In the United States, unemployment benefits are only paid for a maximum of 99 weeks or just less than 2 years.
After that period, that's it. You're on your own.
After the banking crisis of Autumn 2008, unemployment began to soar. Every week the number of unemployed rose. These job losses continued for 55 weeks at a weekly increase of between 50,000 and 200,000 per week.
The worst period was from November 2008 to October 2009. But even since October 2009, the number of new jobs created has never exceeded 50,000 per week.
The net effect of all of the above statistics is that from December 2010 there are likely to be around 50,000 people losing their benefits every week. This figure will get significantly worse up tom around April 2011 when around 200,000 people will lose their benefits every single week.
It remains to be seen what such large numbers of disenfranchised people will do about this over the coming months.
Keep 'em peeled!
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