(Associated Content) — The Obama Compromise Bill may have passed without their approval and their proposed amendment for a provision regarding 99ers, but at least two members of the Congressional Black Caucus are doing something that might ultimately help those long-term unemployed workers who have exhausted all regular unemployment benefits and extensions available to them. […]
(New York Times) — President Obama on Tuesday strongly defended his tax cut deal with Congressional Republicans against intense criticism from his own party, insisting it was “a good deal for the American people.” Struggling to ensure that the package would win approval, the White House deployed Vice President Joseph R. Biden Jr. to Capitol Hill […]
A little more security for buyers anxious about big purchases in uncertain times.
Are the jobless benefits starting to become a crutch?
(WSJ) — New York’s unemployment-insurance system is borrowing money from the federal government at an explosive pace—sinking $1 billion deeper into debt since the beginning of the year—and that has businesses bracing for a sharp increase in taxes. As New York continues to shed private-sector jobs, the fund that pays unemployment claims is now $3.2 billion […]
(CNNMoney.com) — The number of Americans filing for unemployment insurance for the first time jumped for the second week in a row, according to government data released Thursday. There were 484,000 initial jobless claims filed in the week ended April 10, up 24,000 from an unrevised 460,000 the previous week, according to the Labor Department’s […]
(CNBC.com) — Many advanced economies will face high unemployment through 2011 even though job growth will return this year, the International Monetary Fund said on Wednesday. In its initial chapters of the World Economic Outlook, the IMF said combating unemployment was a key policy challenge as the global economy emerges from the worst recession since World […]
(WSJ.com) — With pink-slip taxes increasing, more small-business owners may be motivated to appeal claims for unemployment benefits filed by former employees who quit or were fired for cause—but such appeals can sometimes backfire. U.S. employers are required to make regular tax contributions toward unemployment insurance. They’re taxed at a rate that varies by state and […]