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The Boston Globe

Business

1.3m losing unemployment benefits Saturday

WASHINGTON — An emergency federal program that acts as a lifeline for 1.3 million jobless workers will end Saturday, drastically curtailing government support for the long-term unemployed and setting the stage for a major political fight in the new year.

The program, in place since the recession started in 2008, provides up to 47 weeks of supplemental unemployment insurance payments to jobless people looking for work. Its expiration is expected to have far-reaching ramifications for the economy, cutting job growth by about 300,000 positions next year and pushing hundreds of thousands of households below the poverty line.

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