Job Market Monitor
Unemployment Insurance
Unemployment Insurance in US – The proportion of jobless workers receiving benefits fell to a record low of 23.1 percent in December 2014
The Great Recession and its aftermath created severe challenges for unemployment insurance (UI) programs in the United States and for jobless workers relying upon them. In this briefing paper, we show that state UI programs are failing their critical goals of income replacement and supporting economic growth. The proportion of jobless workers receiving benefits from … Continue reading
Finland – Unemployment benefits for high income earners to be cut
Government’s hatchet man will be focusing on unemployment benefits for high income earners as part of ongoing efforts to cut spending. The changes will come into force at the beginning of 2015 and will affect newly-unemployed persons who have worked for more than 20 years as well as employees who earned a monthly salary of more … Continue reading
Jobless Claims in US – Lowest level for 4-week moving averag average since May 6, 2000
In the week ending October 18, the advance figure for seasonally adjusted initial claims was 283,000, an increase of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 264,000 to 266,000. The 4-week moving average was 281,000, a decrease of 3,000 from the previous week’s revised average. … Continue reading
Europe – Try the improved European Unemployment Insurance scheme simulator
Following on from our previous blog post on this topic, we invite you to try out our improved European Unemployment Insurance (EUI) scheme simulator which now includes a line graph to chart the evolution of the net flows from the scheme and its situation, as well as a heat map of all European countries. Chosen … Continue reading
For an European unemployment insurance – A Commission Report
The best idea for an EMU-level automatic fiscal stabiliser is in my view a scheme where fiscal stimulus is provided to countries of the monetary union based on developments in their short-term unemployment. Unemployment is an indicator whose big advantages are that it very closely follows developments in the economic cycle, it is easily understandable, … Continue reading
Older Workers Who Lost Their Jobs During The Great Recession In US – Stronger welfare policies would have helped their mental health research finds
The old cliché states, “Money doesn’t make you happy”, but is this really true? In new research, Carlos Riumallo-Herl finds that wealth had an insulating effect against depression for older workers who lost their jobs during the Great Recession in the U.S. He finds that in comparison to workers in the U.S., those in Europe … 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
Greece – Only 8% of 1.27million jobless gets unemployment allowance
The majority of Greece’s 1,274,843 jobless receive no unemployment allowance. According Employment Agency OAED , only 102,026 jobless received the allowance in April 2014. That is less than one out of ten of the country’s at least 1,274,843 men and women without job. Although employees pay their social security contributions month-in month out during their … Continue reading
Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
The Great Recession of 2007–2009 and its aftermath have posed the most serious challenge to unemployment insurance (UI) financing since the state UI programs were established during the late 1930s. Since 2008, 36 of the 53 state UI programs have borrowed from the U.S. Department of the Treasury (Treasury) to finance benefit payments in the … Continue reading
US / Jobless claims decreased last week
Fewer Americans filed applications for unemployment benefits last week, a sign employers are holding the line on firings even as cold weather slowed industries from manufacturing to housing. Jobless claims declined by 3,000 to 336,000 in the week ended Feb. 15, a Labor Department report showed today in Washington. The median forecast of 53 economists … Continue reading
Today in US / Yellen and unemployment in the Senate
The Senate is back today from the holiday break, and will confirm Janet Yellen as the next chair, and the first woman chair, of the Federal Reserve Board of Governors. Senators start work at 2 p.m., and will move to Yellen at 3 p.m. At 5:30 p.m., the Senate will vote to confirm her — … Continue reading
Unemployment Insurance in US / Worse than most other developed countries (video)
Long-term unemployment in the U.S. is twice as high as it was before the financial crisis. That\’s according to the Center on Budget and Policy Priorities. Yet Congress did not extend unemployment benefits in the latest budget deal. Less well known is how the U.S. has one of the least generous unemployment insurance systems in … 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
European Unemployment Insurance / Where is it going?
The concept of such an insurance could help countries in crisis as it would absorb some of the costs of a sudden and deep recession Continue reading
Canada / Changes to Employment Insurance lessen access for incarcerated individuals
As of June 30, 2013, individuals who are incarcerated and found guilty of an offence for which they are being detained will no longer be able to benefit from extensions Continue reading
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