Raleigh, N.C. — Nearly 5,000 unemployed workers will lose their benefits this month, and that number will likely increase as the year goes on.
David Clegg, deputy chairman of the North Carolina Employment Security Commission, said Friday that by mid-June, 4,936 people will have maxed out their benefits. State law and the federal stimulus act allow for 79 weeks of coverage.
"Your first cohort of those individuals who in large numbers are going to come to the end of that period is going to start occurring now and will increase in number over the next 120 days," Clegg said.
By October, the number of people no longer eligible for unemployment could be as high as 375,000. The ESC, however, said that estimate is based on a a worst-case scenario of no one being able to find work.
"We hope that a recession is going to not outlast their benefits if they're actively seeking work," Clegg said.
According to numbers last month by the ESC, the state unemployment rate is at 10.8 percent, 1.4 percent higher than the national average.
National numbers released Friday show that the U.S. unemployment rate reached 9.4 percent in May, the highest in more than 25 years.
New state numbers will be released in two weeks, and Clegg said he expects that number to be higher than last month, partly because of an influx of college graduates.



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June 5, 2009 6:55 p.m.
Sumo Vita
I'm pretty sure Bush passed the buck on this one. He was in a lose/lose situation @ the time so he simply bailed out & left it all up to the next admin. This happened before the election so we didn't know who the lucky winner would be. Bottom line, Bush played politics w/ our well being as a nation AND the economy.
June 5, 2009 6:19 p.m.
But seriously.. thanks for the efforts.
June 5, 2009 6:16 p.m.
June 5, 2009 6:07 p.m.
You're a capitalist? How is your capital measured, in troll comments?
And oh yeah: the banks were bailed out by that famous socialist, George W. Bush. At the prompting of that other famous socialist, ex-Goldman Sachs CEO Henry Paulson.
June 5, 2009 6:04 p.m.