Unemployment Extension News
News Update: June's National unemployment figures were released today, showing a decrease in the unemployment figures nationwide:
7/12/2015: in July of 2015 : Released by the Department of Labor Statistics, the number of new claims for unemployment benefits increased by 15,000 last week, to reach a total of 297,000 with most of job losses in NJ, MA, CA, and CT in education and service industries. The four-week moving average expanded by 4,500, to reach 279,500. Insured unemployment increased by 69 thousand to reach 2,334 thousand, the highest increase since November 2014.
7/7/2015: in July of 2015 : As announced today by the Department of Labor Statistics, June's national unemployment rate is at 5.3%. This 0.2% decrease from May's figure is mostly due to 0.3% (or 432,000 individuals) contraction in the labor force participation rate to 62.6%. Professional, business services and health care were identified as primary drivers behind the increase of 223,000 in the employed population.
7/2/2015: in July of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits increased by 10,000 last week, to reach a total of 281,000. The four-week moving average rose by 1,000, to reach 274,750. Insured unemployment increased by 15 thousand to reach 2,264 thousand.
6/30/2015: in June of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits increased by 3,000 last week, to reach a total of 271,000. The four-week moving average declined by 3,250, to reach 273,750. Insured unemployment increased by 22 thousand to reach 2,247 thousand.
6/21/2015: in June of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits decreased by 12,000 last week, to reach a total of 267,000. The four-week moving average declined by 2,000, to reach 276,750. Insured unemployment dropped by 50 thousand to reach 2,222 thousand.
6/17/2015: in June of 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 5.5% May unemployment rate. Continue reading
6/14/2015: in June of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits increased by 2,000 last week, to reach a total of 279,000. The four-week moving average rose by 3,750, to reach 278,750. Insured unemployment increased by 61 thousand to reach 2,265 thousand. Over the year, the total number of long-term unemployed decreased by 849,000 to 2.4 million, the Labor force participation rate slightly rose to 62.9%, and employment to population ratio increased by 0.5% to 59.4%.
6/7/2015: in June of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits decreased by 8,000 last week, to reach a total of 276,000. The four-week moving average increased by 2,750, to reach 274,750. Insured unemployment dropped by 30 thousand to reach 2,196 thousand.
6/1/2015: in June of 2015 : Reported by the Department of Labor Statistics, unemployment claims increased by 7,000 last week to reach a total of 282,000. The moving average for four-weeks rose by 5,000 to reach a total of 271,500. Insured unemployment increased by 11 thousand to reach 2,222 thousand.
5/26/2015: in May of 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
5/24/2015: in May of 2015 : The Labor Statistics Department reported that the number of new unemployment claims increased by 10,000 last week, to reach a total of 274,000. The four-week moving average decreased by 5,500, to reach 266,250 - the lowest level since 2000.
5/18/2015: in May of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits decreased by 1,000 last week, to reach a total of 264,000. The four-week moving average decreased by 7,750, to reach 271,750 - the lowest level since April 2000. The largest decreases were in MA, GA, and CA.
5/8/2015: in May of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits increased by 3,000 last week, to reach a total of 265,000. The four-week moving average decreased by 4,250, to reach 279,500 - the lowest level since May 2000. The largest decrease is in NY, followed by CA and MI due to fewer layoffs in multiple industries.
5/2/2015: in May of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits decreased by 34,000 last week, to reach a total of 262,000 - the lowest level for unemployment claims since April 2000 when it was 259,000. The four-week moving average decreased by 1,250, to reach 283,750. Federal Reserve anticipates the unemployment rate to go down to 5% sometime this year.
4/30/2015: in April of 2015 : According to the Department of Labor Statistics, the number of new claims for unemployment benefits decreased by 34,000 last week, to reach a total of 262,000 - the lowest level for unemployment claims since April 2000 when it was 259,000. The four-week moving average decreased by 1,250, to reach 283,750. Federal Reserve anticipates the unemployment rate to go down to 5% sometime this year.
4/27/2015: in April of 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
4/26/2015: in April of 2015 : According to the Labor Statistics Department, initial unemployment claims increased by 1,000 last week to reach a total of 295,000. The 4-week moving average increased by 1,750 to reach a total of 284,500. Most of the increase is due to layoffs across multiple industries in CA, NY, and NJ.
