North Carolina Ranks in Top Ten States Where Jobless Are Likely to Lose Benefits

Submitted by Jen Jones on Tue, 12/06/2011 - 2:32pm

North Carolina Ranks in Top Ten States Where Jobless Are Likely to Lose Benefits

A couple of months ago we reported that North Carolina one of ten states with the largest employment gaps. That meant that as of this summer, the state of North Carolina would have needed to generate nearly 500,00 additional jobs in order to keep up with growing population numbers and old and new workers flooding the Tar Heel market in future months and years. With these disturbing jobless figures in mind, it should therefore come as double-dose of economic reality that the Tar Heel State now also ranks among another not-so-distinguished list: One of the 10 states where the most unemployed could lose benefits. From 24/7 Wall St.: “Nearly 2 million Americans currently receiving unemployment benefits stand to lose coverage this January if Congress does not extend the emergency federal unemployment insurance program. 24/7 Wall St. has reviewed a study by the National Employment Law Project to identify the ten states where the most people could lose benefits. Read The Ten States Where The Most Unemployed Could Lose Benefits The supercommittee was responsible for extending the unemployment benefits. The group was supposed to reach a federal debt-reduction agreement that would have included an extension of the federal unemployment insurance for people who have run out of state-level benefits. Since the supercommittee failed to reach an agreement, the federal programs will expire on December 31 unless Congressional lawmakers renew it. A similar uncertainty existed last year, before federal benefits were eventually extended. However, a sharply divided Congress may find it even more difficult to extend benefits this year. Rebecca Dixon, policy analyst at NELP, told 24/7 Wall St. that “If Congress fails to renew unemployment insurance benefits, 6 million hardworking Americans struggling to get back on their feet will lose their emergency lifeline. These modest payments are vital to keeping these workers and their families afloat while they search for work in the worst job market since the Great Depression.” Despite recent declines in the national rate, unemployment is still a huge problem in the U.S. The rate has remained around 9% for three years, well above 2008’s 5 percent rate. Worst still, 42 percent of the unemployed are currently “long-term unemployed,” meaning they have exhausted all state unemployment benefits, received before federal benefits and usually lasting for 26 weeks. This accounts for approximately 6 million people. If the federal program expires, 1.8 million people who either currently collect federal benefits or are to begin collecting them in January will be completely cut off.” The states on the 24/7 Wall Street list, including North Carolina coming in at #8, have the largest number of residents who could lose benefits, including those with high populations balanced with high unemployment: 1. California 2. Florida 3. New York 4. Texas 5. New Jersey 6. Illinois 7. Pennsylvania 8. North Carolina 9. Georgia 10. Michigan Are you one of the hundreds of thousands of North Carolinians who are unemployed and on the brink of losing their benefits or already there? In tough times, why not turn to something that will help you increase disposable income immediately: a smart move to a better financial future through bankruptcy. If you have been affected by the economy and are wondering how to get back on track, knowing a qualified bankruptcy attorney can also help you to conquer your creditors and face your financial fears, yielding the right kinds of support, information and insights—at a low cost— for a viable and secure future beyond our own “Great Recession.”  The bankruptcy attorneys at the Law Offices of John T. Orcutt offer a totally FREE debt consultation and now, more than ever, it’s time to take them up on their offer. Just call toll free to +1-919-646-2654, or during the off hours, you can make your own appointment right online at www.billsbills.com. Simply click on the yellow “FREE Consultation Now” button.

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