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Unemployment runs out for millions of people today

Updated: Saturday, December 28 2013, 01:40 PM CST
Posted by: Kelly Christ

WASHINGTON (AP) -- The end of extended unemployment benefits could lead to a drop in the unemployment rate, but Fed Chairman Ben Bernanke says it would be for the wrong reason. People out of work are required to look for a job to receive benefits. But some jobless may stop looking for work out of frustration and, therefore, would no longer be counted as unemployed. The extended benefits ran out today for about 1.3 million jobless Americans.

Copyright 2013 Associated Press.Unemployment runs out for millions of people today


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