4/20/2015: in April of 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
4/19/2015: in April of 2015 : Reported by the Department of Labor Statistics, unemployment claims increased by 12,000 last week to reach a total of 294,000. The moving average for four-weeks rose by 250 to reach a total of 282,750. Insured unemployment decreased by 40 thousand last week to reach 2,268 thousand - the lowest level since December 2000 when it was 2,263 thousand.
4/14/2015: in April of 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
4/9/2015: in April of 2015 : Reported by the Labor Statistics Department, initial unemployment claims increased by 14,000 last week to reach a total of 281,000. The 4-week moving average decreased by 3,000 to reach a total of 282,250 - the lowest level since mid-year of 2000 when it was 281,500.
4/6/2015: in April of 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
4/2/2015: in April of 2015 : Published by the Department of Labor Statistics, the number of new unemployment claims decreased by 20,000 to reach 268,000. The 4-week moving average declined by 14,750 to reach 285,500. TX lost jobs across multiple industries while TN, CA, PA, and MI saw significant improvements in unemployment. The unemployment rate in March 2015 remained at the same 5.5% level as in February.
3/29/2015: in March of 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
3/22/2015: in March of 2015 : The Labor Statistics Department reported that the number of new unemployment claims increased by 1,000 to reach a total of 291,000. The previous week's claims numbers were revised from 289,000 to 290,000. The 4-week moving average increased by 2,250, to reach 304,750. The prior week's average was revised from 302,250 to 302,500. New York displayed the strongest economic performance while Texas and Florida performed the worst. While the labor market has improved significantly, the economy will return to its high-growth state in the next few years.
3/18/2015: in March of 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
3/15/2015: in March of 2015 : According to the Labor Statistics Department, the number of new unemployment claims decreased by 36,000 to reach a total of 289,000. The prior week's claims figure was revised from 320,000 to 325,000. The 4-week moving average declined by 3,750, to reach 302,250. The prior week's average was adjusted from 304,750 to 306,000. There were no particular factors impacting this week's initial claims.
3/6/2015: in March of 2015 : The new weekly unemployment claim numbers released by the Department of Labor increased by 7,000 to reach 320,000 mainly due to 3,800 layoffs in the MA educational service industry and 2,900 fewer jobs due to inclement weather in KY. The four-week moving average rose by 10,250 to 304,750. The US economy added 295,000 new jobs in February, blasting past economists' expectations of 240,000 new jobs. The unemployment rate dropped to 5.5% from January's 5.7%, the lowest since May 2008, when the rate was 5.4%.
3/3/2015: in March of 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
3/1/2015: in March of 2015 : Announced by the Labor Department, the number of new weekly claims for unemployment benefits increased by 21,000 resulting in 313,000 new applications. The four-week moving average rose to 294,500. With more than one million new jobs added between November and January, the total number of unemployment benefit recipients declined to 2.4 million. Preliminary unemployment rate in February is 5.6%.
2/22/2015: in February of 2015 : Reported by the Department of Labor, the number of new weekly claims for unemployment benefits decreased by 21,000 resulting in 283,000 new applications. The four-week moving average declined to 283,250, the lowest level since October 2014. Average hourly wages started inching up with 0.5% increase in January.
2/18/2015: in February of 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
2/14/2015: in February of 2015 : Reported by the Department of Labor, the number of new weekly claims for unemployment benefits increased by 25,000. The largest increase came from the service industry in California, to reach a total of 304,000. The four-week moving average was 289,750. January's unemployment rate has risen to 5.7%.
2/8/2015: in February of 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
2/5/2015: in February of 2015 : According to the Department of Labor, the number of new claims for unemployment benefits experienced an increase of 11,000 to reach a total of 278,000. The previous week's level had been raised to 267,000, an increase of another 2,000. The current total 4-week moving average is 292,750.
1/29/2015: in January of 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
1/27/2015: in January of 2015 : According to the Department of Labor, the number of new claims for unemployment benefits experienced only a slight decrease of 10,000 to reach a total of 307,000. The largest numbers of layoffs were in California and Texas. Economists had expected that number to decline to 300,000. This represents three consecutive weeks that claims have been above 300,000.
1/22/2015: in January of 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
1/19/2015: in January of 2015 : According to the Department of Labor, the number of new claims for unemployment benefits experienced a sharp increase of 19,000 to reach a total of 316,000. This represents the first time in four months that unemployment claims filings exceeded the 300,000 threshold. Economists had predicted a drop to 295,000. The number of people claiming benefits was 2.8 million compared to 4.7M a year ago. Last week no State claimed Extended Benefits.
