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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> food stamps

Most of the jobless no longer receiving unemployment benefits

Posted by RJ and Makay on Nov 07, 2011

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unemploymentA majority of the unemployed in this country no longer receive unemployment benefits, according to government sources.  Early last year, 75% of the jobless were receiving unemployment benefits.  That figure has now dropped to 48%.  The shift points to a growing crisis of long-term unemployment.  Almost one-third of currently unemployed people have been without a job for over a year.