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Daily News Update
July 24, 2016 Update: Federal Unemployment Extension. July marks the 7th year of the economic recovery. In 2016, the economy has expanded by 2.6% or more than two times faster than the economic forecast. Manufacturing orders are also on the rise. The new number of unemployment benefits claims decreased by 1,000, to reach a total of 253,000, the lowest level since the beginning of summer, mainly due to job gains in NY and MI offset by job losses in GA and CA. The four-week moving average fell by 1,250, to reach 257,750. Insured unemployment decreased by 25,000 to reach 2.13 million. More news
July 17, 2016 Update: Reported by the Department of Labor Statistics, the current average hourly rate is at $25.61 (an increase of 65 cents compare to July 2015). The new number of unemployment benefit claims is flat at 254,000. The four-week moving average decreased by 5,750, to reach 259,000. Insured unemployment increased by 32,000 to reach 2.15 million. More news
July 10, 2016 Update: June`s national unemployment rate increased to 4.9% mostly due to temporary jobs. The US economy added a total of 287,000 new jobs in Leisure, Hospitality, Education and Healthcare, while Transportation and Warehousing lost jobs. The real unemployment rate rose by 0.1% to 8.5%. The labor participation rate improved by 0.1% to 62.7% (still significantly lower than pre-recession 66.2%). The weekly claims for unemployment benefits decreased by 16,000, to reach 254,000. The four-week moving average fell by 2,500, to reach 264,750. Insured unemployment dropped by 44,000 to reach 2.12 million.
July 2016 Unemployment Update
Latest July 2016 news regarding the extension. For those who were not certifying for federal extension benefits due to going back to work, school or other situation but still had a remaining balance left on a federal extension claim, they have to reopen their claim if they are in need of extended benefits. The EDD recommends submitting a claims online to reopen their extension claims.
Employers added more jobs in June of 2016.
Reported in July of 2016, 287,000 new jobs were created in June. The unemployment rate increased to 4.9% with a total of 7.8 million unemployed (was 4.7% / 7.4 million in May of 2016). June`s unemployment rates among population segments were as follows: for Asians 3.5% (down 0.6%), Whites 4.4% (up 0.3%), adult women 4.5% (up 0.3%), adult men 4.5% (up 0.2%), Hispanics 5.8% (up 0.2%), African Americans 8.6% (up 0.2%), and teenagers at 16.0% (flat). Non-farm, seasonally adjusted employment increased by 67,000 to 151.1 million (was 151.0 million in May). The number of long-term unemployed increased to 2.0 million in June (up 94 thousand) or 25.4% of all unemployed. The unemployment rate in June increased for both the short- and long-term unemployment categories, while it decreased for those unemployed for 5-26 weeks.
The real national unemployment rate decreased to 8.5% (up 0.1% since May). The rate is 1.2% higher than the pre-recession rate of 7.3%. There are currently 5.7 million (down 231 thousand) individuals who want a job but are not considered unemployed and thus not part of the official unemployment figures.
Economists don`t expect any significant improvements in already thriving US economy in July or August of 2016. Most of the month over month job gains came from Leisure and Hospitality with 59,000 additional jobs created in June, followed by Education and Healthcare with 59,000 incremental jobs while Transportation and Warehousing lost 9,000 and Mining lost 5,000 jobs (or over 200,000 in the past two years).
Labor Force Participation rate in May of 2016 declined to 62.6% (63.0 in March and 62.8 in April 2016) or 3.6% lower than in January 2008 of 66.2%, the highest pre-recession employment level. Staggering 1.7 million of the high-paying US manufacturing jobs have been lost since 2007 (12.3 million in April 2016 vs. 14.0 million in January 2007), and instead have been replaced by substantially lower-paying service jobs. Also, the long-term unemployed (out of work for 27 consecutive weeks or longer) still find it extremely challenging to return back to work, as employers perceive their skills as outdated. Teenagers (16-19 years old) are still the most impacted population group with the highest unemployment rate of 16.0% (flat to 16.0% in April 2016) and the longest unemployment across all races, genders and age groups.