1/15/2015: in January of 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
1/13/2015: in January of 2015 : According to the Department of Labor, the number of new claims for unemployment benefits decreased by 4,000 to reach a total of 294,000 last week, while Michigan and New Jersey experienced increases in claims. Economists had predicted that claims would decline to 290,000. The four-week moving average declined to 290,500, a drop of 250. The moving average has remained below 300,000 for 17 consecutive weeks.
1/7/2015: in January of 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
1/4/2015: in January of 2015 : According to the US Department of Labor, initial unemployment claims increased by 17,000 last week to reach a total of 298,000. The four-week moving average also increased by 250 to reach a total of 290,750. Most of the job losses are due to layoffs in the construction industry. The preliminary unemployment rate for December is at 5.6 percent.
12/30/2014: in December of 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
12/28/2014: in December of 2014 : According to the US Department of Labor, initial unemployment claims declined by 9,000 last week to reach a total of 280,000. The four-week moving average also declined by 8,500 to reach a total of 290,250. The four-week moving average is considered a less volatile measure of unemployment claims.
12/22/2014: in December of 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
12/18/2014: in December of 2014 : According to the Department of Labor, the number of new claims of unemployment benefits decreased by 6,000 last week, to reach a total of 289,000. The four-week moving average decreased by 750, to reach 298,750. The unemployment rate is at 5.8 percent, but the Federal Reserve expects the rate to go down to 5.2 percent sometime next year.
12/15/2014: in December of 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
12/11/2014: in December of 2014 : According to the Department of Labor, the number of new claims of unemployment benefits decreased by 3,000 last week, to reach a total of 294,000. The four-week moving average rose to by just 250, to reach 299, 250. According to the report, number of people filing for continuing claims for unemployment benefits increased by 142,000.
12/08/2014: in December of 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
12/04/2014: in December of 2014 : According to the Department of Labor, the number of new claims of unemployment benefits decreased by 17,000 last week, to reach a seasonally adjusted 297,000. The four-week moving average rose to 299,000, an increase of 4,750. Currently, the unemployment rate is at a six-year low of 5.8 percent.
12/02/2014: in December of 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
11/29/2014: in November of 2014 : According to the Department of Labor, the number of new claims of unemployment benefits rose to 313,000 last week, an increase of 21,000 over the previous week. This was the first time that claims exceeded 300,000 since early September. The four-week rolling average remained below 300,000.
11/26/2014: in November of 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
11/25/2014: in November of 2014 : According to the Labor Department, the number of new claims for unemployment benefits declined to a seasonally adjusted 291,000 last week, representing a drop of 2,000 from the previous week. The previous week's data, originally 290,000, was revised to reflect 3,000 more applications received than had been previously reported. Also, will Obama's Immigration Order signify fewer jobs for Americans?
11/18/2014: in November of 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
11/15/2014: in November of 2014 : According to a report released by the Department of Labor, initial jobless claims increased by 12,000 to reach a seasonally adjusted 290,000 last week. While these numbers represent an increase, jobless claims have remained below the 300,000 threshold for nine consecutive weeks, the first time since 2000.
11/11/2014: in November of 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
11/08/2014: in November of 2014 : 214,000 new jobs were created in October. The unemployment rate declined to 5.8%. After ticking upwards last week, claims for unemployment benefits decreased this week to 278,000, a decline of 10,000, according to the Labor Department. The four-week average, which is considered a less volatile measure, also declined by 2,250 to reach 279,000. This is the lowest number in more than 14 years. Long-term unemployment remains high.
11/05/2014: in November of 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
11/02/2014: in November of 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
10/30/2014: in October of 2014 : For the first time in weeks, claims for unemployment benefits in the United States increased. According to the Labor Department, claims for unemployment benefits increased by 3,000 to reach 287,000. Economists had expected claims to fall. The four-week average, a less volatile number, declined to 281,000.
10/26/2014: in October of 2014 : Applications for unemployment benefits increased by 17,000 last week to reach 283,000. Even so, initial claims for unemployment benefits remained historically low. This is the sixth consecutive week that new unemployment claims have registered below 300,000, an occurrence that has not taken place since early 2006.
