Job Market Monitor
Congress
Job Tenure in the U Congress – 9.8 years for the House and 11.4 years for the Senate for Members of the 112th Congress, as of January 5, 2011
The average service tenure of Members of the Senate and House of Representatives has varied substantially since 1789. This report presents data on Member tenure and a historical analysis of tenure trends. During the 19th century, the average service of Representatives and Senators remained roughly constant, with little or no change over time; the average … Continue reading
Unemployment Extension / White House will push when Congress comes back to work
“These are not the people who caused the financial crisis, they are the victims of the financial crisis,” the President said Continue reading
US / The share of unemployed receiving jobless aid will drop to its lowest level
Unless Congress reauthorizes the program by December 28th, 1.3 million long-term unemployed workers and their families will be abruptly cut off from federal unemployment insurance at the end of the month Continue reading
US / Fiscal ‘mess’ undermines Fed on jobs says Dallas Fed President Richard Fisher
“As long as inflationary expectations are held at bay, we can fully open the monetary throttle in an effort to deliver on the mandate Congress gave us to help achieve full employment,” said Fisher. “But it is for naught as long as the fiscal authorities are slamming on the brakes and leaving everyone in the dark as to how they will cure the fiscal mess they have wrought.” Continue reading
From the fiscal cliff to sequestration / Cost about 900,000 jobs lost … and the potential for another recession
From the fiscal cliff to sequestration to the current shutdown debt ceiling debate: What\’s the cost of the U.S. government careening from crisis to crisis? About 900,000 jobs lost … and the potential for another recession. That’s the conclusion of a new report prepared by research firm Macroeconomic Advisers for the Peter G. Peterson Foundation. … Continue reading
US / Democrats want jobless benefits in Fiscal Cliff deal
Hovering in the background of the “fiscal cliff” debate is the prospect of 2 million people losing their unemployment benefits four days after Christmas. “This is the real cliff,” said Sen. Jack Reed, D-R.I. He’s been leading the effort to include another extension of benefits for the long-term unemployed in any deal to avert looming … Continue reading
Fiscal Cliff / UI Benefits will end for 3 M: A Brief Overview of the Legislative Procedures for Adjusting the Public Debt Limit
The Fiscal Cliff means that Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013. So the important question is that is the legislative procedures for adjusting the public debt limit ? Here is the summary of a Brief Overview by Congressional Research Service. *-* … Continue reading
Fiscal Cliff / Unemployment Benefits will abruptly end for 2 million in dec., and nearly one million more in the first quarter of 2013
Because over five million workers will be unable to collect federal UI benefits next year if Congress fails to act, NELP is calling upon Congress to make this issue a priority during the lame-duck session of the 112th Congress. Not only should Congress reauthorize the EUC program in its current form for the next year, it … Continue reading
U.S. CONGRESSIONAL BUDGET OFFICE | How To Respond to Persistently High Unemployment
The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking … Continue reading
Tennessee | Drug Testing For Unemployment Dies
While a number of Tennessee lawmakers want to see drug testing for unemployment benefits the bill stalled in the House, even after a Congressional path was cleared for it. The controversial question of drug testing residents before handing out unemployment benefits has been a hot button topic in the legislative session. State Lawmakers got their … Continue reading
Unemployment Extension – Version 2 – Nicole Kurokawa – Townhall Conservative Columnists – Page 1
Passed last week as part of a comprehensive payroll tax cut/doc fix/general handout bill, Congress also moved to extend unemployment benefits. That’s hardly a surprise, given the reluctance of fiscal conservatives to take any stand that could be construed as incentives to out-of-work voters. While extending the enhanced federal unemployment program, the bill will scale … Continue reading
Republican House Bill Would Strip US Fed’s Jobs Mandate – Business News – CNBC
Seeking to make good on past threats in Congress to rein in the Federal Reserve’s powers, a prominent Republican lawmaker said on Thursday he will introduce legislation to focus the U.S. central bank on a single mandate to fight inflation and protect the dollar’s value. Representative Kevin Brady, vice chairman of the Joint Economic Committee, … Continue reading
Unemployment Extension – jobsearch.about
Congress has passed and President Obama has signed extension of federal extended unemployment benefits programs and the payroll tax cut. Federal extended benefits for long-term unemployed workers will be gradually reduced to 73 weeks in the states with the highest rates of unemployment and 63 weeks elsewhere. Here’s a summary of the changes: Extended Unemployment Tiers 2012 … Continue reading
Has Congress made the recession worse? CNN
Since the economy dropped off a cliff in 2008, members of Congress have not exactly been shy about casting blame for no-or-slow growth on a variety of bureaucrats, outside institutions and Wall Street power players. But if lawmakers are looking for an explanation as to why the recession lasted so long, they should look no … Continue reading
To Claim Unemployment Benefit, You May First Have To Do A Drug Test | Economy Watch
In a deal to extend the payroll tax cut and unemployment benefits, Congress has passed a law that would soon allow states to conduct drug-tests before handing out payments. While the Republicans initially wanted to extend the drug-tests to all unemployment benefit applicants, the new law would only allow the tests to be conducted on … Continue reading
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