President Obama proposed a plan Saturday that would provide wage insurance to unemployed workers who take new jobs with lower pay, The Hill reports.
"It's a way to give families some stability and encourage folks to rejoin the workforce — because we shouldn't just be talking about unemployment; we should be talking about reemployment," Obama said in his weekly address.
The president also proposed mandating that all states provide unemployment insurance for at least 26 weeks, a threshold nine states currently don't meet.
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Learn more about Obama's plan below. Julie Kliegman
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