10/23/2014: in October of 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
10/20/2014: in October of 2014 : The U.S. Labor Department announced that 170 million dollars have been dispatched to Job Centers in order to help 3 million long-term unemployed Americans find new jobs. Unfortunately, it is still unclear how less than $60 per long-term unemployed person can help them to find a new job.
10/19/2014: in October of 2014 : New claims for unemployment benefits declined by 23,000 to reach a seasonally adjusted total of 264,000 last week, according to the Labor Department. This is the lowest level in 14 years, since mid-April 2000 when the claims level was 259,000. The Labor Department has said that no special factors affected the number of claims.
10/15/2014: in October of 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.
10/14/2014: in October of 2014 : According to the US Department of Labor, weekly unemployment claims declined by 8,000 to 287,000 last week. The four-week average for new claims also decreased by 4,250 to 294,750. These figures represent the lowest levels since mid-2006, approximately 18 months before the beginning of the recession.
10/08/2014: in October of 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.
10/05/2014: in October of 2014 : The U.S. Bureau of Labor Statistics reports that 248,000 non-farm jobs were added to the economy during the month of September. The unemployment rate is at 5.9% - an increase over 6.1% reported in August - the lowest rate since July 2008.
10/01/2014: in October of 2014 : According to the US Department of Labor, the advance figure for seasonally adjusted initial unemployment claims was 293,000, representing an increase of 12,000 over the previous week. The previous week's unemployment claims level was revised from an initial 280,000 to 281,000. The DOL also reported that the four-week average declined to 298,500.
9/28/2014: in September of 2014 : Unemployment claims in the United States declined last week, according to the U.S. Labor Department. Initial unemployment claims declined by 36,000 to reach 280,000, returning to a downward trend. During the previous week, claims for unemployment insurance benefits had jumped well above the average trend to reach 316,000.
9/18/2014: in September of 2014 : The US Department of Labor reports that applications for unemployment assistance increased by 11,000 last week to a seasonally adjusted 315,000. This is the highest number since the end of June. The four-week average for applications increased 705. Year over year, the average is 7.1 percent lower.
9/14/2014: in September of 2014 : Figures released by the US Bureau of Labor Statistics in late August revealed that Texas created 46,600 new jobs for the month of July. After momentarily giving up the number one spot to Florida in June, Texas emerged as the overall winner for the year, producing more jobs than any other single state. The wide variety of jobs created included minimum wage, middle management, and higher paying positions. The hospitality and recreation industries as well as the oil and gas industry remain some of the strongest contenders in the new job creation efforts. Throughout the month of July, well over half the nation saw increased job openings. In total, 36 states recorded newly added jobs for the month.
9/14/2014: in September of 2014 : Governor Pat Quinn announced a few weeks ago that at 6.8%, the unemployment rate in Illinois is at a six year low. With the rate staggering around 10% about a year ago, the significant drop is quite impressive. The flip side of the shiny coin is that many Illinois residents are leaving the state to look for opportunities elsewhere. This means that the available jobs are simply going to the remaining workers according to supply and demand. Despite the slight exodus from the state, there are many factors that entice newcomers to the state as well as root existing residents who say they are staying put.
9/14/2014: in September of 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
9/12/2014: in September of 2014 :
Do we still need an unemployment extension bill? - US adult internet population survey conducted on September 12, 2014
9/09/2014: in September of 2014 : The US Department of Labor reports that the country has experienced 54 consecutive months of job growth in the private sector. A total of 10 million jobs have been added to the economy during that time. During the month of August, the unemployment rate declined to 6.1 percent, a decrease from 7.2 percent year over year.
9/03/2014: in September of 2014 : For the previous week ending, advance figures show seasonally adjusted initial unemployment claims of 298,000 representing a decrease of 1,000 applications from the preceding week. The four-week average was 299,750, which was a decrease from the previous revised week's figures of 301,000. No special factors impacted the initial claims for this week.
9/01/2014: in September of 2014 : According to the Labor Department, weekly claims for unemployment declined by 14,000 to 298,000. The four-week average, a less volatile measurement, increased to 300,750 from 296,000 over the preceding week. The total number of people receiving unemployment benefits declined by 49,000 to 2.5 million for the week ending August 9, 2014, the lowest level since mid-2007.
