Update: 99ers Unemployment Extension Latest News?

In all the tax cuts and breaks, there was absolutely no provision for a growing number of jobless American workers who have found long-term unemployment a continuing ordeal -- the 99ers.

The extension for unemployment benefits that is part of the compromise tax deal is good news for many of the unemployed, but it won’t provide aid to anyone who’s been out of a job over 99 weeks.

There are an estimated 5 million 99ers at present in the United States. Most are uncounted in the "official" estimates provided by the Department of Labor.

What are the latest news about the 99ers unemployment extension? Have there been any important updates on the extension?

asked by Liberty in Personal Finance | 6127 views | 12-19-2010 at 11:36 PM

It is not expected that the new Congress, with a Republican-led House of Representatives, will be sympathetic to the 99ers plight when it begins its session next year.

Many 99ers have turned to the internet to vent their final e-frustrations before retiring to homelessness, or worse.

Unemployment in the United States, at least as gauged by the Department of Labor, stands at 9.8 percent, or 15.1 million people. Many estimates place it at a far higher number.

If the job market remains weak, there is a good chance that even more people will join the ranks of the 99ers. The lower estate tax is objectionable, but with hindsight, it might have been better for liberal Democrats to press for more benefits for the 99ers.

answered by Cristina | 12-19-2010 at 11:37 PM

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