Most of the unemployed no longer receive benefits – CNBC

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Most of the unemployed no longer receive benefits

November 5 (CNBC) —The jobs crisis has left so many people out of work for so long that most of America’s unemployed are no longer receiving unemployment benefits.

Early last year, 75 percent were receiving checks. The figure is now 48 percent ā€” a shift that points to a growing crisis of long-term unemployment. Nearly one-third of America’s 14 million unemployed have had no job for a year or more.