Economy

Half Of Workers Eligible For Unemployment Insurance Fail To Apply

CREDIT:

According to a study by the St. Louis Federal Reserve Bank, half of workers eligible for unemployment insurance benefits during the depth of the Great Recession failed to apply. In 2009, “of the roughly 11.4 million who were laid off and eligible to collect that year, only about 5.7 million filed claims.” If Congress doesn’t act, millions of workers will see their benefits cut off at the end of year.