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Thursday, August 23, 2012

Unemployment Less Forgiving As Fewer Receive Benefits

Unemployment Less Forgiving As Fewer Receive Benefits

The share of jobless Americans receiving unemployment insurance is declining as Congress winds down long-term benefits.
While the unemployed population has fallen by less than 10 percent in the past year, the insurance rolls are down by nearly 25 percent. The latest numbers show 12.7 million unemployed and 5.6 million getting benefits, compared with 13.9 million jobless and 7.3 million receiving aid at the same time last year.

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