8/29/2014: in August of 2014 : Sales at U.S. fast food heavyweights like Burger King, Arby’s, Sonic, and Jack in the Box are suffering due to long-term unemployment. A larger percentage of unemployed workers are lower income, less skilled workers. These are the demographic that most fast food restaurants rely on. Less income at this level means less disposable income that can be spent on eating out. Young males typically work in manufacturing, retail and construction industries, which have been impacted harder, and make up the bulk of fast food sales in the 16-19 age groups. The long-term effects of this on the fast food industry could last for years. Arby’s has seen a 11.5 % drop in sales, with the Sonic, Burger King, and Jack in the Box showing slightly smaller drops in sales.
8/27/2014: in August of 2014 : Job seekers face many challenges when it comes to finding a full-time, permanent position within their preferred field. Some of these obstacles are prevalent across any industry, but there are a few unique challenges that are nearly exclusive to individuals in the skilled labor services workforce.
Changing technologies require continuing education and the purchase of new tools and manuals for machinists, equipment operators, and building engineers. Individuals in these and related fields are often forced to make a decision about investing in their own career or attempting to seek employment with substandard tools, equipment, and experience.
When skilled laborers are expected to keep up with the latest methods and computerized equipment, the job search becomes even more cumbersome. The dilemma is that these upgrades can be quite costly and are often unattainable for unemployed or underemployed workers.
8/26/2014: in August of 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
8/24/2014: in August of 2014 : According to the U.S. Department of Labor, unemployment increased in 30 states and declined in eight states during the month of July. Unemployment rates remained unchanged in 12 states. Mississippi had the highest unemployment rate, while North Dakota had the lowest unemployment rate in July. Nationally, unemployment increased to 6.2 percent.
8/20/2014: in August of 2014 : For the most part, job numbers have been positive over the last year, but a recent report indicates that there are still disadvantages for the long-term unemployed to face (these are individuals who have been out of work for more than 27 weeks). The report, titled Ready to Work: Job-Driven Training and American Opportunity indicates that job training initiatives and policies encouraging employers to consider these workers for new positions could have a measurable positive impact on the situation. However, some analysts suggest that the report does not go far enough in explaining how to engage these job seekers who often give up on looking for work altogether.
8/18/2014: in August of 2014 : Part time employees of a local New England grocery chain have been encouraged to apply for unemployment benefits. A number of the employees of Market Basket have walked off the job due to a recent change in ownership and state officials are saying they could potentially be eligible for benefits, while still acknowledging that payments will be made "on a case-by-case basis." Many of the workers may lose their jobs altogether if they do not return to work soon. Arthur T. Demoulas, the recently ousted CEO, is in talks to buy the company.
8/15/2014: in August of 2014 : Weekly applications for unemployment benefits declined to a seasonally adjusted 289,000, according to a report from the U.S. Labor Department. This was a total decline of 14,000 applications. The four-week average, which is considered a less volatile measurement, declined by 4,000 for a total of 293,500.
8/03/2014: in August of 2014 : The U.S. Bureau of Labor Statistics reports that 209,000 non-farm jobs were added to the economy during the month of July. This represented the sixth consecutive month of employment gains over 200,000. The unemployment rate is at 6.2% - an increase over 6.1% reported in June.
8/01/2014: in August of 2014 : The unemployment extension bill that expired in December 2013 is still in limbo while Congress is about to depart for a 5-week recess despite all efforts of Senators Heller and Reed to push it through. The long-term unemployment rate (out of work for over 26 weeks) remains very high and the majority of Americans support the extension. It is true that many unemployed are fully capable of finding new jobs without government support, but let’s not forget about those who can barely make ends meet and are in desperate need of EUC. Many of them are victims of structural unemployment due to lack of relevant skills after dramatic changes in the US economic landscape.
7/30/2014: in July of 2014 : In the next few days Congress will be deciding if unemployment extension legislation will come into effect. Each week of EUC extension costs taxpayers approximately $0.5B or just about the size of a single Mega jackpot – a significant amount – unless it is compared to over $100B spent in Afghanistan. This spending would be sufficient to support all long-term unemployed for 4 years. The leading argument against EUC is the infamous “economic research” that demonstrates the destructive effects of extended benefits beyond high unemployment.
7/27/2014: in July of 2014 : Unemployment claims in the United States hit an eight-year low for the week ending July 19 when they dropped by 19,000 to a low of 284,000, according to the Labor Department. Historically, unemployment applications are often volatile during the month of July due to plant shutdowns.
