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: Calculated RiskReport: 1.2 Million Workers could lose Unemployment Benefits next month
By Anonymous
A new analysis released by the National Employment Law Project today reveals that 1.2 million workers will be cut off of federal jobless benefits by year?s end if Congress fails to renew the federal emergency extensions that expire on November 30th.This doesn't include the '99ers - the workers who have exhausted all available unemployment benefits.
...
Of the 1.2 million workers at risk of losing federal benefits, 387,000 are workers who were recently laid-off and are now receiving the six months (26 weeks) of regular state benefits. After exhausting state benefits, these workers would be left to fend for themselves in a job market with just one job opening for every five unemployed workers and an unemployment rate that has exceeded nine percent for 17 months in a row?with no federal unemployment assistance whatsoever.
Full post as published by Calculated Risk on October 22, 2010 (boomark / email).
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