Unemployment Benefits Have Increased -- But Jobs Remain Scarce
Over the last several years, unemployment has increased dramatically. Millions of Americans rely on unemployment benefits to make ends meet and find a new job. What happens when this benefit ends?
While some financial analysts predicted that unemployment would begin decreasing this year, the statistics show otherwise. A nationwide study shows the gap between the number of unemployed people (13.9 million) and the number of job openings (2.8 million) is worse than the Great Depression. Due to rise in unemployment, Congress extended unemployment benefits last year to an unprecedented 99 weeks. Despite this increase, many Americans are close to the end of this 99 week benefit - with no job in sight.
Over 6 million Americans have reached their unemployment limit this year. With five (5) unemployed workers for every job opening, this number will continue to grow. Some members of Congress want to end the extended benefit; however, the idea is heavily opposed due to the enormous gap between out-of-work Americans and lack of available jobs.
Although 2011 has shown a "decrease" in unemployed workers, the numbers are not entirely true. When someone receives unemployment, they are no longer counted on the record as unemployed. These people basically disappear. The fact is - unemployment is a major problem right now and benefits may run out before someone can find a new job. Chapter 7 Bankruptcy or
Chapter 13 Bankruptcy may help you face this problem and gain a fesh start.
If you are unemployed or facing potential job loss, it may be time to consider consumer Bankruptcy. Please call the Law Office of Nicholas R. Westbrook today at
(713) 893-6204. Mr. Westbrook offers FREE consultations at various locations around Houston and will evaluate your individual situation. You may be able to eliminate or significantly reduce your debts. To learn about all options and related issues, please call today. Stop letting debt ruin your life.