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6,200 residents to lose jobless benefits

REGIONAL–The Asheville Citizen-Times‘ Mark Barrett reports today that some 6,200 mountain residents will lose unemployment benefits during the next six months.

An excerpt:

The number of people scheduled to lose their benefits will not match up with the number who actually do, since some will surely find jobs first. But projections suggest getting a new job will be particularly tough over the next few months, and other workers not eligible for a lengthy period of benefits will join the ranks of the unemployed.

Holiday hiring in retail businesses usually moderates the typical job losses that come toward the end of the year as seasonal businesses like tourism and construction slow down. But this year, consumers are expected to rein in holiday spending and as a result retailers nationwide aren’t expected to add as many workers as usual.

Read the story here.

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