unemployment benefits

This tag is associated with 213 posts

US Jobless Claims – A decline after four straight weekly increases

The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy.  Initial jobless claims, a proxy for layoffs across the U.S., decreased by 6,000 to a seasonally adjusted 271,000 in the week ended Aug. 22 the Labor Department said Thursday. The decline comes after four straight weekly increases. Economists … Continue reading

Jobless Claims in US – Lowest since 1973

The number of Americans filing new applications for unemployment benefits last week fell to its lowest level in more than 41-1/2 years, suggesting job growth remained solid despite slowing in June. Initial claims for state unemployment benefits declined 26,000 to a seasonally adjusted 255,000 for the week ended July 18, the lowest level since November … Continue reading

Unemployment benefits has a positive effect on the quality of jobs that recipients find research says

The generosity of unemployment insurance is often cited as a reason for long spells of joblessness. But this view neglects other important, and potentially positive, economic aspects of such programmes. Using Austrian data, this column presents evidence that unemployment insurance has a positive effect on the quality of jobs that recipients find. This can in … Continue reading

Unemployment Insurance in US – Cut in benefit duration accounted for about 61 percent of the aggregate employment growth in 2014 NBER’s study finds

Our objective in this paper is to assess the effect of unemployment benefit extensions on employment. Measuring the magnitude of this effect is manifestly important for understanding the economic consequences of this widely used policy instrument. Yet, the existing literature provides little information on the size, let alone the sign of this effect. In the … Continue reading

Jobless Claims in US – Increase to 316,000 in the week ending January 10

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS ( seasonally adjusted) In the week ending January 10, the advance figure for seasonally adjusted initial claims was 316,000, an increase of 19,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 294,000 to 297,000. The 4-week moving average was 298,000, an increase of 6,750 … Continue reading

US – Good signs for Job Report : Jobless Claims Drop and Private sector employment increased by 241,000 jobs says ADP

Fewer Americans filed for unemployment benefits last week as labor-market tightening compelled employers to hold on to seasonal hires. Jobless claims decreased by 4,000 to 294,000 in the week ended Jan. 3, the Labor Department said today in Washington. The median forecast of 45 economists surveyed by Bloomberg called for a decline to 290,000. Chosen … Continue reading

Jobless Claims in US – At seven-week low

Initial claims for U.S. unemployment-insurance benefits fell to the lowest tally in seven weeks, signaling a slower pace of layoffs, according to government data released Wednesday. The number of people who applied for U.S. unemployment-insurance benefits fell by 9,000 to 280,000 in the week that ended Dec. 20, , the U.S. Labor Department reported. That … Continue reading

Jobless Claims in US – 10th Straight week below 300,000

The number of people who applied for new unemployment benefits totaled fewer than 300,000 for the 10th straight week, reflecting the low level of layoffs in the U.S. as the economy continues to strengthen. Initial jobless claims fell by 2,000 to a seasonally adjusted 291,000 in the week ended Nov. 15, the Labor Department said … Continue reading

EU Court of Justice – Countries can exclude jobless immigrants from getting welfare

Europe’s top court has ruled that European Union countries can block jobless immigrantsfrom receiving welfare benefits. The so-called ‘welfare tourism’ case involved a Romanian woman, 25-year-old Elisabeta Dano, who had applied for, and been denied, unemployment benefit in Germany on the grounds that she was not actively seeking a job. She had received child benefits … Continue reading

Jobless Claims in US – The four-week average at a 14-1/2 year low

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labor market conditions. Thursday’s upbeat data underscored the resilience of the economy and some analysts said the pick-up in wage growth moved the Federal Reserve closer … Continue reading

Unemployment Benefits in US – The total value is half what it was in 2003 writes Krugman

Only 26 percent of jobless Americans are receiving any kind of unemployment benefit, the lowest level in many decades. The total value of unemployment benefits is less than 0.25 percent of G.D.P., half what it was in 2003, when the unemployment rate was roughly the same as it is now. It’s not hyperbole to say … Continue reading

US – Unemployment Claims decrease to 280,000

In the week ending September 13, the advance figure for seasonally adjusted initial claims was 280,000, a decrease of 36,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 315,000 to 316,000. The 4-week moving average was 299,500, a decrease of 4,750 from the previous week’s revised average. … Continue reading

Unemployment Insurance in US – 1.4 Million foreclosures avoided

An updated tally by Moody’s Analytics shows that 6.5 million homeowners have lost their homes in the housing bust so far.  And for most of them, the proximate cause of foreclosure was unemployment. Losing a job meant losing the income to pay the mortgage, while depressed house values meant that struggling homeowners could not tap … Continue reading

Jobless Claims in US (week ended Aug. 23) – Dropped again

The number of new applications for jobless benefits dropped again last week and remained near postrecession lows, the latest sign of improvement for the labor market. Initial claims for unemployment benefits fell by 1,000 to a seasonally adjusted 298,000 in the week ended Aug. 23, the Labor Department said Thursday. That was just below forecasts … Continue reading

 Employment Insurance, June 2014 in Canada – Little changed

Following a decline in May, the number of people receiving regular Employment Insurance (EI) benefits was little changed in June at 501,900. The number of beneficiaries fell notably in Ontario and New Brunswick, while increasing sharply in British Columbia. The change in the number of regular EI beneficiaries reflects various situations, including people becoming beneficiaries, people … Continue reading

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