Job Market Monitor
unemployment benefits
US – 6.4 million workers want full-time jobs but are working only part-time hours
An ongoing structural shift toward more intensive use of part-time employment by many employers is driving the elevated rate of involuntary part-time work. Over six years into an economic recovery, the share of people working part time because they can only get part-time hours remains at recessionary levels. The number working part time involuntarily remains … Continue reading
The United Services Military Apprenticeship Program (USMAP) – Most service members and supervisors have a weak or no understanding of the program
The United Services Military Apprenticeship Program (USMAP) accounted for nearly one in four Registered Apprenticeships in the United States as of 2013. The 2008–13 growth in USMAP from 51,000 to nearly 88,000 apprenticeships offsets part of the sharp decline in civilian apprenticeships over the same period. Currently, about one in four enlisted Sailors and one … Continue reading
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
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