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2010 » Jul » 15
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More is spent on jobless in U.S., but benefits near end

USA Today: More than 3 million Americans could lose unemployment benefits by the end of July even as the government spends record amounts to compensate the jobless, a USA TODAY analysis shows.

The growing number of unemployed workers without benefits comes as Congress argues whether to again extend jobless benefits.

The number of people collecting benefits will fall from 10.5 million to 7 million at the end of July if Congress doesn't extend the payments.

Read article

Tags: United States, Monetary policy, Unemployment, Inflation, Late-2000s recession, Unemployment benefits, Recession, Business cycle

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