7/24/2014: in July of 2014 : Senators Jack Reed and Dean Heller are still committed to fund the unemployment extension despite approaching 2014 elections, fiscal crisis and resistance of Republicans. Regretfully, they are running out of time, as Congress is about to leave for a 5-week break. Meanwhile, despite declining unemployment figures, almost 60% of Americans believe that the economy is in decline.
7/22/2014: in July of 2014 : Modern history's lowest 6.1% unemployment rate announced in July 2014 seems like a great achievement. Upon closer examination of the true nature of the unemployment rate: a staggering 92.5M people have no job, consumer price index is on the rise and very little progress in extending of federal unemployment insurance (EUC). Newly created jobs aren't high-paying too... (Continue reading)
7/20/2014: in July of 2014 : Applications for unemployment assistance dropped to 302,000, a decline of 3,000, over the previous week, according to the Labor Department. Currently, the unemployment rate is 6.1 percent, representing a 5 ½-year low. The four-week average for unemployment applications dropped to 309,000, the lowest level since June, 2007.
7/16/2014: in July of 2014 : According to the latest report from the Department of Labor, fewer people in the United States applied for unemployment benefits last week. The four-week average declined by 3,500 to reach a total of 311,500. In other news, the unemployment rate in June declined to 6.10 percent from a previous high of 6.30 percent during the month of May. Republican Dean Heller is lobbying to extend unemployment benefits (EUC) due to high unemployment in Nevada.
7/14/2014: in July of 2014 : Bureau of Labor Statistics reported that 13% of long-term unemployed were able to find new jobs in June 2014 – a significant improvement in comparison to 10.5% in May. Unfortunately, many of these new jobs compensate at rates not much better than unemployment benefits that average $1,200 per month.
7/07/2014: in July of 2014 : The President may use his executive power to force congress to pass the unemployment extension and get it paid by increasing customs fees and decreasing corporate contributions to tax deductible pension funds. Millennials (age 18 to 29) and women over 50 are the most affected demographics and represent over 50% of all unemployed with a rate 3-4 times higher than the unemployment rate reported in July.
7/03/2014: in July of 2014 : With only about 10.5% of long-term unemployed finding jobs every month, estimated 5.2 million Americans would lose their benefits by the end of 2014 if Congress doesn’t renew unemployment extension. Senators Reed and Heller introduced a new unemployment extension bill S.2532 that replaces the original one expired in May. If passed, this bill will extend the Emergency Unemployment Compensation (EUC) program by 5 month.
6/30/2014: in June of 2014 : According to the Department of Labor, unemployment declined in 20 states last month. Senators Dean Heller (R-Nev) and Jack Reed (D-R.I.) plan to make another attempt at extending expired unemployment benefits. The major difference in the latest bill from previous offerings is that benefits will not be retroactive.
6/23/2014: in June of 2014 : Applications for unemployment benefits fell to 312,000 last week, representing a seven-year low, according to the Department of Labor. Those numbers are near the low of 298,000 prior to the Great Recession. For the week ending June 7th, the total number of unemployment recipients was down to 2.56 million, the lowest level since October 2007.
6/19/2014: in June of 2014 : The Bureau of Labor Statistics reports that almost 3.5 million or about 35% of all unemployed Americans were out of work for more than 26 weeks in May. Among them, women over 55 years old are the most impacted with the highest and longest rate across all gender and age groups. We all need a new unemployment strategy that can be supported by both flanks of Congress. Senators Reed and Heller haven’t lost their enthusiasm to win the majority support in 2014.
6/16/2014: in June of 2014 : 217,000 jobs were added to the US economy during the month of May, according to data released by the Department of Labor. This represents gains for the fourth consecutive month. The country's unemployment rate remained at 6.3 percent during the month of May. The percent of the population in the workforce remained at 62.8 percent.
6/12/2014: in June of 2014 : Over 3 million out-of-work Americans lost their unemployment extension benefits since the program expired in December 2013. House Democrats have joined a new series of events “Witness Wednesdays” in hopes to force Republicans to pass the unemployment extension bill. Representative Levin remains confident that six-months unemployment extension can be passed in the upcoming days. If not, long-term unemployed will start obtaining financial support through other government programs and completely abandon any job search.
6/09/2014: in June of 2014 : Applications for unemployment benefits rose to a seasonally adjusted 312,000, according to the Labor Department. This is the lowest average since June of 2007. The number of individuals receiving benefits also declined to 2.6 million. In other news, the deal that would extend unemployment insurance benefits recently expired over the weekend.
Employers added more jobs in May.
