unemployment benefits

This tag is associated with 177 posts

Jobless Claims in US – The last time initial claims were this low was May 12, 2007 says DOL

In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading

US – Using Twitter to forecast jobless claims

A surprising number of people filed initial claims for unemployment benefits last week, at least if you believe an index based off Twitter. Economists at the University of Michigan have developed a technique that scans billions of tweets, looks for people tweeting about losing their jobs and then creates a prediction for the Labor Department’s … Continue reading

Jobless claims in US – Falls to 4-Month Low

Applications for jobless benefits decreased by 10,000 for the week ending March 22, bringing the total to 311,000, down from last week’s revised figure of 321,000, the Labor Department announced Thursday.  This latest figure marks an official four-month low for unemployment aid. The four-week moving average, a “less volatile” figure, fell by 9,500 to 317,750, down from last … Continue reading

Unemployment Benefits Extension in US – Senate Advances Bill but it is unlikely the legislation can get through

The Senate on Thursday moved ahead with a bill to extend unemployment insurance benefits, three months after benefits expired for more than two million Americans.  The Senate voted 65 to 34 to begin debate on the legislation, setting it up for passage next week. A bipartisan group of senators announced a deal two weeks earlier … Continue reading

Unemployment Benefits Cuts in North Carolina – The largest drop in its labor force in its history

In June, North Carolina lawmakers made such drastic cuts in unemployment benefits that the state was dropped from the federal Emergency Unemployment Compensation program, which made sure those who were out of work past their state-level benefit cutoff, typically around 26 weeks, still got benefits. The number of people receiving benefits fell to 45,000 by … Continue reading

Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds

The Great Recession of 2007–2009 and its aftermath have posed the most serious challenge to unemployment insurance (UI) financing since the state UI programs were established during the late 1930s. Since 2008, 36 of the 53 state UI programs have borrowed from the U.S. Department of the Treasury (Treasury) to finance benefit payments in the … Continue reading

US – Jobless claims down to three-month low

The number of Americans filing new claims for unemployment benefits fell more than expected and hit a three-month low last week, a sign of strength in a labor market that has been hobbled by severe weather. Initial claims for state unemployment benefits dropped 26,000 to a seasonally adjusted 323,000, the Labor Department said on Thursday. … Continue reading

Jobless Claims in US / 14,000 to 348,000 in the week ended Feb. 22, one-month high

More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is improving in fits and starts. Jobless claims increased by 14,000 to 348,000 in the week ended Feb. 22, exceeding all forecasts in a Bloomberg survey and the highest level in a month, from 334,000 in the prior period, … Continue reading

Employment Insurance in Canada / Little changed in December 2013 but claims increased for the second month in a row

In December, 514,200 people received regular Employment Insurance (EI) benefits—little changed from November. The number of beneficiaries has been relatively stable since May 2013, following a long-term downward trend that began in the summer of 2009. Saskatchewan and Alberta posted an increase in the number of people receiving regular EI benefits in December, while there were fewer beneficiaries in … Continue reading

US Unemployment Insurance Weekly Claims Report / An increase of 8,000 from last week

SEASONALLY ADJUSTED DATA In the week ending February 8, the advance figure for seasonally adjusted initial claims was 339,000, an increase of 8,000 from the previous week’s unrevised figure of 331,000. The 4-week moving average was 336,750, an increase of 3,500 from the previous week’s revised average of 333,250. The advance seasonally adjusted insured unemployment … Continue reading

US / Jobless claims fall by 20,000

The number of Americans filing new claims for unemployment benefits fell more than expected last week, in a boost to the labor market outlook and the broader economy. Initial claims for state unemployment benefits declined 20,000 to a seasonally adjusted 331,000, the Labor Department said on Thursday. Claims for the prior week were revised to … Continue reading

US / Jobless Claims Climbed More Than Forecast Last Week

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT - SEASONALLY ADJUSTED DATA (DOL Press Release) In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week\’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week\’s revised average … Continue reading

US / The Unemployment Problem is a long-term unemployment problem

In a response to Friday’s jobs report, Jason Furman, the Chairman of the White House’s Council of Economic Advisors, included this graph that shows the share of unemployment benefits going to long-term unemployed workers (those out of work more than 27 weeks) and short-term unemployed workers. Check it out: Source: Council of Economic Advisers The … Continue reading

US / Testimonies of Americans who rely on unemployment insurance (Video)

Americans who rely on unemployment insurance describe exactly what this essential lifeline has meant to them, and what’s at risk if House Republicans refuse to renew it. On Nancy Pelosi‘s Channel, Democratic Leader of the U.S. House of Representatives for the 112th Congress. Related articles Unemployment Insurance in US / Worse than most other developed countries (video) … Continue reading

Update on Unemployment Insurance Extension in US

The US Senate passed a procedural vote Tuesday to extend long-term unemployment insurance that ended late last year. The vote does not guarantee final passage, and the measure still must pass the House of Representatives, according to a report by USA Today. The 60-37 vote with six Republicans voting with the majority of Democrats shows … Continue reading

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