There were already 11 million "exhaustees" by end of 2009!
MSNBC - December 31, 2009 - "A record 20.7 million-plus Americans collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent. During the week of December 12, 2009 more than 10.1 million people collected jobless benefits* - that figure includes 5.3 million people receiving the 26 weeks of aid customarily provided by the states and 4.8 million people that have shifted to the extended benefit programs."
Also, according to USA Today, only less than half of those who were out of work and were actively trying to find a new job were even eligible to any receive unemployment benefits.
* That was almost 2 years ago! And it's now been a full 3 years since the mass layoffs began - - - and we've had layoffs and more "exhaustees" every week since then! Currently there are 7.1 million receiving State and Federal UI benefits. How many "exhaustees" are there really out there and where did they all go? China?
* Even the Labor Department is estimating almost 5.4 "exhaustees", and they ALWAYS give the lowest number, and only recently claimed to have kept count. And another 3.5 million are on track to expire this January for "their" total of 8.9 million. Now add that to the previous 10 million who have already expired through 2009 and by January 2012 we will have almost 20 million Americans with no job and no income at all...far above the government "reported" 9.1% unemployment rate (far more than 13.9 million). Add to that, those who can still claim STATE unemployment benefits (jobless less than 6 months) and we have HOW MANY people who are out work? Almost the entire population of Texas!
Or almost 40 Woodstocks!
Woodstock 1969 (Click photo to enlarge)
I need to update this...