Unemployment News & Resources
June 17, 2015: Improving unemployment claims figures and a 15-year low unemployment rate are not the best indicators of the health of the labor market. In fact, the insights they provide are inadequate to determine why unemployed individuals may no longer be in the labor force. For example, 6.5 million of US unemployed are still looking for jobs but no longer considered part of the 5.3% May unemployment rate. Continue reading
May 26, 2015: While over 50% of all low-end jobs at Fortune 500 companies are occupied by women, only 1 out of 7 corporate board and executive roles are held by women. Women are also more pre-disposed to get trapped in low-paying jobs than their male counterparts. Here are some answers. Continue reading
May 2, 2015: Bureau of Labor Statistics recently reported that the oil and gas industry lost roughly 2,000 jobs. That announcement came as a shocking surprise to individuals affected by layoffs in that industry. Based on alternative sources, the job losses were significantly understated in comparison to what was actually taking place. Industry review published by Challenger, Gray & Christmas proclaimed shocking 21,300. The drop in oil price alone accounted for 20,000 lost jobs in Texas. Here is why the figures are so different. Continue reading
April 27, 2015: 2016 presidential race is heating up. Four major contenders, among them one Democrat and four Republicans, have already tossed their hats into the ring. Here is how these four presidential hopefuls propose to tackle the unemployment. Continue reading
April 20, 2015: In spite of multiple warnings that number of states have overpaid millions of dollars in unemployment benefits, they have continued issuing such benefits to state employees, prisoners, and even the dead individuals, while 3 million people who are considered long-term unemployed receive no benefits at all. Continue reading
April 14, 2015: A new research conducted by the Emory University of Atlanta found that depression among unemployed young adults is three times as high as that among their employed peers. The study suggests that a high unemployment rate isn’t just an economic issue. It is also a public health problem. Continue reading
April 6, 2015: Despite weaker economic growth in the 1st quarter of this year, eight states have already reduced the unemployment benefits to less than 26 weeks, while others are exploring the possibility of either decreasing the number of weeks or cutting the weekly amounts. Much of this notion is driven by the fact that lately claims have experienced a significant decline. Continue reading
March 29, 2015: Unemployment numbers reported in February exceeded the expectations of economists and asserted that unemployment improved to pre-recession level. While this is certainly good for the U.S. economy, the long-term unemployment figures have changed very little. There are currently 2.7 million long-term unemployed that account for 31% of all unemployed Americans. These individuals may experience a reduction of their wages up to as much as 10% for as long as ten years after getting hired. Continue reading
March 18, 2015: A new study conducted by the National Bureau of Economic Research claims that Congress’s decision not to extend unemployment benefits in 2014 truly helped workers and created 1.8 million extra jobs. So what is the conclusion? Cut the unemployment benefits and unemployment will go down. The facts, as it turns out, are far more complex. Continue reading
March 3, 2015: Long-term unemployed or recently lost your job? Depression and suicidal thoughts start invading your mind? Well, you are not alone. According to the latest study conducted by Swiss scientists, about 20% of all suicides are linked to unemployment. Also, if you can recommend any local suicide help services, support groups or hotlines, please forward this information to us and we will share it with those in need. Continue reading
February 18, 2015: In the past 13 month, the economy added almost 3.5 million new jobs, including 750,000 in November and December. The labor participation rate grew to 62.9% from 62.7% in December. Also, here is why the unemployment rate increased to 5.7% in January. Continue reading
February 8, 2015: Regardless of the fact that over 2% of the country’s labor force is still unemployed for more than six months, the steadily declining weekly initial unemployment claims signify an ever strengthening employment market. Our analysis indicates that Republicans will be focusing on cutting expenses rather than funding EUC this year. The overall expectation is that the unemployment rate will drop so low by mid-2015 that employers will start hiring long-term unemployed. Continue reading
January 29, 2015: What will the US unemployment situation look like in 2015? Let’s take a look at some of the most important unemployment predictions. The economy generated an impressive 2.95 million new jobs. Joblessness rate fell to 11.2%. People are getting hired, but wages are still stagnating. Projections indicate that wages will increase by 2.5% this year. Continue reading
January 22, 2015: “2014 was a truly outstanding year for the labor market,” James Marple, an economist at TD Securities, explained, “Companies are increasingly looking to hire.” Economists forecast that in 2015, the U.S. economy will continue powering ahead of other large economies, notably those of Europe with the grow of more than 3%. Long-term unemployment fell by 27% last year. Still more must be done to boost stagnating wages. Continue reading
