Job Market Monitor
unemployment benefits
Hurricane Sandy Unemployment Benefits
In order to qualify for disaster unemployment benefits your employment or self-employment must have been lost or interrupted as a direct result of a major disaster, and you must have been determined not to be eligible for regular state unemployment insurance writes Alison Doyle. Major disasters have been declared in some counties in New York and New … Continue reading
Great Recession – Only half of eligible unemployed Americans collected unemployment benefits
Only half of eligible unemployed Americans during the most recent recession actually collected unemployment benefits, according to a new analysis by the Federal Reserve Bank of St. Louis. And over the past 22 years, only one-third of those eligible for jobless benefits collected them on average. If everyone that qualified for unemployment benefits in 2009 … Continue reading
Wisconsin – Backlog stalls unemployment benefit checks
More than 9,000 Wisconsin residents have not received any unemployment benefits for several weeks because of a backlog at the state Department of Workforce Development. The department’s backlog consists of 9,357 claims dating to late July. It could take as long as March to clear it up because each claim has to be reviewed and … Continue reading
US – Unemployment Claims : The good news didn’t last, an increase of 46,000
SEASONALLY ADJUSTED DATA In the week ending October 13, the advance figure for seasonally adjusted initial claims was 388,000, an increase of 46,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 365,500, an increase of 750 from the previous week’s revised average of 364,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent … Continue reading
Canada – Employment Insurance – EI recipients participating in employability measures should be exempted from the application of the proposed provisions on convenient job
Canada – Employment Insurance – EI recipients participating in employability measures should be exempted from the application of the proposed provisions on convenient job
Unemployment Insurance Claims – The US job market really going the wrong way
Last reports were not good, no more than the Current Population Survey for August. This morning report isn’t better. Is the job market really going the wrong way. -*- SEASONALLY ADJUSTED DATA In the week ending September 8, the advance figure for seasonally adjusted initial claims was 382,000, an increase of 15,000 from the previous … Continue reading
Unemployment insurance subsidizes layoffs writes Mulligan. As life insurance subsidizes death?
“Unemployment insurance and other types of social insurance subsidize job separations and thereby result in too many layoffs and too few people employed” writes Casey B. Mulligan in Social Insurance and Layoffs on NYTimes.com. “A variety of programs help workers after they leave a job and do not start a new one, depending on the circumstances … Continue reading
Spain – Unemployment benefits Claims Up as Public Jobs Vanish
The number of people claiming unemployment benefits in Spain rose by 38,179 in August from the previous month to a total of 4,625,634. Employment Ministry spokeswoman Engracia Hidalgo said although the monthly rise in unemployment was bad news, the increase was the smallest since August 2006. Unemployment among young people under the age of 25 … Continue reading
Federal extended unemployment benefits – More reductions are set for September
“I am getting frantic emails and comments on my blog posts from people who are running out of unemployment benefits and aren’t sure why” writes Alison Doyle. “The reason is that what is provided for unemployed workers changed dramatically in January.” “Federal extended unemployment benefits have been gradually reduced this year and more reductions are … Continue reading
Unemployment Insurance Claims – It’s hard to beleive that the job market really improving ?
Last report was not a good one with 372,000 (unrevisied). This morning report isn’t better. Is the job market really improving ? Hard to beleive. SEASONALLY ADJUSTED DATA ; In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The … Continue reading
Unemployment Insurance Claims – Up from bottom-near since April 2008 to 372,000
Three weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer is yes. But it could mean more… Not a good sign anyway. SEASONALLY ADJUSTED DATA In the week ending August 18, the advance figure for seasonally adjusted initial claims was 372,000, an … Continue reading
Unemployment Insurance Claims – Up by only 2,000
SEASONALLY ADJUSTED DATA In the week ending August 11, the advance figure for seasonally adjusted initial claims was 366,000, an increase of 2,000 from the previous week’s revised figure of 364,000. The 4-week moving average was 363,750, a decrease of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
US – Work-Sharing to Stop Layoffs with $100 Million to States
The Labor Department announced on Monday that it will be awarding almost $100 million in grant funding to states to prevent layoffs by allowing businesses to pay employees as part-time workers and the federal government will pick up the tab for the cost of a full-time paycheck. The “work-sharing” program was passed as part of … Continue reading
US – Unemployment Insurance – 711 000 Households with Income of $100,000 or more had received benefits
The report Receipt of Unemployment Insurance by Higher-Income Unemployed Workers (“Millionaires”) by Donald Hirasuna from Congressional Research Service provides information relevant to proposals that would restrict the payment of unemployment benefits to individuals with high incomes. (Adapted excerpts by Job Market Monitor) Summary The economic recession that began in December 2007 officially ended in June 2009 when the U.S. economy reached a … Continue reading
Unemployment Insurance Claims – 361,000, a decrease of 6,000 from the previous week
Two weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer might well be yes. UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending August 4, the advance figure for seasonally adjusted initial claims was 361,000, a decrease … Continue reading
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