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Nearly 137,000 in Calif. due to exhaust jobless benefits

 
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User ID: 568319
Netherlands
07/28/2009 09:14 AM
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Nearly 137,000 in Calif. due to exhaust jobless benefits
[link to economy.freedomblogging.com]

Nearly 137,000 unemployed workers in California are due to max out their jobless benefits over the next five months, with the biggest wave — 61,096 — potentially getting kicked off the rolls the last week of August, according to state Employment Development Department estimates.

EDD doesn’t have a precise way of determining who will run out of benefits. Based on the agency’s best guess as of July 14, the number will begin to build in California in mid-August with a huge surge Aug. 30.

Another 9,740 could lose their benefits the following week. Thousands more could exhaust their unemployment each week through Nov. 22. EDD currently estimates the number losing benefits could ease back to 719 in the last week of November.

All told, EDD estimates 136,536 could get kicked off the unemployment rolls between the first week of July and the last week of November.

The estimates are based on unemployed workers who could use up the maximum 79 weeks in jobless benefits allowed by Congress for high-unemployment states like California. (California’s unemployment rate hit 11.6% in June, sixth highest in the country.)

It may not be end up being that bad — or could be even worse. EDD officials are still trying to refine the numbers.

“The reality of this exhaustion picture can wind up totally different,” said Loree Levy, EDD spokeswoman.

She said EDD’s estimates are based on people eligible for the third extension of benefits — 20 more weeks referred to as Fed Ed — approved by Congress in February.

Levy noted not everyone will collect the full 20 weeks. Some people may get jobs and others may go into other unemployment programs.

In addition, with unemployment continuing to rise and with pressure building, Congress could consider another extension.
"The question is not, can they reason? Nor, can they talk? But can they suffer?" - Bentham
Anonymous Coward
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07/28/2009 09:27 AM
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Re: Nearly 137,000 in Calif. due to exhaust jobless benefits
And So it Begins.............
Anonymous Coward
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07/28/2009 09:36 AM
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Re: Nearly 137,000 in Calif. due to exhaust jobless benefits
That just means there will be 137,000 fewer people on unemployment. The unemployment rates will begin to fall as people drop off the rolls.

There will proably be 2 or 3 million each month falling off the rolls and that will be green shoots.


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Anonymous Coward
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Australia
07/28/2009 09:37 AM
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Re: Nearly 137,000 in Calif. due to exhaust jobless benefits
Five finger discount, man.
anonymous
User ID: 736462
United States
07/28/2009 09:44 AM
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Re: Nearly 137,000 in Calif. due to exhaust jobless benefits
relatives are moving into garages of family members just to have a roof .they fix up the inside with partictions that are not permanent so the tax bills will not increase on the propeties.. double car garages work out well in those events for desperate relatives ., just do not remove the garage door and put up a house type door ..but add heat and airconditioning ., share the kitchen for cooking and baths for bathing a win win for all. then the couple make a living room and sleeping quarters in the garages..beats the street any day of the week
Leelah

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Netherlands
07/28/2009 09:51 AM
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Re: Nearly 137,000 in Calif. due to exhaust jobless benefits
I can not imagine that a whole lot of these people would stay after they have exhausted their unemployment.

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