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Posts Tagged ‘unemployment benefits’

Jobless Claims Fall for Fourth Consecutive Week

extra extraThis year is shaping up to be a very good one! Here’s why: the Labor Department reported jobless claims totaling 280,000 for the week ending December 20. This is a decrease of 9,000 from the previous week’s level of 289,000.

This is also a lower number than economists surveyed by Bloomberg. Their original projection? 290,000! This marks the fourth consecutive week of a decline in unemployment claims. Read more

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Jobless Claims Drop; Economists Rejoice

job searchGood news on the job market front! The number of Americans filing for unemployment benefits dropped last week.

For the week ending December 13, the fewest claims were made since early November, according to the Department of Labor. The magic number was 289,000 and we simply have to mention claims have been less than 300,000 for the past 14 weeks!

This means just what you think — employers aren’t giving pink slips as fast and furiously as they previously were and hiring is as its strongest since 1999.

According to a piece on Bloomberg, Stephen Stanley indicated, “Labor demand has in fact picked up a bit.”

The chief economist at Amherst Pierpont Securities mentioned in a research note, “Chair Yellen set continued improvement in labor market conditions as the key requirement to justify liftoff at some point next year, and the data continue to support that scenario.”

Study Shows States Experienced Minimal Savings by Cutting Unemployment Benefits

ImproveJobProspectsAccording to a recent study, many states that cut back unemployment benefits post-recession actually experienced minimal savings.

The Economic Policy Institute (EPI) issued the study and discovered that six of eight states that cut benefits didn’t have significant savings as a result. In fact, the states saved merely 37 cents per week for every employed worker in their state. This is in comparison to the $252 lost by unemployed workers on a weekly basis. Read more

Jobless Claims Drop Showing Strong Sign for Job Market

Job-SearchAccording to the Department of Labor, the number of Americans filing new unemployment benefit claims last week suddenly dropped. This is particularly good news to signify the labor market recovery.

Essentially, initial claims by state dropped 3,000 to a total of 302,000 for the week ending July 12. Per Reuters, economists forecasted first-time applications for jobless benefits at 310,000. And the four-week average of claims is in the vicinity of 309,000. That’s the lowest level since June 2007! Read more

Jobless Claims Rise During Holiday Week

job searchAccording to a story on Bloomberg, more Americans filed applications for unemployment benefits last week than originally anticipated. Apparently the Easter holiday break made it difficult to ascertain data for seasonal deviations.

For the week ending April 29, jobless claims increased by 24,000 for a total of 329,000. As per 44 economists surveyed by Bloomberg, they predicted a number of 315,000. A Labor Department spokesperson indicated to the press that it’s hard to quantify numbers from year to year during spring holidays. Read more

ADP Report Reveals Slow Job Movement in February

ImproveJobProspectsThe monthly jobs report will be released this Friday by the Department of Labor but if ADP’s news is any indication, it won’t exactly be strong.

Per a private report based on various payrolls, companies apparently added less workers in February than experts initially projected. Read more

Man Gets Fired for Using Forklift to Retrieve Vending Machine Candy

twixEver have one of those days where you simply needed a little boost and plunked loose change into a vending machine for a sugary treat?

If you’re Robert McKevitt of Spirit Lake, Iowa, you’ve certainly had one of those days. And then some.

The 27 year-old got fired for trying to retrieve a candy bar from a vending machine. Check that — we need to add one minor detail. An 8,000-foot forklift was involved! Read more

Moving From a Swanky Corner Office Into a Cubicle: Do You Have a Right to Complain?

cubiclesWhen we read this piece in today’s New York Post, we half-heartedly nodded our heads in agreement. A reader is concerned about moving from a windowed office into a cubicle.

She or he writes, “I hate it. I can’t concentrate with all the noise and activity and my productivity is going to suffer.”

Although the disgruntled employee is concerned this isn’t the environment they signed up for when accepting the job, he or she wants to claim that work conditions have changed. Better yet – the reader wants to negotiate unemployment benefits.

We feel some empathy to the employee. After all, we’ve been in situations where we’ve moved from swanky corporate real estate into a cubicle and it greatly reduced our productivity.

But to take it so far to ask about claiming unemployment? Really?! Read more

Senate Defeats Bills to Extend Unemployment Benefits

moneyThe Senate attempted to reach an agreement on a short or longer-term extension of unemployment insurance (either three months or 11 months) but alas, the issue has fallen short.

We feel like there’s no much more to even say. Sure, we could go into statistics like the cost of $6.4 billion to the government for the extension of three months.

Or we could point out a statistic of 2.3 million children last year living in our country with at least one parent who was looking for a new job for at least six months, per the Urban Institute and published by The Wall Street Journal. Compared to the number of 754,000 in 2007, that’s quite significant.

Read more

Unemployment Benefits Expire for 1.3 Million Americans

moneyToday is certainly not a good day for the long-term unemployed.

As of today, 1.3 million Americans are impacted as they’re cut off from unemployment benefits.

Fox News and the Associated Press report President Obama has reached out to two senators with his support in their proposal to expend the jobless aid for three months.

In a statement, White House Principal Deputy Press Secretary Josh Earnest indicated:

“This morning, the President placed separate telephone calls to Senator Jack Reed and Senator Dean Heller to offer his support for their proposal to extend emergency unemployment benefits for three months. The President said his administration would, as it has for several weeks now, push Congress to act promptly and in bipartisan fashion to address this urgent economic priority.” Read more

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