.