Job Market Monitor
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Hospital mass layoffs lower in 2011 than at height of recession :: Feb. 2, 2012 … American Medical News
The number of mass layoffs at hospitals decreased for 2011 compared with 2008, 2009 and 2010, when the recession and the ensuing economic hangover were in full force. According to data released Jan. 25 by the Bureau of Labor Statistics, 121 mass layoffs occurred in the hospital setting, leading to 8,098 people claiming unemployment benefits … Continue reading
Jobless claims hold steady at 4-year low
DOL Press Release: Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending February 18, the advance figure for seasonally adjusted initial claims was 351,000, unchanged from the previous week’s revised figure of 351,000. The 4-week moving average was 359,000, a decrease of 7,000 from the previous week’s revised average of 366,000. The advance seasonally … Continue reading
Obama signs payroll tax agreement into law – CNN.com
President Barack Obama on Wednesday signed into law the agreement passed by Congress last week to extend the payroll tax cut and unemployment benefits while preventing a cut in payments to Medicare doctors. The signing, announced in a White House statement, resolves those issues for the rest of 2012, beyond the November election in which … Continue reading
Everyone Is Freaking Out Over A New Survey That Shows Unemployment Surging Again
As The Bonddad Blog pointed out last week, this Gallup data isn’t seasonally adjusted (in fact it says that in the chart right up there). Since it’s not seasonally adjusted, you have to look at it year over year, and guess what. And guess what, a year ago Gallup was at 10% and BLS was at … Continue reading
Work Sharing Provision an Essential Part of Payroll Tax Cut Bill – Economic Intelligence (usnews.com)
This week, Congress passed the Middle Class Tax Relief and Job Creation Act of 2012 that carried the essential provisions of work sharing bills proposed by Sen. Jack Reed and Rep. Rosa DeLauro. The bill would have the federal government pick up some of the expenses associated with state work sharing programs, thereby giving them … Continue reading
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