Regardless of what happens with the tax deal, there’s no more support for the so-called 99ers, people who have been on unemployment for the maximum length allowable: 99 weeks.
And their numbers are about to swell.
As this chart from Calculated Risk shows nicely, we’re about 99 weeks since the very worst of the job losses from late-2008/early-2009. The extent to which their cutoff slams the consumer recovery (and thus everything else) is a huge issue to consider.
Photo: Calculated Risk
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.