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Showing posts with label Unemployment Rate. Show all posts
Showing posts with label Unemployment Rate. Show all posts

Wednesday, August 12, 2015

Workers’ Compensation Benefits for Injured Workers Continue to Decline While Employer Costs Rise

Study Finds Benefits as a Share of Payroll Approach Lowest in Three Decades

Workers’ compensation benefits as a share of payroll for injured workers continue to decline even as employment grows and overall employer costs increase, according to anew report from the National Academy of Social Insurance (the Academy).

Sunday, December 29, 2013

Where the 1.3 million people losing unemployment aid this week live

NJ is going to suffer the most by the termination of the unemployment benefit extension. Today's post was shared by Steven Greenhouse and comes from www.washingtonpost.com

Darker shading means a larger share of a state's population will lose emergency jobless benefits on Saturday. Scroll down for an interactive map.
Darker shading means a larger share of a state's population will lose emergency jobless benefits on Saturday. Scroll down for an interactive map.
Darker shading means a larger share of a state’s population will lose emergency jobless benefits Saturday. Scroll down for an interactive map. (Committee on Ways and Means Democrats/Labor Department)
A projected 1.3 million people will lose emergency unemployment benefits when they expire Saturday.
Congress offered the extended benefits as unemployment ballooned during the Great Recession and has put off their expiration 11 times since. Renewing the long-term insurance is a top agenda item for the Senate when it convenes  Jan. 6, Sen. Majority Leader Harry Reid (D-Nev.) has said. The body is expected to vote quickly on a three-month extension of the benefits.
Recipients still face, at best, a delay in their checks and, at worst, a permanent end to them. When the aid expires Saturday, the unemployed will only be able to collect a maximum 26 weeks of benefits in most parts of the U.S., down from about twice as much in many states.
The recession may technically be over, but for many the recovery has yet to begin. The plight of the long-term unemployed — a group the benefits are aimed at helping and whose ranks have swelled — has also proven particularly difficult to solve. Studies have shown that they are more likely to suffer mental-health setbacks and are less likely to be...
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Friday, December 27, 2013

10 Reasons That Long-Term Unemployment Is a National Catastrophe

Today's post was shared by Mother Jones and comes from www.motherjones.com

Unemployment is bad. Obviously long-term unemployment is worse. But it's not just a little worse, it's horrifically worse. As a companion to our eight charts that describe the problem, here are the top ten reasons why long-term unemployment is such a national catastrophe:
  1. It's way higher than it's ever been before. When the headline unemployment rate peaked in 2010, it was actually a bit lower than the peak during the 1980 recession and only a point higher than the 1973 recession. As bad as it was, it was something we'd faced before. But the long-term unemployment rate is a whole different story. It peaked at a rate nearly double the worst we'd ever seen in the past, and it's been coming down only slowly ever since.
  2. It's widespread. There's a common belief that long-term unemployment mostly affects older workers and only in certain industries. In fact, with the exception of the construction industry, which was hurt especially badly during the 2007-08 recession, "the long-term unemployed are fairly evenly distributed across the age and industry spectrum."
  3. It's brutal. Obviously long-term unemployment produces a sharp loss of income, with all the stress that entails. But it does more. It produces deep distress, worse mental and physical health, higher mortality rates, hampers children’s educational progress, and lowers their future earnings. Megan McArdle summarizes the research
    findings this way: "Short of death or a debilitating terminal disease,...
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