Job Market Monitor
Unemployment Insurance
Yes, Unemployment Benefits may rise Unemployment But … writes Krugman
A reader writes in, having just heard somebody or other claim that the current unemployment rate would be much lower if unemployment benefits were even less generous, and asks whether this can be true. And the answer is no. People who say things like this are fundamentally confused about what the economic research actually means. … Continue reading
Florida / Unemployment Agency Disputes Claim It Violated Civil Rights
On Wednesday, Florida said it is rejecting the Labor Department’s findings, claiming they were politically motivated. As evidence, the state said that an official with the Civil Rights Center has “publicly made or endorsed politically and ideologically charged statements about her role at the Department of Labor.” Specifically, Florida cited a bio for department lawyer … Continue reading
Texas / Drug testing for unemployment passes
A bill that would allow the state to drug screen unemployment applicants has passed the Texas House. Rep. Brandon Creighton presented the measure to the House Tuesday night The law would require state officials to screen applicants to see whether they might abuse drugs. Only if there is reasonable suspicion could the Texas Workforce Commission … Continue reading
UI in US / Expanding the definition of misconduct
Traditionally, unemployment benefits can go to any laid-off employee not guilty of “misconduct.” By law, simple failure to meet production quotas, for example, cannot be deemed misconduct unless it represents a “willful and wanton” refusal. In the past two years, however, four states have rewritten their laws to vastly expand the definition of misconduct. In … Continue reading
US / Jobless claims broadly in line with monthly job gains of more than 150,000
The number of Americans filing new claims for unemployment benefits rose slightly last week, allaying fears of a major setback in the labor market recovery. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 352,000 the Labor Department said on Thursday. The prior week’s number was revised to show 2,000 more applications … Continue reading
US / When Unemployment Runs Dry
Over 4 Million Americans are considered now long term unemployed. They are not only disconnected from the work force, but may be also disconnected from the mainstream culture. If we can’t get them reconnected, we are looking at devastating costs to not only them, but our society as a whole. There is a 50% increase … Continue reading
North Carolina / GOP Governor Signs Unemployment Insurance Reforms
Gov. Pat McCrory Tuesday signed into law a bill that would rework the state’s unemployment insurance system. House Bill 4 increases taxes for some employers, shortens the number of weeks an unemployed worker is eligible for benefits, and reduces the maximum benefits such a person can receive. The action by the GOP governor came as … Continue reading
Sweden / Seven key facts about unemployment insurance
Today, around 3.4 million workers in Sweden are enrolled in an unemployment insurance fund, according to figures from the Swedish Unemployment Insurance Board (IAF). But figuring out exactly how everything works isn’t always straightforward. Below are a few pointers to bear in mind as you go about signing up. 1) You need to be a … Continue reading
An EU wide unemployment insurance system?
One of the most promising measure normally present in monetary unions is unemployment compensation. This idea is currently being given a push in the EU – including by the Employment Commissioner Laszlo Andor who has talked about it as serving as an automatic stabiliser and argued that “We need and must study the possible set-up … Continue reading
Unemployment Insurance / The bang-for-the-buck among the highest
By the time Congress got around to passing an extension of emergency jobless benefits last week, Clyde Lance no longer needed them. On Dec. 17, his 52nd birthday, Lance started a full-time job helping train technicians for the International Society of Automation in Research Triangle Park, North Carolina, ending a three-year search for a permanent … Continue reading
India / Unemployment Insurance / Uttarakhand removes the cap of one person per family
The Uttarakhand government today decided to liberalise norms for the unemployment allowance scheme in the face of stinging criticism from the opposition. The scheme, which was launched with much fanfare on November 9 last year, had failed to find favour with the jobless mainly due to its stringent norms. The scheme had covered only 834 … Continue reading
Fiscal Cliff / Avoided at What Cost?
Some thoughts on the new fiscal agreement: The economy needs a stimulus, but under the agreement, taxes will go up in 2013 relative to 2012 — not only on high-income households, as widely discussed, but also on every working man and woman in the country, via the end of the payroll tax cut. For most … Continue reading
Denmark / Flexicurity Adjustment: Max UI benefits period cut to two years from four years
The Danish model of mixing flexibility for employers, who can hire and fire personnel easily, with social security for workers, was credited with virtually eradicating unemployment in the Nordic nation, before the financial crisis hit.. The system differs markedly from those in neighbouring Sweden and Germany, where terminating an employee is often expensive and cumbersome. … Continue reading
US / Unemployment Benefits / An increase of 17,000 Claims after a Decline to a Nine-Week Low
SEASONALLY ADJUSTED DATA In the week ending December 15, the advance figure for seasonally adjusted initial claims was 361,000, an increase of 17,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 367,750, a decrease of 13,750 from the previous week’s unrevised average of 381,500. The advance seasonally adjusted insured unemployment … Continue reading
US / Unemployment Benefits / Claims Decline to a Nine-Week Low
Applications for jobless benefits fell by 29,000 to 343,000 in the week ended Dec. 8, the fewest since reaching a four-year low in the period ended Oct. 6, Labor Department figures showed today. Economists forecast 369,000 claims, according to the Bloomberg survey median. The number of people on unemployment benefit rolls declined for a fourth … Continue reading
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