Job Market Monitor
unemployment benefits
US / The unique importance of UI for today’s unemployed workers
Today’s labor market provides the strongest case for extending UI benefits. It has always been harder to find work the longer you are unemployed, but the situation facing today’s workers is exceptional Continue reading
Unemployment Extension / White House will push when Congress comes back to work
“These are not the people who caused the financial crisis, they are the victims of the financial crisis,” the President said Continue reading
US / The share of unemployed receiving jobless aid will drop to its lowest level
Unless Congress reauthorizes the program by December 28th, 1.3 million long-term unemployed workers and their families will be abruptly cut off from federal unemployment insurance at the end of the month Continue reading
Employment Insurance (EI) in Canada / The number of beneficiaries fell 8.4% in a year
Provincially, British Columbia, Alberta and Saskatchewan were the only provinces with notable increases in the number of regular EI beneficiaries in October compared with September, while New Brunswick was the lone province to experience a decrease over the same period Continue reading
Jobless Claims In US / They surge to 368,000
The number of Americans filing new claims for unemployment benefits rose sharply last week, reversing the prior three weeks declines, but a recent strengthening of the labor market likely remains intact. Initial claims for state unemployment benefits surged 68,000 to a seasonally adjusted 368,000, the Labor Department said on Thursday. That was the largest weekly … Continue reading
Unemployment Insurance in US / Has it increased joblessness ?
House-Senate negotiators are close to a modest budget accord to avoid another government shutdown, but suddenly the White House is introducing a last-minute demand. Five years into an economic recovery that President Obama often hails as miraculous, he wants to extend unemployment benefits one more time. Maybe it’s time to consider whether the big expansion … Continue reading
Most labor economists consider that unemployment benefits have only a modest negative effect on job search writes Krugman
On the contrary, unemployment benefits help create jobs, and cutting those benefits would depress the economy as a whole he says Continue reading
US / Why extending unemployment insurance in a chart
Congress is starting to take notice of the fact that more than 1.3 million people will lose their jobless benefits on Dec. 28 unless lawmakers renew an emergency aid program for the unemployed that\’s set to expire this year. House Democrats said on Thursday that they won\’t support a budget deal unless it includes a one-year … Continue reading
US / Jobless Claims Fall to 298,000 in Latest Week
The number of people filing for new unemployment benefits fell for the third straight week, a sign of an improving labor market. Initial claims for jobless benefits, a measure of layoffs, decreased by 23,000 to a seasonally adjusted 298,000 in the week ended Nov. 30, the Labor Department said Thursday. Economists surveyed by Dow Jones … Continue reading
US / CBO estimates that extending the emergency unemployment compensation (EUC) program for one year would cost $25.7 billion
The Congressional Budget Office has completed an estimate of the budgetary effects of H.R. 3546, the Emergency Unemployment Compensation Extension Act of 2013 Continue reading
US / Unemployment Extension News
House and Senate Democrats introduced legislation to renew the federal Emergency Unemployment Compensation (EUC) program for 2014. Here’s information on the legislation which would extended unemployment benefits for 2014, and more information on the proposed unemployment extension for 2014. Chosen excerpts by Job Market Monitor. Read the whole story at via Unemployment Extension News.
Tell Congress on Extensions : American Federation of State, County and Municipal Employees, AFL–CIO campaings
The American Federation of State, County and Municipal Employees, AFL–CIO campaings for the re-authorization of federal Unemployment Benefits. Here is the link to the petition: via Tell Congress: Re-authorize Federal Unemployment Benefits.
New EI rules in Quebec / Calling on other provinces to support overhaul
The Quebec government is calling on other provinces to support its demand for immediate changes to employment insurance measures that sparked widespread protest against Ottawa last spring Continue reading
US / Jobless claims fall for sixth week out of seven
The number of people filing for new unemployment benefits fell for the sixth time in seven weeks, more evidence the labor market is steadily improving Continue reading
Employment Insurance in Canada / More beneficiaries in Quebec and Manitoba, as well as in the Atlantic provinces
Following three months of little change, the number of people receiving regular Employment Insurance (EI) benefits decreased slightly in September (-1.4% or -7,100) to 503,800. Compared with September 2012, the number of beneficiaries was down 8.8%. However, the slight monthly decrease nationally did not mirror variations observed at the provincial level, as British Columbia and Ontario posted notable … Continue reading
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