Lower unemployment means no more extended benefits in Indiana - wave3.com-Louisville News, Weather & Sports

Lower unemployment means no more extended benefits in Indiana

INDIANAPOLIS (AP) - About 10,000 Indiana residents who have been unemployed for more than 79 weeks will no longer be eligible to receive 20 more weeks of extended federal benefits starting next month because of a drop in the state's unemployment rate.

The Indiana Department of Workforce Development announced Tuesday that Indiana's unemployment rate dipped to 8.7 percent in January, down from a revised December rate of 8.9 percent.

The department says the federal government only pays for extended benefits when the state's three-month average unemployment rate is 110 percent higher than it was three years ago. Indiana's three-month average rate would need to be nine percent or above in order to qualify.

The department says Indiana residents will no longer be eligible for extended benefits after April 15.

Copyright 2012 by The Associated Press. All Rights Reserved.

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