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Unemployment Insurance And What Happens To People Who Run Out

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Unemployment Insurance And What Happens To People Who Run Out

Post by Guest on Sun Feb 26, 2012 8:48 am

Using the most recent available data, the GAO found that of the 2 million people who lost jobs and ran out of unemployment insurance from 2007 to 2009, only 35 percent had found work by January 2010. Eighteen percent left the workforce and 46 percent remained totally unemployed (twice the jobless rate for "exhaustees" before the recession). Just 18 percent received some type of Social Security benefit and 15 percent received food stamps. Less than 3 percent landed on welfare. (Other studies have suggested the economy is pushing new waves of workers onto Social Security disability rolls.)
http://www.huffingtonpost.com/2012/02/21/unemployment-benefits_n_1291060.html?ref=mostpopular,unemployment

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Re: Unemployment Insurance And What Happens To People Who Run Out

Post by TR11005 on Mon Feb 27, 2012 8:35 pm

I had to wait a whole year running out of Unemployment Insurance in March, 2010. Before I could collect early Social Security. Next Monday I start a 6 month Contract Assignment only 8 miles from my house. You can refinance a home on Social Security, not on Contract Assignments. You need two years of solid work.

I worked one day contract in January and August. That distorts the Unemployment Rate also.

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