unemployment benefits

This tag is associated with 203 posts

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

US – Jobless claims rise, but remain near eight-year lows

New applications for unemployment benefits rose last week but remained near eight-year lows. Initial claims for unemployment benefits increased by 21,000 to a seasonally adjusted 311,000 in the week ended Aug. 9, the Labor Department said Thursday. That was more than the 295,000 new claims forecast by economists surveyed by The Wall Street Journal and … Continue reading

Canada’s False Job Report – EI claims on hold while StatCan fixes error

Statistics Canada’s decision to pull its latest jobs report forced officials to put employment insurance claims on hold and triggered a flood of speculation from economists as to what Friday’s updated numbers will reveal. Approvals for EI claims are partly based on regional unemployment rates, but officials say staff will be able to manage the … Continue reading

Jobless Claims in US – Rise by 23,000 to 302,000

The number of U.S. workers claiming unemployment aid rose last week after sinking to a 14-year low earlier in the month. Initial claims for unemployment benefits increased by 23,000 to a seasonally adjusted 302,000 in the week ended July 26, the Labor Department said Thursday. The figures were slightly better than expected. Economists surveyed by … Continue reading

UI in US – Employers’ demand for workers remains weak and workers have not chosen to stay on benefits

Most state unemployment insurance fund accounts became insolvent in the wake of the Great Recession because states did not adequately fund them in the early to mid-2000s recovery. States that responded to the insolvency by cutting the duration of unemployment benefits did not save significant amounts of money or boost employment. There are no clear … Continue reading

Jobless Claims in US – 284,000, the lowest in more than eight years

In the week ending July 19, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 19,000 from the previous week’s revised level. This is the lowest level for initial claims since February 18, 2006 when they were 283,000. The previous week’s level was revised up by 1,000 from 302,000 to 303,000. … Continue reading

Canada  – The number of people receiving regular Employment Insurance (EI) benefits fell by 12,100 or 2.3% in May 

In May, the number of people receiving regular Employment Insurance (EI) benefits fell by 12,100 or 2.3%, after a year of little change. The total number of beneficiaries for the month was 504,100. The majority of provinces saw declines in the number of beneficiaries, most notably Nova Scotia, Ontario, Prince Edward Island and Quebec. The change in the number … Continue reading

Unemployment Insurance Weekly Claims in US – At 302,000, it is a very good sign

SEASONALLY ADJUSTED DATA In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous … Continue reading

Finland – Entrepreneurs go to unemployment funds

The hardened economic climate has been attracting entrepreneurs in Finland to seek protection from unemployment funds, which pay out income-based benefits in the event of the business going under. Since the beginning of the year the two unemployment funds catering specifically to business owners have grown by about ten percent. Chosen excerpts by Job Market … Continue reading

US – Millionaires have received $29.8 million in unemployment benefit or 0.03% of total report finds

Under the federal-state Unemployment Insurance (UI) system, there is currently no prohibition on the receipt of UI benefits by high-income unemployed workers. States, which determine many of the eligibility requirements for UI benefits, may not restrict eligibility based on individual or household income. Recent Congresses, however, have considered proposals to restrict the payment of unemployment … Continue reading

Unemployment Insurance in Germany

Until 2005, Germans who were out of work and in need would receive 60% of the net salary of their last job 67% if they had children, tax free, then after a year, it would go down to 53%. Former chancellor Gerhard Schröder made it his mission to change this system, a programme known as … Continue reading

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