National Unemployment Falls Slightly as Checks Run Out for Most Out-of-Work Americans

November 07, 2011
Headlines

The nation’s official unemployment rate fell slightly to 9 percent in October, but government figures show just 80,000 jobs were added in the month. According to economist Dean Baker, at the current pace it will take more than 33 years to return to the pre-recession rates of unemployment. Meanwhile, unemployment checks have now run out for the majority of Americans out of work, a shift that points to a growing crisis of long-term unemployment. Early last year, 75 percent of unemployed workers received unemployment checks. Now the figure is just 48 percent.