Job Market Monitor
unemployment benefits
Canada / Employees should keep premiums in a personal unemployment account says The Canadian Taxpayers Federation (CTF)
“Ottawa is using Employment Insurance as a cash cow,” said CTF Federal Director Gregory Thomas. “They collected $3.3 billion more in EI tax last year than they paid out in benefits, and their latest forecast says they expect to collect $4.2 billion more this year.” Continue reading
US Jobless Claims / Fell for the fifth time in six weeks
The number of people filing for new unemployment benefits fell for the fifth time in six weeks, more evidence that the labor market is steadily improving. Initial claims for jobless benefits, a measure of layoffs, decreased by 21,000 to a seasonally adjusted 323,000 in the week ended Nov. 16, the Labor Department said Thursday. Economists … Continue reading
UI Extension in the US / 1.3 million people to lose access to an emergency program
Unless Congress acts, during the last week of December an estimated 1.3 million people will lose access to an emergency program providing them with additional weeks of jobless benefits. A further 850,000 will be denied benefits in the first quarter of 2014 Continue reading
US / Jobless claims fall, but datat for the prior week were revised upward
Initial claims for state unemployment benefits fell 2,000 to a seasonally adjusted 339,000, the Labor Department said on Thursday. Claims for the prior week were revised to show 5,000 more applications received than previously reported Continue reading
Unemployment Insurance Extensions in US / 310,000 Jobs lost in 2014 if they expire finds the Economic Policy Institute
Federally funded extended unemployment insurance (UI) benefits are set to expire at the end of this year. These benefits serve two very useful public purposes. Most obviously, they provide a lifeline to the long-term unemployed and their families during the deepest and longest economic downturn since the 1930s.1 Less understood but equally crucial, the UI … Continue reading
The ‘Optimal’ unemployment insurance
Benefit-extension programmes reduce competition for jobs. Since the programme induces eligible job seekers to search less hard, non-eligible job seekers face lower competition and find jobs more easily Continue reading
US / UI Claims decrease by 9,000 to 336,000, lowest level this fall
SEASONALLY ADJUSTED DATA In the week ending November 2, the advance figure for seasonally adjusted initial claims was 336,000, a decrease of 9,000 from the previous week\’s revised figure of 345,000. The 4-week moving average was 348,250, a decrease of 9,250 from the previous week\’s revised average of 357,500. The advance seasonally adjusted insured unemployment … Continue reading
Canada / Number of people receiving regular Employment Insurance (EI) benefits up 1.5% (+7,800)
In August, 511,900 people received regular Employment Insurance (EI) benefits, up 1.5% (+7,800) from July. Compared with August 2012, the number of beneficiaries fell by 7.8%. The majority of provinces saw increases in the number of beneficiaries in August compared with July, most notably Alberta, British Columbia, Nova Scotia and Quebec. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
US / Jobless claims stay elevated
Initial claims for state unemployment benefits fell 12,000 to a seasonally adjusted 350,000, the Labor Department said. “Underlying labor market conditions probably are not as bad as the recent claims data suggest,” said Daniel Silver, an economist at JPMorgan in New York. Technical problems as California converted to a new computer system have distorted the … Continue reading
US / Feds Who Received Unemployment During Shutdown Must Return Payments
Thousands of federal employees who received unemployment compensation while on furlough will have to return the payments Continue reading
UI in the US / Extending unemployment benefits increases unemployment research finds
Extending unemployment benefits puts an upward pressure on equilibrium wages, which induces lower vacancy posting by firms and consequently an increase in unemployment research finds. Unemployment in the U.S. rose dramatically during the Great Recession and has remained at an unusually high level for a long time. The policy response involved an unprecedented extension of … Continue reading
US / Unemployment Extended Benefits Ending
The only benefits unemployed workers will be eligible for is up to 26 weeks of state unemployment. Continue reading
US / A map of the maximum number of weeks of benefits currently available in each state
The total number of weeks of benefits available in any particular state depends on the unemployment rate and unemployment insurance laws in the state where the person worked Continue reading
US / Almost 34,000 Government Workers Apply for Unemployment | Washington Free Beacon
Nearly 34,000 federal workers applied for unemployment benefits in the first week of the shutdown, according to government agencies Continue reading
US / Jobless claims rose 1,000 – a good sign but…
However, employers have been more reticent about adding new workers to payrolls, and many economists doubt whether the claims data still provides a clear signal on the pace of hiring Continue reading
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