Marianne Hill

Financial Support for the Unemployed Dries Up at the Worst Possible Time

Millions of workers have lost their jobs in the current recession. Employment is down 12 percent in manufacturing, 7 percent in professional and business services, and more than 5 percent overall in the private sector compared to last year. Over 5.6 million people have lost their jobs since last June. The ranks of the unemployed are continuing to grow; the unemployment rate in June hit 9.5 percent. Good thing that unemployment insurance provides income to help tide these workers over this rough patch, right? Not so fast.

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