For the third time in the past year, unemployment benefits have been extended, the Oklahoma Employment Security Commission announced Wednesday.
The latest benefit extension for eligible Oklahomans who have exhausted their unemployment claims is being funded from the American Recovery and Reinvestment Act 2009, and provides up to 13 weeks of additional benefits, said John Carpenter with the commission. The provision to extend benefits payments was included in the act to handle the continuing rise in unemployment nationwide, he said.
"We’ve known this was a possibility for awhile,” he said. "And it’s certainly good news for the people it applies to.”
As many as 9,300 Oklahomans will be immediately affected by the extension, the commission said. "This is to help people who have already run out of their extensions,” Carpenter said.
But those who are receiving benefits now but will soon run out also will be evaluated to determine their eligibility for this latest round.
The OESC will contact those receiving unemployment benefits by letter and provide further instructions on filing for the new extension.
And while the extension of benefits certainly aids individuals, "it’s meant to help the economy as a whole,” Carpenter said.
Any additional government assistance through unemployment benefits clearly is positive, said Keith Hazelton, senior vice president and director of economic research at the Oklahoma Bankers Association.