It’s old news that the U.S. is suffering through a time of high unemployment, and records are starting to be broken. The average time of unemployment for those unemployed is now at an all time high – nearly 40 weeks. The problem with this is that the longer one is unemployed, the more difficult it is to become employed, thus the problems for these unemployed workers are compounded. This leads to the problem of unemployment benefits, which are running out for many people and leaving them in an even worse position.
Source: Economix Blog