...in just the first 6 months of 2012
(NEWSER) - Come June, about 70,000 people will lose long-term unemployment benefits sooner than they expected, bumping the number of people who've had the rug pulled out from under them in the first six months of the year to nearly 500,000, the New York Times reports. Congress renewed its extended unemployment program in February , but reduced the maximum number of weeks from 99 to as low as 63. How quickly benefits disappear is determined largely by how much unemployment has increased recently, meaning hard-hit states like California, which has 11% unemployment, lost benefits early because things hadn't gotten worse. More»
