Job Market Monitor
unemployment benefits
Unemployment Insurance / Claims fell below 400,000
SEASONALLY ADJUSTED DATA In the week ending November 24, the advance figure for seasonally adjusted initial claims was 393,000, a decrease of 23,000 from the previous week’s revised figure of 416,000. The 4-week moving average was 405,250, an increase of 7,500 from the previous week’s revised average of 397,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
US / Fiscal Cliff and Unemployment Insurance: four options to extend benefits and their costs
The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker’s past earnings. CBO estimates that UI benefits totaled $94 billion in … Continue reading
California / Fiscal Cliff / 400,000 long-term jobless on the edge
The federal budget crisis in Washington known as the “fiscal cliff” has an estimated 400,000 long-term jobless Californians on the edge. A 41/2 -year-old program of emergency federal jobless assistance, which provides many of the state’s unemployed up to $450 a week in benefits, is scheduled to expire Dec. 29 — unless Congress and President … Continue reading
US / Unemployment Benefits / How Long Can You Collect ? (Infographics)
The following maps show the maximum duration of benefits in each state by year. .Choosen excerpts by Job Market Monitor from via How Long Can You Collect Unemployment Benefits? – Real Time Economics – WSJ.
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
Canada / Employment Insurance / Slight Decline
Following an increase in August, the number of people receiving regular Employment Insurance (EI) benefits in September declined slightly, by 5,700 (-1.1%), to 525,900. The number of beneficiaries edged down in Quebec, British Columbia and New Brunswick, while it rose slightly in Manitoba. Chart 1 Employment Insurance beneficiaries down slightly in September Choosen excerpts by Job Market Monitor from via … Continue reading
Unemployment Insurance / Reduces labor force exit among the unemployed rather than changes reemployment rates
A paper by Jesse Rothstein, a professor of public policy and economics from the University of California Berkeley has made making a lot of noice on the Web. Jesse Rothstein who is also former chief economist at the Department of Labor, provides up-to-date estimates of the ‘generousity’ effect of unemployment insurance benefits (in terms of duration, % of wages replaced, or … Continue reading
Unemployment Insurance / Claims fell last week but still dancing above 400,000 amid Sandy
Several states were still reporting an increase in claims because of Hurricane Sandy An analyst from the Labor Department said several states were still reporting an increase in claims because of Hurricane Sandy, the mammoth storm that slammed into the East Coast on Oct. 29. The storm left millions of homes and businesses without electricity, … Continue reading
NC / GOP Debt Plan / Unemployment benefits could be cut
A road map to rid North Carolina of its $2.4 billion debt to the federal government for jobless benefits and to place the state’s unemployment insurance system on sturdier financial footing is getting sketched out by legislators and business leaders. It could be rocky both for employers who pay for the benefits and displaced employees … Continue reading
Unemployment Benefits Around The World
Losing your job is awful, but it’s less awful in some places than in others. Call it the real estate rule of unemployment — it’s all about location, location, location. But where’s the “best” (or least awful) place to lose your job? Israel. Unemployment is created equal but unemployment benefits are not. The chart below, from … Continue reading
US | Jobless claims | At 439,000, and 78,000 up, Thx to Sandy
Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending November 10, the advance figure for seasonally adjusted initial claims was 439,000, an increase of 78,000 from the previous week’s revised figure of 361,000. The 4-week moving average was 383,750, an increase of 11,750 from the previous week’s revised average of 372,000. The advance seasonally … Continue reading
Global Economic Crisis / More than 70 per cent of workers lack unemployment insurance
The recent global economic crisis has served as a stark reminder of why unemployment insurance matters. But the reality is that fewer than half of almost 200 countries monitored by the ILO offer such protection. More than 70 per cent of workers worldwide have no statutory access to unemployment insurance or any type of unemployment … Continue reading
US | Unemployment Insurance | House Democrats push for extension
House Democrats are beginning their push for an extension of expanded federal unemployment benefits before more than 2.1 million workers lose them at year’s end. Ways and Means panel ranking member Sandy Levin (D-Mich.) and Rep. Lloyd Doggett (D-Texas) released a committee report on Monday arguing for quick action to extend benefits before they expire … Continue reading
US | Fiscal Cliff | 2 million jobless Americans could lose UI
Congress last lengthened the deadline to file for benefits in February, but lawmakers also restructured the program at the time. The maximum number of weeks the jobless can collect unemployment benefits was reduced to 73 weeks. And in all states save New York, the jobless are no longer eligible for a separate federal extended benefits … Continue reading
US | Jobless claims | A Drop, But Thx to Sandy
Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending November 3, the advance figure for seasonally adjusted initial claims was 355,000, a decrease of 8,000 from the previous week’s unrevised figure of 363,000. The 4-week moving average was 370,500, an increase of 3,250 from the previous week’s unrevised average of 367,250. The … Continue reading
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