January 15, 2015: As a result of high student loan burdens, in conjunction with high rates of unemployment and underemployment, 7 million Americans or 18% of all education debt holders defaulted on their student loans. With over 60 percent of employers checking credit scores before hiring or promoting, ineligibility for some federal jobs, and withheld educational transcripts, those who need employment most desperately, suffer the most. Continue reading
January 7, 2015: While the short-term unemployment rate is on the decline, over 2% of the labor force remains long-term unemployed. What is even worse, finding and keeping jobs can be particularly problematic for the long-term unemployed. 30% of the long-term unemployed that eventually find a job lose it within 12 months. Studies reveal discrimination towards the long-term unemployed, also known as an “unemployment trap”. Continue reading
December 30, 2014: While the unemployment rate may have settled at a 6-year low, it can certainly be argued that the need to extend unemployment benefits still exists. The Bureau of Labor Statistics announced that the long-term unemployment situation hasn`t improved and approximately 2.8 million people or about 2% of the country`s workforce remain unemployed for more than 27 weeks. Continue reading
December 22, 2014: With 40% of workforce underemployed, Wal-Mart is notorious for its practice of intentionally low working hours and cuts in health care coverage. While the underemployment crisis might seem like a problem of individual employees, it has economic implications for the entire country. Continue reading
December 15, 2014: Colorado’s unemployment rate is down to an impressive 4.3 percent. That is the lowest level since March of 2008 and down from 4.7 percent in September of this year. Here is what keeps it so low and also why this may actually hurt Colorado`s economy. Continue reading
December 8, 2014: In November, President Obama announced that he will use his executive powers to provide immigration relief to an estimated 5 million undocumented immigrants. Will Obama’s Immigration Action Mean Fewer Jobs for Americans? Continue reading
December 2, 2014: These 9 cities weathered the Great Recession and now boasting the lowest unemployment rates in the United States. Out of work for over 26 weeks? Why not to consider moving there? Continue reading
November 26, 2014: According to the Labor Department, African-American unemployment rate still hovers above 10%, while Caucasian men in America are unemployed at a rate of roughly 4.4 percent. Studies show that white applicants with a criminal record are more likely to get employed than a black applicant with no criminal record. Continue reading
November 18, 2014: Recently, there has been little word from either side of the aisle regarding a possible extension of unemployment benefits for the long-term jobless. At the same time almost 150 workers of Fusion Paperboard received notice that they will qualify for extended unemployment benefits. After exhausting their original 26 weeks of unemployment benefits, Fusion Paperboard employees will qualify to receive additional two and a half years of benefits. Continue reading
November 11, 2014: Citizens and politicians alike are quick to gripe about the United State’s seemingly high unemployment rate. Are things really so bad? Take a look at these four countries with outrageously high unemployment rates. Continue reading
November 5, 2014: Now that Republicans declared a victory in the House of Representatives and national unemployment rate is at 5.9 percent, emergency unemployment benefits (EUC) may never see the light of day. Either way, it is now up to Republicans to deal with the current economic issues. Continue reading
November 2, 2014: Unemployment rates for America`s least educated workers with high school diploma declined much sharper - from 6.2% to 5.3% because most of the post-recession economic growth took place in low-wage sectors. Here is how this will benefit you. Continue reading
October 20, 2014: 20% of Workers Laid Off in the Past 5 Years Are Still Unemployed Today. Unemployment rate among the workers who remain jobless for more than six months is among the most persistent, negative effects of the Great Recession. Long-term unemployment remains above pre-recession levels in 41 states. Continue reading
October 15, 2014: Will the Unemployment Extension be renewed in 2014? Here’s why Obama and Boehner blame both the unemployed as well as lengthy Congressional recesses for missing the Unemployment Extension bill. Continue reading to find out.
October 8, 2014: Some call them “the lost generation”. Many believe their "wage scars" will last upwards of twenty years and they will never be able to retire. It is estimated that federal and state governments are losing approximately $8.9 billion in revenue each year because of them. They tear at the very fabric of American society. Continue reading to find out if you are one of them.
September 23, 2014: While the resession may not be over yet, the unemployment rates inch up and there is still no sight of an unemployment extension 2014 bill. According to the Census Bureau, the poverty rate in the United States declined to 14.5 percent, showing 0.5% year-over-year decrease. Continue Reading
September 18, 2014: US unemployment rate is perceived as a major indicator of economic health. It is cited more than any other statistical figure in the world. But now its accuracy has been challenged and here is the reason why. Continue Reading
August 26, 2014: "Human Capital Dynamics and the U.S. Labor Market" report recently released by Federal Reserve Bank of Atlanta indicates that the unemployment extension had no positive impact on employment rate. Continue Reading
August 8, 2014: The portion of Americans between the ages of 25 and 34 who were working in April fell to a five-month low of 75.5%.
