A new study from the Grand Canyon Institute finds the failure to maintain extended unemployment benefits is hurting 12,100 households in Arizona.
If each of those cases receives the state average of $220 a week, it adds up to $2.6 million lost in the first week of 2014.
The loss of that money could mean a drop in employment in the state.
“If you remove that added income from the economy, or you force people to take from their retirement or other areas to pay for things and they’re not able to save that money for the future,” said Dave Wells, the Grand Canyon Institute's research director. "You’re not going to be supporting as many jobs. And we expect this would cut the number of jobs by about 1,600.”
Unless Congress extends the length of time Americans can receive unemployment benefits, the number of Arizonans dropping off benefits will increase.
Without a change to current unemployment benefits, another 22,000 Arizona households will lose that extra money by June, and 20,000 more by the end of 2014.
That would cost the state more than $174 million this year.