as the leader indicated, we are working to develop a response to the 1.3 million Americans who on December 28 lost their unemployment extended benefits. Since that time, the number has increased. About 70,000 Americans a week are losing their unemployment insurance benefits. This number is now approaching roughly 1.5 million Americans and will approach a significantly higher number of Americans throughout the year. This is an emergency. These people have worked. They are in a job market where typically there are more than two applicants for every job, and we are seeing a job market that is moving sometimes forward and sometimes sideways. The numbers last Friday were quite disappointing. It could have been the weather or it could be other factors, but it does underscore the need to move very aggressively to address the issue of these unemployed Americans. The average benefit is about $300 to $350 a week. The only reason they qualify for the benefit is they did work and they are still looking for work. One of the ironies of last week's numbers is even though we had very mediocre job creation, the unemployment rate fell. Why? Because people are leaving the workforce. They are giving up. We can't let that happen. One way we keep people looking for work and we keep them able to look for work is to provide this modest benefit each week. So we are looking very hard and we have had a great deal of collaboration and cooperation.…
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