Some fear unemployment benefit cuts may stall recovery

Job-seekers and business representatives talk during the Dr. King Career Fair at the Empire State Plaza Convention Center on Thursday, April 11, 2013, in Albany, N.Y. The career fair was one of four around the state on Thursday that allowed attendees to meet with businesses about job opportunities and take part in employment workshops. (AP Photo/Mike Groll)


Some fear unemployment benefits cuts may damage recovery

As a custom home builder, Randall Smith once won awards. Now he relies on unemployment checks to keep a roof over his own head.Those benefits are now being reduced, thanks to cuts to the federal budget known as the sequester. And the effects will be felt across the country.In Colorado, recipients of unemployment benefits will see an 11 percent cut during their first 28 weeks and an 18 percent cut in the final nine weeks. For Smith, that means his …

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