Reported in June of 2014, 217,000 new jobs were created in May. The unemployment rate holds steady at 6.3%. Non-farm, seasonally adjusted employment grew a staggering 138.5 million - highest level in the past 10 years.
6/03/2014: in June of 2014 : The Reed–Heller’s bill intended to extend unemployment insurance over regular 26-week state benefits expired this weekend. This left 3 million long-term unemployed Americans wondering about their future. Senator Reed expressed his disappointment and desire to continue fighting to extend the unemployment benefits.
6/02/2014: in June of 2014 : Applications for unemployment benefits in the United States fell to 300,000. This represents almost the lowest level in seven years. The number of individuals actually receiving unemployment benefits is also declining, down to 2.63 million. This is the lowest level the country has seen since November 2007.
5/27/2014: in May of 2014 : Unemployment Drops as Lawmakers Debate Benefits Extension.
5/24/2014: in May of 2014 : Federal Lawmakers Continue Wrangling Over Unemployment Extension. Less Americans return to labor force and less people file for unemployment benefits, forcing the unemployment rate to fall to 6.3%, the lowest since September 2008. National long-term unemployment (26 weeks or longer out of work) figure increased to estimated 3.5 to 4.5 million. Still long way to go to bring unemployment down to pre-recession rate of 4.5%.
5/23/2014: in May of 2014 : The US Labor Department reports that unemployment applications increased by 28,000 to reach a seasonal adjusted total of 326,000. California saw the largest decline in applications, down by 7,651, while Mississippi witnessed the largest increase of 1,183 applications. The legislation that would extend unemployment benefits remains in gridlock.
5/19/2014: in May of 2014 : Time is running out for Mike Fitzpatrick' H.R. 4550 Unemployment Extension legislation that will expire on May 31 if not passed by the House of Representatives by that time.
5/17/2014: in May of 2014 : According to the Labor Department, the number of weekly unemployment benefit applications declined by 24,000 to reach 297,000. This is the lowest number of applications filed since May 12, 2007. The legislation that would extend long-term unemployment benefits, already passed by the Senate, remains in the House, awaiting majority approval.
5/15/2014: in May of 2014 : Initial claims for state unemployment benefits were adjusted to a seasonal 319,000 for the week ending May 3, down by 26,000, according to the Labor Department. There has been no further action on H.R. 4550, the legislation introduced by Congressman Michael Fitzpatrick to extend expired Emergency Unemployment Compensation.
5/11/2014: in May of 2014 : President Barack Obama plays hard ball with the House of Representatives threatening to veto their tax credit bills if they do not pass Mike Fitzpatrick' H.R. 4550 legislation. If passed, it would extend Emergency Unemployment Insurance (EUI) that expired in Dec 2013 until May 31 of this year. The original legislation passed by Senate on April 7 is now 6 job bills longer.
5/09/2014: in May of 2014 : Impressive 288,000 new jobs were created in April. This is the highest increase seen in the past 13 months, including 203,000 created in April 2013. The unemployment rate decreased to 6.3%. Jobs were created in a broad range of industries and locations, including many medium to high paying office jobs.
5/08/2014: in May of 2014 : No new developments on Mike Fitzpatrick' H.R. 4550 legislation that, if passed by the House, would extend Emergency Unemployment Insurance (EUI) expired in Dec 2013 until May 31 of this year. The original legislation passed by Senate on April 7 has been amended with 6 job bills. 4/15/2014: in April of 2014 Update: The Senate passed the Unemployment Extension bill that would restore federal funding for long-term unemployed 2.5 million Americans that were out of work for 6 months or longer. The legislation is now in the House of Representatives to give it a final approval. If passed, the bill would restore jobless benefits for five months, retroactive to last December.
3/2/2014: in March of 2014, Senate postponed approval of Harry Reid's Federal Unemployment Extension. This legislation will provide six months of retroactive Unemployment Extension, which expired on December 28, last year. There was more than 1 million and now almost twice that number of affected people. 150,000 additional people have seen their benefits lapse in the past two weeks.
Older news 4/30/2013: In March of 2013, President Obama and Congress, Reauthorized the Federal Extensions: The EDD will be able to automatically reopen extension claims if they continue certifying for federal extension benefits for those who were claiming Unemployment Extension benefits.
3/31/2013: In March of 2013, the federal spending cuts (sequestration) went into effect. This applies to all tiers beginning with the payment for the benefit week ending April 6, 2013.
