Wednesday, November 18, 2009

One million Workers to Exhaust Unemployment Benefits in January

by Bill McBride on 11/18/2009 05:42:00 PM

"It's déjà vu all over again".
Yogi Berra

From the NY Times (edit): Jobless Benefits Set to Expire Unless Congress Acts
About one million laid-off workers will see their unemployment benefits end in January ...

The [recently] added federal benefits were built on a series of previous extensions that are slated to end on Dec. 31 ...

According to projections released Wednesday by the National Employment Law Project, an advocacy group that worked with state officials to develop the numbers, 474,111 unemployed workers will exhaust their state benefits during January ... An additional 581,000 workers will see their federal benefits end in January, according to the study.
Note: I'm surprised that any lawmakers were "surprised". The expiration date was in the recent bill, and I mentioned that another extension would be coming soon.