Read More: Recent College Grads & Unemployment: How Many Graduates Can Actually Find Jobs? July 22, 2014: Feds recently announced 6.1 percent unemployment rate, which is lowest since George W. Bush was president. But what is the true nature of the unemployment rate? A record 92.5 million people are out of the work force, the cost of gas and food are at all-time sustained highs as is the stock market, and the failure to extend federal unemployment insurance benefits has a downward effect on the unemployment rate, making it look better than it actually is. Also can look at where jobs have been created, which, for the most part, aren`t in high-paying sectors... (Continue reading) July 7, 2014: Federal Funding Available for College Course. Pell Grants Give Up to $5,500 for Training. June 20, 2014: Unemployment Offers Opportunities for New Jobs Training. May 27, 2014: Unemployment Drops as Lawmakers Debate Benefits Extension. May 24, 2014: Federal Lawmakers Continue Wrangling Over Unemployment Extension
Federal tiers are determined by the state`s unemployment rate where the unemployed individual chooses to file for benefits.
US employment is 113,000 jobs short of its highest figure in Jan 2008. Do you feel that the economy is back to normal? Share with us your opinion.
The Online Filing Directory
Benefit Extension: Your eligibility and the total amount of weeks for compensation are the major changes in the 2012 legislation bill. Congress has permitted States to administer drug testing for unemployed individuals seeking an extension of benefits if they were previously laid off due to the use of drugs.
In order to obtain the full 73 weeks of State compensation update, most states still require an active job search, as was the case in 2012.
State requirements of unemployment will vary, relying heavily on the seasonally adjusted unemployment rate.
Extension of Compensation
*Individuals who have collected all regular State benefits are those who can seek eligibility for the new unemployment bill, by starting with 13 weeks of federal extended benefits, referred to as extended Federal benefits or the "EB" Program. The EB Program is also relies on the state`s economic status to determine lengths & amounts.
After utilizing your Extended Benefits for 13 weeks, unemployed individuals can continue receiving benefits through the EUC (More on Emergency Unemployment Compensation). 2013 Extended benefit lengths are determined by which tier the individual falls into. The new Senate bill of December 2012 is comprised of 4 separate EUC tiers (each tier defines how long your extension will last).
Passing of the New Legislation Bill:
Federal Tiers Structure
(63 Weeks to 73 Weeks)
Details of the new enacted tiers, and a comprehensive benefit calculator is available to claimants. These changes were enacted on June 1, 2012 (prior to June, all tiers remained the same for claimants as was the case in 2011 for 99ers. It is important to note that in 2013, there is no tier 5 (99 weeks was reduced to 73 weeks). The 2013 legislation terms for the bill are as follows:
Extended Benefits For 73 Weeks
(UNTIL END OF 2013)
- Tier 1: 14 weeks
- Tier 2: 14 weeks
- Tier 3: 9 weeks
- Tier 4: 10 weeks (when your State is 9% or higher - if your State is losing extended benefits, then you are entitled to 16 weeks of unemployment insurance. Depending on the date you lost your job, you may qualify for a different tier structure.
(TO AUGUST OF 2012)
- Tier 1: 20 weeks
- Tier 2: 14 weeks IF state rate passes 6%.
- Tier 3: 13 weeks IF state rate passes 7%.
- Tier 4: Six weeks IF state rate passes 9%
(SEPTEMBER `12 - DECEMBER `13)
- Tier 1: 14 weeks
- Tier 2: 14 weeks IF state rate passes 6%.
- Tier 3: 9 weeks IF state rate passes 7%.
- Tier 4: 10 weeks IF state rate passes 9%
Maximum Amount of Weeks For Collecting (2012-2013)
Here is an overview of the maximum lengths this year:
- FROM MARCH TO MAY: 99 WEEKS
- FROM JUNE TO AUGUST: 79 WEEKS
- FROM SEPTEMBER TO DECEMBER: 99 WEEKS
Initial Claims (by State)
Unemployed individuals are welcome to check the news update section for the latest legislation revisions to all State benefit plans.