Bill Clinton: “of 1993 March 4, 1993 Today I am pleased to sign into law H.R. 920, the ``Emergency Unemployment Compensation Amendments…”

“of 1993 March 4, 1993 Today I am pleased to sign into law H.R. 920, the ``Emergency Unemployment Compensation Amendments of 1993.'' This legislation will provide critical assistance to the unemployed and their families by extending the Emergency Unemployment Compensation (EUC) program--which is scheduled to expire March 6--through October 2, 1993. In addition, the legislation includes an innovative worker profiling program to encourage States to use the Unemployment Insurance system to link permanently displaced workers to reemployment services early in their period of unemployment and facilitate their transition to new jobs. With the EUC program due to expire this Saturday, I commend the Congress for its swift action to ensure that there will be continued help for millions of jobless Americans who want to work to support their families but cannot find jobs. I believe that, as a Nation, we have a moral obligation, as well as an economic interest, to help these families stay afloat while they attempt to find jobs. While there have been recent signs of improvement in the economy, this improvement has regrettably not extended to the area of employment. The unemployment rate has been over 7 percent for 14 consecutive months and the current rate is higher than the rate that existed when the EUC program was originally enacted. Moreover, the current labor market is, in many respects, weaker than it was at what was considered the worst point of the recession.…”