On Saturday, 1.3 million jobless workers lost their unemployment benefits, Congress failing to approve an extension before lawmakers departed for the holidays. By now, the detrimental impact on individual lives and a fragile economy has been much discussed. Worth adding is a striking number from the National Employment Law Project.
With the cutoff, the share of unemployed workers receiving benefits has dropped to just one in four, 26 percent, or the lowest level since the federal government started keeping this data six decades ago. Need a reminder about the three jobless workers for every job opening?