Job Market Monitor
unemployment benefits
Jobless Claims in US (week ended Aug. 23) – Dropped again
The number of new applications for jobless benefits dropped again last week and remained near postrecession lows, the latest sign of improvement for the labor market. Initial claims for unemployment benefits fell by 1,000 to a seasonally adjusted 298,000 in the week ended Aug. 23, the Labor Department said Thursday. That was just below forecasts … Continue reading
Employment Insurance, June 2014 in Canada – Little changed
Following a decline in May, the number of people receiving regular Employment Insurance (EI) benefits was little changed in June at 501,900. The number of beneficiaries fell notably in Ontario and New Brunswick, while increasing sharply in British Columbia. The change in the number of regular EI beneficiaries reflects various situations, including people becoming beneficiaries, people … Continue reading
US – Jobless claims rise, but remain near eight-year lows
New applications for unemployment benefits rose last week but remained near eight-year lows. Initial claims for unemployment benefits increased by 21,000 to a seasonally adjusted 311,000 in the week ended Aug. 9, the Labor Department said Thursday. That was more than the 295,000 new claims forecast by economists surveyed by The Wall Street Journal and … Continue reading
Canada’s False Job Report – EI claims on hold while StatCan fixes error
Statistics Canada’s decision to pull its latest jobs report forced officials to put employment insurance claims on hold and triggered a flood of speculation from economists as to what Friday’s updated numbers will reveal. Approvals for EI claims are partly based on regional unemployment rates, but officials say staff will be able to manage the … Continue reading
Jobless Claims in US – Rise by 23,000 to 302,000
The number of U.S. workers claiming unemployment aid rose last week after sinking to a 14-year low earlier in the month. Initial claims for unemployment benefits increased by 23,000 to a seasonally adjusted 302,000 in the week ended July 26, the Labor Department said Thursday. The figures were slightly better than expected. Economists surveyed by … Continue reading
UI in US – Employers’ demand for workers remains weak and workers have not chosen to stay on benefits
Most state unemployment insurance fund accounts became insolvent in the wake of the Great Recession because states did not adequately fund them in the early to mid-2000s recovery. States that responded to the insolvency by cutting the duration of unemployment benefits did not save significant amounts of money or boost employment. There are no clear … Continue reading
Jobless Claims in US – 284,000, the lowest in more than eight years
In the week ending July 19, the advance figure for seasonally adjusted initial claims was 284,000, a decrease of 19,000 from the previous week’s revised level. This is the lowest level for initial claims since February 18, 2006 when they were 283,000. The previous week’s level was revised up by 1,000 from 302,000 to 303,000. … Continue reading
Canada – The number of people receiving regular Employment Insurance (EI) benefits fell by 12,100 or 2.3% in May
In May, the number of people receiving regular Employment Insurance (EI) benefits fell by 12,100 or 2.3%, after a year of little change. The total number of beneficiaries for the month was 504,100. The majority of provinces saw declines in the number of beneficiaries, most notably Nova Scotia, Ontario, Prince Edward Island and Quebec. The change in the number … Continue reading
Unemployment Insurance Weekly Claims in US – At 302,000, it is a very good sign
SEASONALLY ADJUSTED DATA In the week ending July 12, the advance figure for seasonally adjusted initial claims was 302,000, a decrease of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 309,000, a decrease of 3,000 from the previous … Continue reading
Finland – Entrepreneurs go to unemployment funds
The hardened economic climate has been attracting entrepreneurs in Finland to seek protection from unemployment funds, which pay out income-based benefits in the event of the business going under. Since the beginning of the year the two unemployment funds catering specifically to business owners have grown by about ten percent. Chosen excerpts by Job Market … Continue reading
US – Millionaires have received $29.8 million in unemployment benefit or 0.03% of total report finds
Under the federal-state Unemployment Insurance (UI) system, there is currently no prohibition on the receipt of UI benefits by high-income unemployed workers. States, which determine many of the eligibility requirements for UI benefits, may not restrict eligibility based on individual or household income. Recent Congresses, however, have considered proposals to restrict the payment of unemployment … Continue reading
Unemployment Insurance in Germany
Until 2005, Germans who were out of work and in need would receive 60% of the net salary of their last job 67% if they had children, tax free, then after a year, it would go down to 53%. Former chancellor Gerhard Schröder made it his mission to change this system, a programme known as … Continue reading
Jobless Claims in US – An increase but remain near a seven-year low
The number of Americans filing new claims for unemployment aid inched up last week but remained near a seven-year low, a sign of strength for the job market. Initial claims for unemployment benefits, a reading that helps gauge the number of newly laid-off workers, rose by 8,000 to a seasonally adjusted 312,000 in the week … Continue reading
Unemployment insurance reduces transitions into self-rated ill-health in 23 European countries study finds
The global financial crisis of 2008 is likely to have repercussions on public health in Europe, not least through escalating mass unemployment, fiscal austerity measures and inadequate social protection systems. The purpose of this study is to analyse the role of unemployment insurance for deteriorating self-rated health in the working age population at the onset … Continue reading
Unemployment Insurance Extension in US – Update
Barring an unexpected change of direction from the Republican leadership, the House of Representatives on Friday evening will go into recess yet again without taking action on extending emergency unemployment compensation benefits for millions of the long-term jobless. It’s not the first time the House has left town without delivering financial help for the more … Continue reading
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