March 20, 2012 by Christian Schappel
President Obama has unveiled his latest jobs proposal. Included in it are these seven things he hopes to provide for the unemployed.
- Universal Displaced Worker Program. The president’s new budget proposal included plans for a program designed to provide displaced workers (those who lost their job when their employers closed or eliminated their positions, or didn’t have enough business to keep them employed) with skills, counseling and job search assistance services. The White House estimates up to a million workers a year would be eligible for help under the program.
- Up to $4,000 in training awards. Under the Universal Displaced Worker Program, displaced workers would be eligible for training awards of up to $4,000 per year for up to two years.
- Up to $300 in weekly stipends. For workers who are receiving job training, the program would provide weekly stipends for child care, transportation and other expenses worth between $150 and $300 for low-income workers. They’d be available for up to 78 weeks and could be received in addition to 26 weeks of unemployment insurance benefits.
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