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Nine States Slashing Unemployment Benefits: 24/7 Wall St.

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Around 14 million people in the U.S. are jobless today. Yet, several states — even some that are experiencing economic recoveries — have begun to cut jobless benefits, according to recent data obtained by 24/7 Wall St. This is another example that the unemployment problem has become more insidious. Federal and state governments use two milestones — 26 weeks and 99 weeks — to determine unemployment insurance payments and when they are terminated. The number of people out of work for each of these time periods, or longer, grows.

Read the whole story at 24/7 Wall St.

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