More Than One Million Could Lose Jobless Benefits
Congress is unlikely to extend jobless benefits past 99 weeks though up to 1 million people could need them, Bloomberg reports.
“You can’t go on forever,” Senate Finance Committee Chairman Max Baucus, of Montana, whose panel oversees the benefits program, told Bloomberg. “I think 99 weeks is sufficient,” he said.
Yet nearly half (44 percent) of out of work Americans have been jobless for at least six months, which is the highest percentage since the government began tracking in 1948.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in