Pages

Monday, December 16, 2013

Employment

News                                                                                                                             
National Journal | Unemployment Benefits End Right After Christmas. Here’s What Happens Next.
Just three days after Christmas, 1.3 million people will lose their federal emergency unemployment insurance. The extension of the benefits for the long-time jobless didn't make its way into the budget deal that is expected to pass the Senate this week.
FOX News | US worker productivity grew 3 percent over the summer as output rose; labor costs fall
 U.S. workers boosted their productivity from July through September at the fastest pace since the end of 2009, adding to signs of stronger growth.

Econ Comments & Analysis                                                                                            
CRS | Expiring Unemployment Insurance Provisions
Once these federal unemployment provisions expire, only regular, state-financed unemployment benefits from the Unemployment Compensation (UC) program will generally be available. In most states, UC provides up to 26 weeks of benefits.
AEI | Why unemployment benefits should be extended
We shouldn’t let emergency federal benefits expire because the same fundamental logic that led to their being (correctly) enacted still holds today: The labor market is still in bad shape, the economy is still weak, there are three times as many unemployed workers as job openings.