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In the past year, nearly 5.5 million people exhausted their 26 weeks of standard benefits without finding work. The government says the "exhaustion rate" is the highest on records dating from 1972.
Some 3.4 million people now depend upon extended benefits approved by Congress lasting anywhere from 20 weeks to a year — the longest period of extensions ever added.
The length of these extensions vary by state, depending on the unemployment rate. More than half of all states have unemployment rates that triggered 53 weeks of extended benefits.
The government does not track how many jobless Americans have exhausted both their standard and extended benefits, but experts estimate the figure to be nearly 100,000 — and rising
Originally posted by marg6043
But do not despair, the Markets are rallying on the bad news of Jobless America
notice how the law makers managed to give themselves a raise in the process...
say they're upset when the legislature decided to force all state employees, from teachers to corrections officers, to put 1.5% more of their pay into their retirement plans to save the state money.
The fact that those same lawmakers are exempt has made them livid, they say. Union members say the extra money taken out of their checks amounts to a pay cut.