Less Than a Third of Unemployed Americans Get Benefit Checks

Some 350,000 workers left the workforce in September, according to the U.S. Department of Labor. The civilian workforce has contracted three of the past four months since reaching a record high in May. One reason for the trend is that people out of work for a significant period of time are giving up looking for jobs.

Some people may be leaving the workforce due to a lack of unemployment benefits. The number of people receiving ongoing unemployment benefits fell to a 15-year low in September. Those receiving unemployment benefits in September accounted for less than 28% of all unemployed Americans, down from 31% a year ago and down from 67% in 2010. When benefits expire, unemployed workers tend to either accept lower-paying work or drop out of the workforce.

Wall Street Journal (10/05/15) Eric Morath Read full story