News Forum

Unemployment aid applications tick down to 400K

 
 



Go Back   News Forum > Top Stories > Breaking News
Breaking News Forum Unemployment aid applications tick down to 400K at News Forum - AP - The number of people seeking unemployment benefits dipped last week, a sign the job market may be improving ...

Reply
 
LinkBack Thread Tools Display Modes
Old 08-04-2011, 07:50 AM   #1
Senior Member
 
NF Reporter's Avatar
 
Join Date: Nov 2006
Posts: 68,662
Default Unemployment aid applications tick down to 400K

AP - The number of people seeking unemployment benefits dipped last week, a sign the job market may be improving slowly.




Unemployment aid applications tick down to 400K
NF Reporter is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 08-24-2011, 04:39 PM   #2
Senior Member
 
Join Date: Aug 2007
Location: Okolona, Ky.
Posts: 26,973
Angry

Uncle Ferd says it gonna be rough for a long time...

CBO: Unemployment Will Remain Above 8 Percent Until 2014
Wednesday, August 24, 2011 - The Congressional Budget Office projected today that the national unemployment rate will remain above 8 percent until 2014—or until at least a year after the end of the four-year term President Barack Obama won in 2008 and began on Jan. 20, 2009.
Quote:
“With modest economic growth anticipated for the next few years, CBO expects employment to expand slowly,” says the budget report the CBO released today. “The unemployment rate is projected to fall from 9.1 percent in the second quarter of 2011 to 8.9 percent in the fourth quarter of the year and to 8.5 percent in the fourth quarter of 2012—and then to remain above 8 percent until 2014.”

According to the federal Bureau of Labor Statistics, the last time the national unemployment rate was below 8 percent was in January 2009, the month President Obama was inaugurated. That month it stood at 7.8 percent. By February 2009, the month during which President Obama signed his economic stimulus law, the unemployment rate had risen to 8.2 percent.

If the CBO's projection proves correct, the unemployment rate will have remained above 8 percent for every month of Obama’s four-year term following his signing of the economic stimulus law. In January 2009, Obama’s top economic advisers predicted that the stimulus would keep unemployment from rising above 8 percent.

CBO: Unemployment Will Remain Above 8 Percent Until 2014 | CNSnews.com
waltky is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 08-13-2012, 09:52 PM   #3
Senior Member
 
Join Date: Aug 2007
Location: Okolona, Ky.
Posts: 26,973
Angry

Millionaires gettin' unemployment...

2,362 Millionaires Got Unemployment Benefits
August 13, 2012 - There were 2,362 people who earned a million dollars or more in taxable income in 2009 and who also received federal unemployment benefits that year, according to a report by the Congressional Research Service.
Quote:
In fact, these millionaires collectively raked in more than $20 million in unemployment benefits. The Congressional Research Service report--Receipt of Unemployment Insurance by Higher-Income Unemployed Workers (“Millionaires”)--was published on Aug. 2 and was based on the most recent data available from the Internal Revenue Service. “Among tax filers with AGI [Adjusted Gross Income] of $1 million or more, 2,840 reported receipt of unemployment benefit income in 2008 and 2,362 tax filers reported receipt of unemployment benefit income in 2009,” the CRS reported. The CRS reported that millionaires received $20.8 million in federal unemployment benefits in 2009, up from $18.6 million in 2008. That averages out to $8,806 in unemployment benefits per millionaire.

Unemployment insurance is a joint federal-state program and is funded by a payroll tax assessed against all workers. In the four years preceding 2012, according to the Tax Foundation, the unemployment insurance system was in the red. "Between 2008 and 2011, $174 billion was paid in unemployment taxes while $450 billion was paid out in benefits, a gap of $276 billion," the Tax Foundation said. Department of Labor regulations require that unemployment benefits must be paid to all unemployed workers regardless of their income. "This requirement is based upon a 1964 U.S. Department of Laobr (DOL) decision that precludes states from means-testing to determine UC [unemployment compensation] eligibility," the CRS said in its report. "Under this interpretation, federal law requires entitlement compensation to be determined from facts or causes related to the individuals state of unemployment," said CRS. "Thus, the DOL requires that states pay compensation for unemployment to all eligible beneficiaries regardless of their income level because individual or household income would not be considered to impact the fact or cause of unemployment."

