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February 09, 2009

When Unemployment Runs Out

Last week, the government released January unemployment data, and it was worse than analysts expected: almost 600,000 Americans lost their jobs last month.

State agencies that administer unemployment benefits are struggling to keep up, and some are cutting off assistance. Paula Stein's last unemployment check came in January. As she tells Dick Gordon, she's desperate to work, but she's getting no bites in this economy. Paula suspects it has something to do with her age. Now, just when she'd like to be thinking about retiring, Paula is wondering is she can hang on to the only asset she has left: her house.

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