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  • Official: Total Unemployed at 16.2 Percent

    11/06/2011 8:20:17 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | November 6, 2011 | Mike Shedlock
    Yahoo!Finance reports Most of the unemployed no longer receive benefits Early last year, 75 percent were receiving checks. The figure is now 48 percent -- a shift that points to a growing crisis of long-term unemployment. Nearly one-third of America's 14 million unemployed have had no job for a year or more. Congress is expected to decide by year's end whether to continue providing emergency unemployment benefits for up to 99 weeks in the hardest-hit states. If the emergency benefits expire, the proportion of the unemployed receiving aid would fall further. Congress has extended the program nine times. But it...