In addition to the 2,362 people with adjusted gross incomes of $1 million or more who got unemployment benefits in 2009, there were also 8,335 people with incomes between $500,000 and $1 million who received benefits and 120,227 with incomes between $200,000 and $500,000 who received benefits. On July 17, House Minority Leader Steny Hoyer said that unemployment benefits along with food stamps were the two most stimulative things the government could do for the economy. "If you talk to economists, they will tell you there are two things that are the most stimulative that you can do--one’s unemployment insurance, the other’s food stamps, okay?” said Hoyer. “Why is that?” Hoyer said. “Because those folks who receive those resources must spend them. And they’ll spend them almost upon receipt. Most economists with whom I talk believe that those with significant discretionary income, that that’s not the case.”

Source
waltky is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Old 05-04-2013, 10:16 PM   #4
Senior Member
 
Join Date: Aug 2007
Location: Okolona, Ky.
Posts: 26,973
Angry

Granny says sequester not hurtin' gubmint employees...

Government Unemployment Rate Drops Again--to 3.3%
May 3, 2013 – While overall unemployment remained largely unchanged in April at 7.5 percent, the rate for government workers continued to improve, dropping to 3.3 percent.
Quote:
The unemployment rate for civilian government workers dropped to 3.3 percent in April from 3.6 percent in March, according to the Bureau of Labor Statistics. The rate has dropped a half percentage point since February. In March, there were 786,000 unemployed federal, state and local governments in the United States. In April, that declined by 71,000 to 715,000.

In July 2012, the unemployment rate for government workers was as high as 5.7 percent, according to the BLS, and the rate has been in a steady decline since. The current unemployment for government workers at 3.3 percent is the lowest rate since April 2011. In April there were 20,269,000 total government workers in the U.S.

The Bureau of Labor Statistics counts someone as a government worker if they are not in the military and they are currently employed by any level of government—local, state or federal—or they are unemployed, they are looking for work, and their last job was for any level of government. Overall, unemployment dropped slightly to 7.5 percent, with payrolls adding 165,000 jobs.

Government Unemployment Rate Drops Again--to 3.3% | CNS News
See also:

More 'Discouraged Workers' in April, Says Labor Dept.
May 3, 2013 – There were 33,000 more "discouraged workers" in April, according to the latest economic release from the Bureau of Labor Statistics.
Quote:
The BLS defines discouraged workers as “persons not currently looking for work because they believe no jobs are available for them.”

In April, there were 835,000 discouraged workers, up from 803,000 discouraged workers in March.

The unemployment rate overall for April dropped slightly, to 7.5 percent from 7.6 percent in March, with payrolls adding 165,000 jobs.

The long-term unemployment rate also remained high at 37.4 percent.

More 'Discouraged Workers' in April, Says Labor Dept. | CNS News
Related:

9.5 Million People Have Left the Workforce Under Obama
May 3, 2013 – 9.5 million Americans have left the workforce during the presidency of Barack Obama, according to the Bureau of Labor Statistics.
Quote:
In April, the total number of Americans counted as "not in the labor force" declined for the first time since December, but that number was still near a record high at 89,936,000. Those not in the labor force declined by 31,000, from a record high of 89,967,000 in March. That broke the recent record of 89,304,000 not in the labor force in February of this year.

Since February 2009, the first full month of Obama’s presidency, 9,549,000 people have left the labor force. There were 80,387,000 Americans not working that month, compared with 89,936,000 not working or looking today, according to the latest economic release from BLS.

The Bureau of Labor Statistics (BLS) labels people who are unemployed and no longer looking for work as “not in the labor force,”and that includes people who have retired on schedule, taken early retirement, or simply given up looking for work. In the 50 months since Obama has been in office, the number of people counted as not in the labor force has declined 16 times.

http://cnsnews.com/news/article/95-m...ce-under-obama

Last edited by waltky; 05-04-2013 at 10:26 PM.
waltky is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Unemployment benefit applications drop sharply NF Reporter Breaking News 3 02-11-2013 05:10 PM
Unemployment aid applications stuck at high level NF Reporter Breaking News 3 02-01-2013 10:28 AM
Unemployment applications jump by most in a month NF Reporter Breaking News 3 01-29-2013 11:41 PM
Futures tick lower with data on tap NF Reporter Business 0 06-01-2011 07:30 AM
Wall Street futures tick up NF Reporter Business 0 11-02-2007 05:47 AM


All times are GMT -5. The time now is 07:25 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.

SEO by vBSEO 3.2.0 ©2008, Crawlability, Inc.