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More Than One Million Could Lose Jobless Benefits

Congress is unlikely to extend jobless benefits past 99 weeks though up to 1 million people could need them, Bloomberg reports.

“You can’t go on forever,” Senate Finance Committee Chairman Max Baucus, of Montana, whose panel oversees the benefits program, told Bloomberg. “I think 99 weeks is sufficient,” he said.

Yet nearly half (44 percent) of out of work Americans have been jobless for at least six months, which is the highest percentage since the government began tracking in 1948. And 3.4 million Americans, or the population of Connecticut, have been out of work for a year or more.

In New York, 57,000 people have already run out of unemployment benefits.

Nationwide, 400,000 people could drop off the rolls each month, starting soon.

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