NEW YORK (CNNMoney) — Millions of unemployed Americans are waiting for Congress to do something other than trade barbs over their job creation plans.
If lawmakers don’t act soon, the jobless see their unemployment checks start to disappear come January.
More than 6 million Americans are set to lose federal unemployment benefits in 2012, with 1.8 million running out in January alone, according to new figures from the National Employment Law Project. Read more
Categories: Economics, United States
That is why the whole talks about ‘unemployment figures’ are so useless. After a while the ‘unemployed’ are removed from the ‘unemployment’ figure and become ‘social security cases’ and are no longer counted. Therefore the real tragedy is much larger than it is shown.