4/25/2012: In 3 weeks, over 100,000 residents of California will lose 20 weeks of extended benefits. This is due to the improvement in California`s overall economic status.
3/29/2012: Residents in the State of Indiana who are filing for 2012 Federal extensions are now required by State law to check in to a local WorkOne center in order to extend benefits. This was just announced today, and is required only of unemployed workers collecting in Indiana. The check-in process involves a short review to continue receiving compensation extension (tier 4 reduction).
3/16/2012: Voluntary CA compensation claimants were fewer last week, showing yet another sign of continued economic improvement on a national level. Additionally, claims hit a 4 year low for the freshly unemployed, leaving a sense this may also be due to improving labor conditions in CA.
99ers Information & Latest News
3/09/2012: The February National Unemployment Rate was released earlier today, showing the National rate remaining steady at 8.3% (same rate
as was January of 2012). Interestingly, February reports also showed a creation of 227,000 jobs by the economy, during 2012 extension legislation update discussions. The US rate dropped for 5 straight months after August of 2011, and has remained at 8.3% since December. Each State is continuing to show slow but encouraging gains, however Florida claim figures have increased.
3/05/2012: 2012 Career Training options have become available to all unemployed individuals in all 50 States for those collecting first-time insurance benefits, including workers effected by the tier reduction. The National UnemploymentOrg encourages all who collect benefits to take advantage of additional benefit calculations.
March 1, 2012: The official latest news today from the United States Labor Board showed over 2.8 million unemployed workers labeled as "marginally attached", meaning people who have been wanting to work but have not found a job in the past year. Unfortunately, these individuals were NOT counted in the 99ers seasonally adjusted figures (any person who hasn`t looked for work in 4 weeks or more is not counted), which if added to the January statistics would show a national rate well above 10%. This has caused a rising concern of tier 5 99ers & unemployed workers figures effecting the extended benefit tiers & eligibility for the unemployed.
Important Updates to Consider: The 2012 extension for 99ers has greatly helped the State of California, as an estimated 1.2 million CA residents are currently unemployed. Although the 2012 compensation extension is supposed to be for only 73 weeks, in California, the EUC government vote will will be as long as 93 weeks this year due to the newly formed federal update.
02/23/12: President Obama gives an overview of the success of the EB Program, while proposing future plans in maximizing Federal compensation:
02/17/12: Revisions & Changes Discussed, changes in benefits include the revision of the four tiers, reducing each tier from
99 weeks to now 73 weeks (in addition to drug testing). Changes will begin June 1, 2012 - see the new structure of tiers for Emergency Unemployment Compensation Extension.
ews in Ohio
Enacted via Congress
All who seek to file for Federal extended benefits can start their filing process online.
NJ Policies May Change
2/13/12: Obama`s new stimulus is being proposed today that includes many planks of the American Jobs Act. This includes a Federal Extension of the payroll tax cut, as well as the Fed bill through the end of 2012. A $30 billion investment into the modernization of 35,000 schools across the US is included in the NJ stimulus, in an effort to help retain and hire additional teachers. Obama also introduces Project rebuild for the unemployed, a program creating jobs in the re-purpose of residential and commercial properties in distressed communities.
2/07/12: Both the House & Senate are currently debating a revision to tier triggers that would require a high school diploma or GED in order to collect through 2012. If the bill passes, an individual seeking 99ers without a diploma would be entitled to compensation if enrolled in a high-school equivalency program. Congress is expected to have closure on details of the the 73 week benefit extension within days.
Latest News on Tier 5 Unemployment Extension: "...To prepare for the employment of tomorrow, a commitment to skills and extending education must be considered. " -President Obama. In his State of the Union Address yesterday evening, President Obama emphasizes the importance of higher education for those looking at the unemployed workers for the remainder of their 99 weeks- to strengthen the US job force. Additional resources have been introduced in 2012 that encourage those collecting maximum Michigan state benefits for 73 weeks to continue occupational training.
01/14/12: Congress has approved the 2012 reduced benefits for update on 12/23/11 for 60 days. The extension of compensation has extended benefit options, and the legislation for all unemployed tiers. Those who are unemployed are able to continue collection of extended benefits, while moving to the next tier of maximum compensation benefits during this short period.
*IMPORTANT: Be sure to check with your State for details on your full eligibility requirements, or to begin the voluntary benefits process.